Analyst Feedback Points to Nearing Turnaround for HDFC Bank

Global brokerage house CLSA has released insights from interactions with over 20 clients following HDFC Bank’s third quarter earnings release earlier this week.

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Analyst Feedback Points to Nearing Turnaround for HDFC Bank

Global brokerage house CLSA has released insights from interactions with over 20 clients following HDFC Bank’s third quarter earnings release earlier this week.

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According to the note published by CLSA, most Indian clients expressed unhappiness with HDFC Bank‘s December quarter numbers.

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In contrast, foreign investors signaled a less bearish stance with the ratio of skeptics to optimists assessed to be lower among overseas clients.

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There were also views questioning if retail loan expansion effects on NIM would drag on as long as initially projected.

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On the system-wide liquidity crunch, CLSA believes the Reserve Bank of India can play a supportive role through a combination of forex market interventions.

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An infusion of $10 billion in forex inflows in the current quarter alone could help narrow dollars deficit that is feeding into money market shortfalls.

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