UPDATE 2-India's GDP growth hits 6-year low, more stimulus expected [Reuters (UK)]
HDFC Bank Limited (HDB)
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Source: Reuters
UPDATE 2-India's GDP growth hits 6-year low, more stimulus expected - Reuters 4 Min Read * Economy grows 5% y/y in qtr to June vs March qtr’s 5.8% * Growth pace weakest since 4.3% of Jan-March 2013 * Consumer demand, investments flag * Data increases chance of Oct interest rate cut (Recasts, adds comments, govt reaction) By Manoj Kumar NEW DELHI, Aug 30 (Reuters) - India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutting interest rates further at its next meeting. Asia’s third largest economy expanded just 5.0% year on year, official data showed on Friday, far below the 5.7% forecast in a Reuters poll of economists - and analysts believe the slowdown could persist for two or three years while much needed structural reforms are put in place. In its annual report on Thursday, the Reserve Bank of India (RBI) said a big push on infrastructure spendin
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News
- HDFC Bank Limited (NYSE: HDB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- 100 Countries with Lowest GDP Per Capita [Yahoo! Finance]Yahoo! Finance
- HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place [Seeking Alpha]Seeking Alpha
- 20 Fastest Growing Economies in Asia in 2024 [Yahoo! Finance]Yahoo! Finance
- HDFC Bank Limited (HDB) Benefitted From the Strong Growth of the Indian Economy [Yahoo! Finance]Yahoo! Finance
HDB
Sec Filings
- 5/8/24 - Form 6-K
- 5/6/24 - Form 6-K
- 5/6/24 - Form 6-K
- HDB's page on the SEC website