HDFC Bank May Explore Ways To Reduce Pressure From Corporate Deposits
HDFC Bank secured new business.
· NDTV Profit
Outgoing CEO Sashidhar Jagdishan said incoming chief Anup Bagchi could consider alternative balance-sheet strategies, including some non-deposit funding, as the bank seeks to increase the share of retail deposits. The lender will still need non-retail liabilities to support demand across its businesses.
The analysis
Against that, the stock is +0.3% on the day at ₹728.85, and has returned -9.8% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.1% over the same period, so HDFC Bank is running 6.7 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
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