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India's HDFC Bank better than peers in terms of deposit growth, asset quality - Morgan Stanley



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** HDFC Bank HDBK.NS, India's top private lender, is ahead of its peers in terms of deposit growth and asset quality, says Morgan Stanley

** HDBK's Form 20-F filing shows CASA (current account and savings account) franchise remains the best among peers like ICICI Bank ICBK.NS and Axis Bank AXBK.NS, says MS

** It prefers HDBK among its banking coverage and expects strong growth and healthy profitability for the lender over the medium term

** Brokerage reiterates "overweight" rating on the stock and a price target of 1,900 rupees, an implied upside of 16% from last close

** HDBK rises 1.5% and is the top gainer on Nifty 50 .NSEI, which is down 0.9%



Reporting by Bharath Rajeswaran in Bengaluru

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