HDFC Bank Posted a Standalone Net Profit of INR159.76B ($1.92B) for September Quarter, Results Mark the First Quarterly Report Following HDFC Bank-Housing Development Finance Corp Merger on July 1 in a $40B Deal
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HDFC Bank reported a standalone net profit of INR159.76B ($1.92B) for the September quarter. This is the first quarterly report following the merger with Housing Development Finance Corp on July 1 in a $40B deal.
October 16, 2023 | 11:30 am
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HDFC Bank's Q3 earnings report shows a net profit of $1.92B, following its merger with Housing Development Finance Corp.
The reported net profit indicates a positive financial performance for HDFC Bank. This, combined with the recent merger, could potentially boost investor confidence and positively impact the bank's stock price in the short term.
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IMPORTANCE 80
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