Though the pace of restructured loans picked up in last two quarters, HDFC Bank's deputy managing director Paresh Sukthankar told CNBC-TV18 that the situation will take some more time to stabilise.
Loan growth may increase if GDP grows at 5.5 percent
Paresh Sukthankar
ED
HDFC Bank
Banks have been under the weather due to asset quality concerns. Though the pace of restructured loans picked up in last two quarters, HDFC Bank' s deputy managing director Paresh Sukthankar told CNBC-TV18 that the situation will take some more time to stabilise. If there are bankable opportunities, then of course, banks will be fast to capitialise on that, he said. "Loan growth may increase if GDP grows at 5.5 percent," he said.
Also Read: Expect book growth to be at 20% by fiscal-end, says L&T Finance
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HDFC Bank stock price
On July 24, 2014, at 11:09 hrs HDFC Bank was quoting at Rs 840.00, up Rs 4.10, or 0.49 percent. The 52-week high of the share was Rs 861.00 and the 52-week low was Rs 528.00.
The company's trailing 12-month (TTM) EPS was at Rs 36.81 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 22.82. The latest book value of the company is Rs 180.50 per share. At current value, the price-to-book value of the company is 4.65.
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