HDFC Bank Limited has informed the Exchange about Transcript
HDFCBANK · price
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HDFC Bank reported FY26 credit growth of 12% (vs 5.5% in FY25), with deposits growing faster at 14.4%. Net income grew 11% and EPS grew 10% despite NIM compression from faster asset repricing vs deposits. Return on assets remained stable at 1.9% due to cost efficiencies (cost-to-income improved from 40.5% to 39.5%). The bank has 100 million customers, 9,700 branches, and ~$1 billion in tech investments. Corporate loan growth of 13% is expected to sustain, while retail growth has stepped up over the last 3 quarters across auto, personal loans, mortgages, and gold loans. MSME business banking grew 20% YoY. The bank is building operating leverage through AI implementation (5 use cases live, 14 in development). LCR is maintained at 114% with a target range of 110-120%.
Strong deposit franchise growth and improving cost efficiency should support returns. The bank remains focused on ROA rather than NIM as the key performance metric, with operating leverage expected to enhance returns over the next 1-3 years.