business / news / / The Economic Times
HDFC Bank crashed more than 17% in March, with the sentiment souring further after its former part-time Chairman Atanu Chakraborty resigned from his.
Motilal Oswal increased SBI's portfolio weight by 100 basis points and reduced HDFC Bank exposure.
KEY POINTS
- RBI clarified there are no material governance or conduct concerns at HDFC Bank after recent resignations.
- HDFC Bank's post-merger stabilisation is driving margin improvement and improved deposit growth.
- SBI's valuation is now above historical multiples, potentially limiting near-term upside despite recent rebound.
- Analysts suggest HDFC Bank is better for long-term stability, while SBI offers higher but more volatile upside.
COMPANIES
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