HDFC Bank Limited — Investor Meet, 24-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HDFC Bank saw strong FY26 with 12% credit growth and 14.4% deposit growth. Net income grew 11%, EPS 10%. Return on Assets held steady at 1.9% due to cost efficiencies (cost-to-income 39.5%) and lower credit costs. Capital is strong at 19.7% with healthy 1.15% gross NPAs. Past tech and distribution investments (9,700 branches, 100M customers) are set to drive future ROA. Focus on granular, sustainable deposits saw less than INR 3 Cr retail liabilities form 47% of incremental deposits. Growth outlook is positive, and while NIMs face rate cycle uncertainties, the bank prioritizes consistent ROA and EPS.