HDFC Bank

“So, net of that, we still think that there can be neutral to positive on the margin as we go forward. And I don't want to get to whether what is the next quarter and the following quarter, and so on. But from a trajectory point of view, I think that it is at the bottom.”

“The trajectory will be upward from the next quarter onwards.”

“The pace of retail disbursements is accelerating and has crossed Rs 90,000 crores during Q2 FY27 as against Rs 76,000 crores in Q1 of this year.”

“loan book, especially for retail assets ex agri, September'26 annual growth is about 11.2% compared to 9.1% as of June'26 and 7.4% as of March'26.”

“New credit card issuances at 1.4 million have grown by nearly 19% quarter-on-quarter, indicating the expansion of the growth runway.”

“September'26 EOP loan growth has grown 23.5% year-on-year compared to 17% to 18% year-on-year growth levels seen in the last few quarters.”

“Yes, sequentially, the corporate bank has grown 2.8% in this quarter. Year-on-year, it is about 16.4%”

“We added about 1.7 million liability relationships in the second quarter, which is 25% higher than Q1 and 33% higher than the fourth quarter of last year.”

“For example, the savings accounts per branch per day have gone up by 19% in the last few months, between Q2 and Q1. Core incremental deposits per branch per day is up 2.3 times from Q1.”

“Daily disbursal run rate of key retail and MSME products are up by 10% to 20% versus the prior quarter.”

“The fact of the matter is a lot of our distribution, which has doubled over the last 5 years, will start to mature as we move to the next 5 years.”

“You will see business banking continuing to grow. We see the momentum there. We are seeing it in the economy and the mid MSME is certainly doing well out there.”

“optimism stemming from the fact that the net interest margins, which in recent times has borne the brunt of faster repricing of assets and a lag in cost of funds, in a down rate cycle is also positioned for a reversal as we enter the upward rate cycle.”

“you'll see that our cost of funds is flat quarter-to-quarter, at about 4.4% last quarter to this quarter. Sequentially, it has remained flat.”

“Ideally, we would have expected that to be better. Better means lower. It didn't because of the mix of the FCNR deposits that came in.”

“Whether it is a wholesale segment or retail segment, the return on asset is very similar and comparable.”

“You know that our cost to assets is at about 1.74, 1.73 thereabouts, which again is low.”

“Deposits increased 18.8% year-on-year on a reported basis, including a 4 percentage point lift from special FCNR (B) window.”

“CASA grew at about 10.8% on an overall basis. And within this, retail CASA growth was about 11.2% year-on-year compared to 9% a year ago, reflecting improving momentum.”

“I think as we restructure and have alternate strategies on the balance sheet, including some amount of non-deposit strategies, I think we probably will have the proportion of retail becoming larger and larger”

“So, if you look at the deposit growth that we have had, 1.57 trillion, almost 1.3 trillion is the growth in time deposit.”

“And also, one other aspect that in the cost of funds that you see is also some relief from the AT1 bonds that were called in August on the callable date.”

“In the area of digital safety for customers, we've introduced Edge Security.”

“As my long innings at HDFC Bank come to an end, I would like to say that it has been an absolute privilege to lead this organization”

“I'm really grateful to the Board for the trust placed in me as MD and CEO.”

“I will soon present a perspective on growth, margins, quality and productivity built on disciplined capital deployment and a strong execution culture grounded in governance, excellence and trust.”

“So, these are some of the things that will be a part and parcel of his thought process as he unveils to the world at large, including yourselves in probably a month's time or so.”

“I think the world would have just got another notification to the exchanges that our dear colleague, Kaizad, has requested for an early retirement by end of December.”

“The bank's well-balanced performance translated to ROA of 1.8%, which has been the range that we've been there for a very long time, and quarterly PAT of Rs 19.5 billion, which is a growth of 12.7% approximately if you exclude the trading gains.”

“Our asset quality remains pristine, with GNPA at 1.11%, 13 basis points lower than year-”

“Credit costs remain low at 44 basis points, the risk weights to total assets at 69%.”

“This quarter, we did have kind of an outflow of some of these large deposits in multiple such segments, which I've just alluded to, which is actually masking it.”

“Having said that, the actual sowing, for the kharif season has more or less remained constant with a marginal decrease of about 1.5% or 2%.”

“As of now, as of September, compared to June, our gross NPA on agri has remained largely constant. We've not seen any signs of concern or deterioration.”

“The turnaround times on product deliveries have come down anyway between 10% and 15% in a short span of time, while service delivery TATs have come down by 30% during the quarter.”

“I think the technology investments is on the cusp of being harnessed much more than what we had. I think it's coming out of the investment phase.”

“move on to technology as well, because technology investments are going to be extremely intense and large going forward.”

“But when you look at a longer period, let's say, take a five- or a six-year period, we have added 10% compounded annual rate of growth on head count, 10% we have added. And we've got volumes which are like high teens, 18%, 19% thereabouts”

“Total AUM grew 15.3% year-on-year, including a 1.9% impact of FCNR (B) leverage, with SME and retail assets leading the charge.”