Adding to the negative pressure on HDB is the uncertainty surrounding stake sales and future IPOs. As it considers merging with parent HDFC, HDFC Bank is looking for more regulatory clarification over keeping its investment in HDB.
During the March 2022 quarter, HDB registered net revenue of Rs2,141 crore as against Rs1,985 crore in the year-ago quarter, a growth of 7.9%. Profit after tax stood at Rs427 crore versus Rs5112 crore in the March 2021 quarter.
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