HDFC Bank, ICICI Bank likely to post steady Q4; focus on commentary

The Reserve Bank of India (RBI) has approved the appointment of board member and HDFC Group veteran Keki Mistry as interim part-time chairman for three months from March 19, HDFC Bank said in a late night announcement following his resignation. Chakraborty’s departure comes at a time when the lender is making balance sheet adjustments following its merger with erstwhile HDFC Ltd, high loan-to-deposit (CD) ratio and short-term margin pressures.