HDFC Bank pares initial gains; brokerages positive amid greater provisioning in the fourth quarter
HDFC Bank: Despite HDFC Bank’s shares opening positively, the lender’s Q4 profitability fell short of expectations due to increased provisioning. By 9:17 am, the stock was down 0.6% at Rs 1522.15. In Q4, the bank posted a standalone net profit of Rs 16,500 crore, compared to Rs 16,400 crore in the previous quarter. According to…