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India's HDFC Bank slips after quarterly profit misses estimates

By Reuters News04:07 (UTC), 19 October 2026 Updated

** HDFC Bank HDBK.NS shares down 2.1%

** Co reported 4.7% rise in Q2 profit, slightly missing analyst estimates

** Standalone net profit at 195.10 billion rupees ($2.06 billion) vs 186.41 billion rupees a year earlier

** Lender says its deputy managing director Kaizad Bharucha will step down at the end of December

** Separately, peer ICICI Bank ICBK.NS posts 20.1% rise in Q2 profit, above analyst estimates

** 38 of 40 brokerages rate HDBK "buy" or higher; their median PT is 963 rupees - LSEG-compiled data

** YTD, HDBK down 26% vs ICBK up 4.3%

($1 = 94.8050 Indian rupees)

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