No sparks visible in Q3FY22 results of financial sector's leaders

HDFC Bank's quarterly show was in-line; Bajaj Finance was ahead on some metrics but low penetration of new app disappointed

Two market leaders in their respective segments have declared results for the quarter ended December 31, 2021 (Q3FY22). HDFC Bank is perhaps the most highly valued bank in the world and the results — which were announced over the weekend — were more or less in line with expectations.

Bajaj Finance is a market leader in the NBFC segment and also highly valued. It beat the Street estimates on some metrics but there was overall disappointment with the low penetration of its new app. The stock has lost over 3 per cent since the results were declared.

HDFC