HDFC Bank sees period of consolidation as it absorbs mega merger

HDFC Bank, India's largest private sector lender, anticipates a 4-5 year period of consolidation following its merger with parent company HDFC in July 2023. The bank aims to restore return on equity to pre-merger levels, with a focus on profitable growth. Concerns were raised after the bank's recent quarterly earnings showed a decline in lending margins and sluggish deposit growth.
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