HDFC Bank met forecasts with a 30 per cent rise in quarterly profit led by higher loan growth, fee income and stable asset quality.
The consortium might get about Rs 1,000.
India will soon allow corporate houses to open banks despite misgivings within the RBI.
The key lending rate is now 9.7 per cent.
Since a week ago, better-than-expected results from Infosys Limited, Tata Consultancy Services Limited and HCL Technologies Limited sparked a 13 per cent rally in the sector subindex that grinded to a halt on Friday.
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