HDFC Bank’s CEO, Sashidhar Jagdishan, reported that the bank is currently in an “adjustment” phase, which may slow credit growth temporarily. This is due to the macro environment and the impact of the recent merger with HDFC Ltd. The bank aims to improve its credit-deposit ratio, currently at 104%, for future growth. Long-term shareholder value is a priority.
HDFC Bank to ‘Break Out’ After Adjustment Phase
