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HDFC Bank shares dip 4.5% as advances, deposits fall in Q1
short by Mansi Agarwal / on Friday, 5 July, 2024
HDFC Bank's shares dipped 4.5% on Friday to close at ₹1648.1, just two days after the stock touched a 52-week high of ₹1,791.9. This comes after the bank's Q1 results showed its gross advances fell 0.8% quarter-on-quarter to ₹24.87 lakh crore at the end of June. Meanwhile, deposits virtually saw no growth on a sequential basis at ₹23.79 lakh crore.
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