HDFC Bank is trading 7.6% down at $24.38 after reporting June-quarter earnings that triggered significant profitability concerns among investors.
- Net interest margins (NIM) declined to multi-quarter lows, overshadowing a 5% year-on-year rise in net profit.
- While the bank saw robust loan growth of 15.4%, the compression in margins led to a sharp post-earnings selloff in the stock.