HDFC Bank plans to grow advances slower than deposits to lower credit-deposit ratio post-merger.
HDFC Bank, India's largest private sector lender, plans to grow its advances slower than deposits to bring down its credit-deposit ratio to pre-merger levels. Following its merger with HDFC Ltd., the bank aims to maintain adequate liquidity buffers, repay HDFC borrowings, and focus on profitable lending sources. MD and CEO Sashidhar Jagdishan stated that during this time of adjustment, the bank will grow its advances at a slower pace than deposit growth.
July 18, 2024
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