HDFC Bank merger: CEO Sashidhar Jagdishan bank to focus on profitable growth, bring down credit-to-deposit ratio to pre-merger levels

HDFC Bank, following its merger with subsidiaries, is focusing on profitable growth and maintaining high asset quality. CEO Sashidhar Jagdishan emphasized the bank's strategic shift and updated balance sheet composition, highlighting increased borrowing and a recalibrated liability profile. The bank aims to enhance financial stability through granular deposit mobilization and reducing the credit-to-deposit ratio. Jagdishan also stressed cybersecurity measures, including AI and ML technologies to combat fraud, underscoring the bank's commitment to customer protection. Additionally, HDFC Bank plans to expand its physical and digital presence, adding over 900 branches to bolster deposit base and customer engagement, particularly in the mortgage business amid India's urbanization trend.