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HDFC Bank reported a solid second quarter. Results surpassed market forecasts. Controlled expenses and stable margins supported the performance. Asset quality showed steady improvement. Fee income growth was robust. Treasury income also contributed positively. The bank maintained profitability amidst sector challenges. This performance highlights HDFC Bank's balance of growth and prudence.
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Housing secretary tells BBC Panorama widespread scepticism will make hitting target "all the sweeter".
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Rachel Reeves made the comments about the 2020 deal at a key meeting of the world's leading finance ministers and central bankers.
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