Q1 2025 HDFC Bank Ltd Earnings Call Transcript
Key Points
- HDFC Bank Ltd (HDB) has maintained stability in key metrics such as NIMS, CASA ratios, cost to income, GNPA, and ROEs despite a challenging environment.
- The bank has seen a steady build-up in average deposits, indicating resilience and a secular upward trend.
- HDFC Bank Ltd (HDB) has added 2.2 million new customer relationships in the quarter, showing strong ground-level activity.
- The bank's inflows from various products and deposits have been increasing, with monthly inflows up over 20% compared to the same period last year.
- HDFC Bank Ltd (HDB) has been disciplined on pricing, avoiding rate competition and focusing on engagement and service delivery to win customers.
- The bank's net accretion to deposits has fallen short of expectations, partly due to unexpected flows in current accounts.
- There has been a significant drop in borrowings over the last two quarters, which may impact the bank's leverage and growth potential.
- The unsecured personal loan growth has been sharply lower than some peers, indicating a conservative approach that may limit market share gains.
- The bank has faced challenges in meeting PSL obligations, particularly in the small and marginal farmer category, which could impact compliance costs.
- There has been a slowdown in fee income growth, with a significant portion of the growth coming from third-party products, indicating potential challenges in core banking revenue streams.
Ladies and gentlemen, good day, and welcome to HDFC Bank Limited Q1 FY25 earnings conference call on the financial results presented by the management of HDFC Bank. (Operator Instructions) 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.
Okay, thank you (inaudible). Good evening and a warm welcome to all the participants. We have Shashi Jagadishan, our MD and CEO with us today. Without much ado, I'll hand it off to him to get meeting started, and then we'll take it from there. Shashi, over to you, please.
Thank you, Srini and good evening to all of you. Yes, sort of engaging with you all after a quarter, just wanted to recap some of the guidance that we have been giving in the past couple of quarters. One of the things
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