HDFC Bank share price drops after Q3 update shows loans outpacing deposits — what investors watch next
HDFC Bank shares dropped 2.4% Monday after its quarterly update showed loans outpacing deposits, raising concerns over funding. Gross advances stood at 28.44 trillion rupees and deposits at 28.59 trillion rupees as of December 31. The bank’s loan-to-deposit ratio rose to 98.5%. Investors await January 17 earnings for further guidance.