"HDFC Bank's $21 Billion Stock Rout: What's Next for Investors?"
TL;DR Summary
India's banking sector, particularly HDFC Bank, experienced a significant stock rout, resulting in a $21 billion erosion in market value, marking the worst week for the country's top 12 largest banks since January. This decline was attributed to HDFC Bank's quarterly performance, which revealed decreasing net interest margins and weaker deposit growth, signaling a potential end to the sector's heyday.
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