20 February 2011

HDFC Standard Life:: HSBC - India Investor Conference Highlights

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Looking for calmer waters
 Bancassurance has made a difference in 3QFY11. HDFC Bank collected 60% of incremental premium.
 On the cost front, the company has rationalised the cost structure by laying off employees on performance issues and
closure of redundant branches.
 3QFY11 was a rock bottom performance. Now looking to stabilise the company's performance.

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