HDFC Bank trades in green as Jefferies sees potential upside of 18% on NIM improvement
Additionally, the brokerage mentions that if the lender grows deposits at 17-18 per cent over March 24-29 then loan growth can be 13 per cent. Additionally, improvement in net interest margins (NIMs) is key to rise in RoA and valuation re-rating.
Similarly, credit card growth builds sensitivity to deposit market share gains.