HDFC Bank CEO, Sashidhar Jagdishan, is confident that the bank will grow its advances in line with the industry in fiscal 2026 and surpass it the following year.
In the last fiscal year, the bank reported a 10.7% increase in net profit and a 13% growth in net interest income, while maintaining a healthy asset quality.
The bank's balance sheet expanded by over 8% to Rs 39,10,199 crore. Gross NPAs stood at 1.33% of Gross Advances, with advances growing by 5.4% and deposits by 14.1%.
HDFC Bank aims to reduce high-cost borrowings, bring down the credit-to-deposit ratio, and focus on quality growth. The bank's CEO believes that they have successfully navigated a merger and are now well-positioned for faster growth.