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HDFC results show some pricing power coming back to banks: Lalitabh Srivastava, Sharekhan | The Economic Times

HDFC results were slightly ahead of street’s expectation. HDFC has been hallmark on consistency and all those fronts. This time also it was no different. First of all, the improvement in margins indicates that some amount of pricing power is coming back to banks and some amount of the benefits that we were expecting due to weakened competition, was also seen during the quarter.

At the same time. there is another positive in that deposit growth has been good. Deposit growth for some time now has been lagging the advances growth but this time, the pace of growth in deposits has been better. So that is another positive. The market is very competitive in terms of retail term deposits and on those lines, HDFC is still maintaining a strong position. Overall, a good set of numbers and the market should look positively into that.

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hdfc bank: HDFC results show some pricing power coming back to banks: Lalitabh Srivastava, Sharekhan – The Economic Times.

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