19
Jul
Shares of HDFC Bank dipped over 3 per cent on Monday as the company’s June quarter earnings failed to impress investors. At 3.57 pm, the banks stock went lower by 3.34 per cent to Rs 1,470.95 on the BSE and it dipped 3.28 per cent to Rs 1,472.40. HDFC Bank’s consolidated net profit for the June quarter increased 14 per cent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic, which compressed its growth. When compared with the preceding March quarter’s Rs 8,434 crore, there was a decline in…