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Slower rise in core retail segment affected HDFC Bank's CASA ratio, says CLSA

Updated : April 22, 2019 08:57 AM IST

CLSA maintained ‘buy’ call on HDFC Bank with a price target of Rs 2,850 per share as it expects the Bank to see a profit CAGR of 21 percent over FY19-21.
Recent investments in branches and staff as well as pick-up in debit card clients should help in FY20, said the brokerage firm.
Slower rise in core retail segment affected HDFC Bank's CASA ratio, says CLSA
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