HDFC Bank's Strategic Growth Amidst Profit Surge

HDFC Bank has reported a 6% increase in net profit to Rs 17,825.91 crore for the September quarter on a consolidated basis. Despite challenges, the bank continues to focus on deposits and strategic loan growth, even as large-ticket corporate advances face pricing issues. Unsecured loan growth remains controlled.

HDFC Bank on Saturday announced a 6% rise in its net profit for the September quarter, reaching Rs 17,825.91 crore on a consolidated basis. This increase is credited to stable margins and strategic growth in gross advances.

The bank's Chief Financial Officer, S Vaidyanathan, articulated the institution's focus on balance sheet discipline. While deposit growth hit 15%, the bank maintained credit growth slightly below market levels in preparation for future expansion.

Challenges remain, as large-ticket wholesale advances dropped 2.8% due to pricing disputes, and corporate demand for private capex showed limited momentum. Despite these hurdles, the bank's asset quality remains robust, with a stable gross NPA ratio.