Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank’s investors off guard. HDFC Bank’s stock on Wednesday plunged nearly 9 per cent to hit an intraday low of Rs 1,527 on the BSE after reporting weaker-than-expected earnings in the third quarter (October – December) of the current financial year (Q3FY24). The shares of India’s biggest private lender closed at Rs 1,536.9, down 8.46 per cent.
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