HDFC Bank CEO sees tailwind from lower CD ratio, strong deposit growth

CEO Sashidhar Jagdishan says merger synergies, reduced credit-deposit ratio and aggressive but prudent deposit growth put HDFC Bank on strong footing for FY26-27

HDFC Bank is now well-positioned for faster growth after successfully navigating the merger of the erstwhile mortgage lender HDFC Ltd into itself, said Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of India’s largest private-sector lender.

 

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger. The reset in loan growth and the consolidation of the merger has resulted in a much stronger bank, Jagdishan said in a message to the shareholders.

 

“The successful playing out of