BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We remain constructive on HDFC Bank Ltd. as merging of two systemically important financial institutions would boost balance sheet size, access to a larger client base and cross sell opportunities.
Our interaction with the management of HDFC Bank and Housing Development Finance Corporation Ltd. reinforced our confidence in the ability of the merged entity to garner deposits, meet regulatory requirements and improve profitability.
While we don't foresee any shortfall on cash reserve ratio/statutory liquidity ratio, a deficit of 50% is projected on priority sector lending needs, although it could be lower.
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