HDFCBANK

HDFC Bank continues to set benchmarks in performance, with steady loan growth, improving NIMs, and industry-leading asset quality. The merger with HDFC Ltd has strengthened its balance sheet, diversified the loan book, and opened cross-sell opportunities in mortgages. While integration challenges exist, the long-term synergy story is intact. Backed by prudent management and digital-first focus, HDFC Bank remains a high-conviction compounder and a must-have core portfolio holding in the private banking space.