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via economictimes.indiatimes.comMarkets

HDFC Bank profit up 4.7% despite margin pressure

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

HDFC Bank reported a 4.7% rise in standalone net profit for the second quarter, while margin pressure weighed on core profitability. Net interest income rose 9.7% as loans and deposits grew. The lender is also set to welcome a new chief executive this month, ending prolonged…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralQuarterly results showing modest growth, with a leadership change imminent.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Standalone net profit rose 4.7% in the second quarter.
  2. 02Margin pressure weighed on core profitability.
  3. 03A new chief executive takes over this month.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
HDFC Bank LimitedHDFCBANK.NSEStock728.85 INRMarket closedtoday +0.28%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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