But tiding over hurdles in new credit card origination and management churn, hold key to sustaining premium valuation HDFC Bank’s business update that was released over a week ago, reporting 16 per cent YoY growth in loans—way above the industry growth of 6.7 per cent, and strong traction in low cost CASA deposits, had suggested continued growth momentum for the private lender in the December quarter. In line with market expectations, HDFC Bank has delivered a healthy financial performance, reporting 18 per cent YoY growth in profit in December quarter, aided by healthy traction in corporate loans and trading gains, even as excess liquidity continued to weigh on the bank’s core net interest margin (NIMs).