NEW DELHI, Jan. 22 -- An Indian private sector bank that sidestepped the corporate bad loan deluge is now hoping to escape from the pandemic's hammer unscathed. So far, HDFC Bank has been succeeding in its efforts. But it has come with its own costs.
For the December quarter, HDFC Bank reported metrics that beat analysts' estimates and this may liberate the share price from the 3-month lacklustre state. Net profit grew 15% year-on-year on the back of similar growth in its core income. Its management gave an optimistic outlook to analysts in a post-results conference call on Saturday, 16 January.
HDFC Bank's loan book grew by 15.6% in the December quarter, mainly due to the 25% growth in corporate loans.
The retail book has been scarred b...