(CMP: 2,150)
MAINTAIN OVERWEIGHT
TARGET: ₹2,650
Q1 Update Shows Strong Growth Despite Muted Macro Climate
Balance Sheet Growth Is Strong Amid Muted Trends For The System
Deposit growth On An Average Basis Strong At 5% QoQ & 13% YoY
CASA Growth Was Slower At 2% QoQ & 4% YoY