HDFC Bank slipped 3 per cent to Rs 1,475 on the BSE in intra-day trade on Monday, after the lender reported lower-than-expected performance for the quarter ended June (Q1FY22) on Saturday.
The asset quality of the bank deteriorated slightly at the end of the June quarter. Gross non-performing assets (NPAs) of the bank stood at 1.47 per cent as opposed to gross NPAs of 1.32 per cent at the end of the March quarter and 1.36 per cent as of June 30, 2020. READ ABOUT IT HERE
"We maintain our estimates and see 18% CAGR in profit over