HDFC Bank CFO says 4% margin aspiration intact despite near-term pressure; cost of funds already falling
CFO Srinivasan Vaidyanathan said the the cost of funds moved down by about 10 – 11 basis points in this (Dec) quarter. “Margin movement will come from three factors, time deposit repricing, CASA behaviour and borrowings,” Vaidyanathan said and that the bank is not focused on quarter-to-quarter outcomes, will let margins improve as repricing plays out.
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