Thursday, May 6, 2010

HDFC Bank: Impressive, But Expect Lesser?

HDFC BANK: (BSE: 500180 | NSE: HDFCBANK)
Is it time to expect lesser here? The YoY jump is impressive as it is not on a much low base, but the sequential jumps are getting smaller. Still, can’t complain. But with parent HDFC Ltd as well as offspring HDFC Bank having majority foreign ownership – with a whopping 73% foreign ownership in HDFC Bank, and it existing as ‘Indian’ only on a proposed RBI exemption, it needs to move carefully during these times when financial markets worldwide are holding their breath on Greece, Spain & Euro.

Also Read: How 24 Indian Banks Actually Performed in Q4

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