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A $21 billion Indian banks stock rout signals heyday may be over

A gauge of the country’s top 12 largest banks recorded its worst week since January, erasing over $21 billion in market value. Two thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth.

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​ A gauge of the country’s top 12 largest banks recorded its worst week since January, erasing over $21 billion in market value. Two thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth. A gauge of the country’s top 12 largest banks recorded its worst week since January, erasing over $21 billion in market value. Two thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth.  Moneycontrol Latest News Read More  

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