HDFC Bank NIM drops to 3.1%, profit up 4.7% YoY

HDFC Bank NIM drops to 3.1%, profit up 4.7% YoY — HDFC Bank's net interest margin fell to a new low of 3.1%, dragging shares down over 2% despite a 4.7% YoY rise in net profit. The profit growth was driven by lower credit costs and strong fee income, but margin pressure raised concerns. Investors reacted to weaker-than-expected NIM performance amid rising deposit costs.
📊 STOCKS: $HDFCBANK | 🏢 SECTOR: Banking | #HIGHIMPACT #Earnings