HDFC Bank Q4 Results LIVE Updates: Read what Kotak Instituitional Equities eyes from HDFC Bank’s Q4 show
We anticipate witnessing improved momentum in deposit growth in the fourth quarter, which is traditionally robust. We are projecting a 7% increase quarter-on-quarter in deposits (year-on-year numbers are not comparable). Additionally, we are factoring in a slower pace of loan growth (3% quarter-on-quarter), which should contribute to an enhancement in the CD ratio. Net interest margin (NIM) is expected to remain flat quarter-on-quarter. Furthermore, non-interest income is set to receive a boost from the stake sale of the education finance subsidiary, Credila.