Hdfc bank’s fourth quarter fiscal year 2023 (Q4FY23) PAT missed estimates by 2.4%, and there was a 4.9% miss in operating profit. The need to increase deposit mobilisation, in which HDFC Bank has outperformed its peers, is causing a drop in loan-to-deposit ratios (LDRs), which is putting pressure on net interest margin (NIM). Additionally, the […]
The Indian rupee declined against the U.S. dollar on Thursday, as concerns over a European lender dented broader risk sentiment, but managed to remain on the stronger side of a past resistance level of 82.80.The rupee ended at 82.73 per dollar, against its previous close of 82.5950.Traders said foreign and state-run banks sold dollars around […]
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