MACQUARIE ON HDFC BANK

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MACQUARIE ON HDFC BANK

Maintains 'Outperform' Rating With Target Price Of ₹2,300

The Core Issue: Deposit Growth Below Expectations

Loan Growth In Line, CRB Drives Overall Loan Growth

Expect NIMs To Increase Gradually In The Short-To-Medium Term

All Eyes On The Margin Trajectory

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