HDFC BANK Q1 FY 17 REPORT

Banking Industry bell-weather, HDFC Bank reported strong first quarter results with Net Profit, Net Interest Income, deposits and advances rising in double digits. The second largest private sector bank with CAR of 15.50% (Tier I-13.30%) commands credibility due to growing profitability and stable asset quality in today’s volatile scenario. The bank is poised for higher growth as one of the major players in Indian banking industry. Thus we recommend BUY for the stock for medium and long term investment. Read the full report below...