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HDFC Bank Q2 Results Review - Robust Growth, NIM Expansion Retraces NII Growth: ICICI Securities

Continued investment led to an elevated opex-to-assets ratio of more than 2% as opex grew 21% YoY / 7% QoQ.

<div class="paragraphs"><p>HDFC Bank entrance board. (Source: Reuters)</p></div>
HDFC Bank entrance board. (Source: Reuters)
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