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HDFC Bank: Still A Reliable Long-Term Pick? | Check Target Price For 2025 | HDFC Bank Brokerage View
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HDFC Bank, India's largest private sector bank, recently surpassed a market capitalization of Rs 14 lakh crore for the first time. Leading brokerage firm Stoxbox has initiated a 'buy' recommendation for the stock, highlighting the bank's reliability as a long-term investment. The firm noted that following HDFC Bank's merger with HDFC, it is optimizing its loan-to-deposit ratio. Stoxbox also expects anticipated rate cuts in FY25 to stabilize Net Interest Margins (NIMs), projecting them to rise to 4% in the next two years.
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