Q2 2026 HDFC Bank Ltd Earnings Call Transcript

Oct 18, 2025 / 12:30 PM GMT

Transcript

Key Points

Positve

HDFC Bank Ltd (HDB) has seen an acceleration in loan growth across various segments, driven by improvements in economic activity.
The bank continues to gain market share in deposits, maintaining a disciplined pricing strategy.
Investments in technology and distribution are expected to create operating leverage over the medium to long term.
The bank maintains a healthy asset quality with stable metrics such as NIMs, cost to earnings, and return on assets.
HDFC Bank Ltd (HDB) has successfully reduced turnaround times for home loan sanctions, enhancing customer experience.

Negative

Net Interest Margin (NIM) compressed by about 8 basis points due to front-loading of interest rate cuts.
The cost of funds improvement is slower compared to peers, partly due to longer duration liabilities.
The bank's deposit growth was only 1.2 times the industry average, indicating a potential slowdown.
There is a competitive pricing environment in the home loan market, affecting the bank's ability to grow at par with the industry.
The bank's credit card book growth has been tepid despite high card issuances and spends, due to cautious credit line management.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HDBK.NS - HDFC Bank Ltd
Q2 2026 HDFC Bank Ltd Earnings Call
Oct 18, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to HSC Bank Limited Q2 526 earnings conference call.

As a reminder, all participant lines will be in the less only mode, and there'll be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing 0 on your touchtone phone.

Please note that this conference is being recorded.

I now have the conference. Mr. Shinivasan Vedanathan, Chief Financial Officer, HDFC Bank.

Thank you and to you Mr. Vedanathan.

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Unidentified_2 [2]
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