CITI ON HDFC BANK
Maintains 'Buy' With Target Price Of ₹2,200
Opens 90-Day Positive Catalyst Watch
Expects Advances Growth To Have Bottomed Out In Q3
See Lower NIM Pressure Through The Cycle
Expect Over 7% Growth In Q4 Deposits (QoQ)
Processes/infra Readiness, Digital Capabilities To Aid Targeted System Average Growth By Q4 FY26
Expanded Distribution, Augmented Customer Base To Aid Targeted System Average Growth By Q4 FY26
With Levers In Place, NIMs Should Trend Relatively Better And Remain Range Bound
No Unusual Stress In Any Segments And Credit Cost Expected To Be Contained
Maintains 'Buy' With Target Price Of ₹2,200
Opens 90-Day Positive Catalyst Watch
Expects Advances Growth To Have Bottomed Out In Q3
See Lower NIM Pressure Through The Cycle
Expect Over 7% Growth In Q4 Deposits (QoQ)
Processes/infra Readiness, Digital Capabilities To Aid Targeted System Average Growth By Q4 FY26
Expanded Distribution, Augmented Customer Base To Aid Targeted System Average Growth By Q4 FY26
With Levers In Place, NIMs Should Trend Relatively Better And Remain Range Bound
No Unusual Stress In Any Segments And Credit Cost Expected To Be Contained
