Q4 2026 HDFC Bank Ltd Earnings Call Transcript

Apr 18, 2026 / 10:30 AM GMT

Transcript

Key Points

Positve

HDFC Bank Ltd (HDB) achieved a credit growth of 12%, surpassing the estimated system growth of 10.5% to 11.5%.
Deposit growth rate was strong at 14.4%, outpacing credit growth and the system growth rate.
The bank's return on assets remained stable at 1.9% due to cost efficiencies, with a decline in the cost-to-income ratio from 40.5% to 39.5%.
Significant investments in technology and distribution have doubled the number of branches to 9,700 and customers to 100 million.
HDFC Bank Ltd (HDB) maintains a strong capital position at 19.7% and healthy asset quality with gross NPAs at 1.15%.

Negative

The yield on assets experienced a faster transmission than deposits, leading to a drop in net interest margin (NIM).
There is a geopolitical risk that could impact corporate growth and overall economic conditions.
Retail loan growth remains in single digits, indicating room for improvement in this segment.
The third-party distribution fee growth was modest at 3.5%, lagging behind overall customer growth.
The bank's cost of funds has not fully repriced, indicating potential future pressure on margins.

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

HDBK.NS - HDFC Bank Ltd
Q4 2026 HDFC Bank Ltd Earnings Call
Apr 18, 2026 / 10:30AM 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 HDFC Bank Limited Q4 and Full Year FY 2026 Earnings Conference Call on the financial results presented by the management of HDFC Bank.

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

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

Please note that this conference is being recorded.

I now hand the conference over to Mr. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank.

Thank you and over to you Mr. Vaidyanathan.

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