HDFC bank has out performed the economic conditions and delivered incredible financial results.
During the quarter ended March 31, 2021, the bank purchased loans aggregating Rs 7,503 crore through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation Ltd.
Ex-HDFC Ltd pool, the bank’s loan growth was at 13.8 percent YoY and 4.6 percent, QoQ.
Meanwhile, Yes Bank’s advances rose 0.8 percent, YoY and 1.8 percent QoQ. Deposits increased 54.7 percent, YoY and 11.4 percent, QoQ. CASA was up 51.8 percent, YoY and 12.2 percent QoQ.
Current HDFC is trading on NSE at 1499 and soon it is expected to reach 1800 range.
Experts have given a buy ratings to the stock for both long-term and short-term trade. HDFC futures is also showing a positive outlook.