Mon, Jan 30, 2017
Housing Development Finance Corp (HDFC) surpassed analyst estimates by reporting 12% year-on-year rise in net profit in its third quarter ended December 31, 2016.
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Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."
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