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HDFC Bank posted Q2 results broadly in line with expectations, while Deputy MD Kaizad Bharucha sought cessation from services effective December 31
By ScoutQuest · · 1 min read
Heard on business television between 07:39:13 - 07:42:13 IST.
- Q2 numbers were in line with expectations with broad-based growth across segments.
- Deposit growth supported by FCNR inflows and term deposits; retail disbursement growth accelerated after modest growth in prior quarters.
- Treasury income remained weaker due to higher bond yields; CASA mix moderated quarter-on-quarter.
- Margins impacted by FCNR and marginally lower yields; asset quality remained better and cost of funds flat.
- Deputy MD Kaizad Bharucha requested cessation from services effective December 31, following the bank's appointment of Anup Bagchi as MD and CEO.
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