Buy HDFC Bank; target of Rs 966: Anand Rathi
Anand Rathi's research report on HDFC BankDespite a pick-up in loan growth to 16.4% y/y, HDFC Bank’s credit growth remained well below peers such as ICICI Bank, Axis Bank and Kotak Mahindra Bank in Q2FY27. NIM declined 8bps q/q due to FCNR (B) flows, further widening the margin gap with ICICI Bank…