Banks Q2: keep one eye on loans, another on deposits
- Amid revival in credit growth and rising interest rates, banks’ Q2 results would be in focus
- Big private banks may grow at a higher rate compared to mid-cap/small-cap peers, PSBs
Private sector lender HDFC Bank Ltd will announce its September quarter results on 15 October. In the Q2 update released last week, the bank said its year-on-year (y-o-y) loan and deposit growth in the last quarter was 23.5% and 19%, respectively. This is better than the system growth and would aid HDFC Bank’s earnings, even as investors watch out for commentary on its merger with HDFC Ltd.