Buy HDFC Bank; target of Rs 925: Motilal Oswal

Motilal Oswal's research report on HDFC BankHDFC Bank (HDFCB) reported 2QFY27 profit at INR195.1b (5% YoY/2% QoQ, in line). NII grew 10% YoY/3% QoQ to INR346.2b, while NIMs on total assets declined by 10bp QoQ to 3.16% (est. 3.18%) due to an adverse impact of leverage on FCNR(B) deposits. Other inc…