Way2Wealth
HDFC Ltd. reported robust Q2FY20 results with net profit beating street estimates, boosted by the sale of stake in Gruh Finance & dividends from HDFC Bank. Its net profit rose by 61% YoY to `3,962 Cr in 2QFY20. Loan growth was driven by individual loans growing at 17%, while developer credit slowed to 3%. NIMS remained constant at 3.30% QoQ....
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