HDFC Bank reported broadly in-line performance in Q4FY24. Numbers on a y-o-y numbers are notcomparable as this is the third quarter reported after the merger. NII at Rs. 29,077 crore (up 2% q-o-q) was in line with expectations driven by stable NIM of 3.4% (marginally improved by 4 bps q-o-q) and net loan growth of 1.6% q-o-q.