From Breakingviews - India's HDFC is in fine shape for its big deal
net interest income rose 20% year-on-year in the three months to March. Winning deposits - of late a scramble for most Indian banks - was no problem either. Customer funds grew 21%, more than double the industry’s pace.of deposits points to some niggles. The 11% growth in low-cost accounts undershot a 30% jump in higher-yielding ones.
The bank is firing on most cylinders as it prepares to complete a deal announced a year ago with its $62 billion parent, Housing Development Finance Corporation
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