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HDFC Bank Q3 Results Review - Better Than Expected NII Growth Offset By Elevated Opex: ICICI Securities

Net interest income growth retraced better than expected to 24.6% YoY/9.4% QoQ, partly supported by interest on income tax refund.

<div class="paragraphs"><p>A bird flies past a window of a HDFC Bank branch.&nbsp;(Photo: Rueters/Shailesh Andrade)</p></div>
A bird flies past a window of a HDFC Bank branch. (Photo: Rueters/Shailesh Andrade)
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