At a time when the Indian banking industry is grappling with bad loans, a consistent performer like HDFC Bank Ltd is much sought after by investors. It’s a measure of investors’ confidence in HDFC Bank that its shares touched an all-time high of Rs.1,239.90, before closing down a mere 0.15% on the Nifty on Thursday, while the Nifty Private Bank Index fell 1.55%. As usual, HDFC Bank met expectations on most counts in its June quarter earnings. In the March quarter, net profit had risen 20.2%. Net profit rose 20.14% year-on-year, (y-o-y) backed by growth in its retail business.

Source: Mint July 21, 2016 21:11 UTC