Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
HDFC Bank Ltd. HDB, -1.02% 500180, -0.47% disclosed Monday that the India-based bank reported fiscal second-quarter standalone revenue that grew 33.1% to INR380.93 billion to beat the FactSet consensus of INR374.33 billion. Net interest income rose 30.3% to INR273.85 billion and non-interest revenue jumped 41% to INR107.08 billion. The U.S.
-listed stock was little changed in premarket trading. Separately, the bank disclosed that its board of directors has re-appointed Sashidhar Jagdishan as chief executive officer for three years, through Oct. 26, 2026. The stock has lost 13.9% over the past three months through Friday, while the iShares MSCI India ETF INDA, +0.32% has gained 0.5% and the S&P 500 SPX, -0.50% has slipped 3.9%.
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