HDFC Bank Q3 Preview: What brokerages are expecting
HDFC Bank has been strengthening its geographical footprint in terms of both reach and density, which analysts say will result in higher operating expenses growth of around 20% YoY. “As a result, operating profit is likely to grow in mid-teens. Given lower provisioning expectations, PAT growth is expected at ~20% YoY in Q3FY23,” ICICI Securities said.
