HDFC Bank Limited (HDB) Q4 2026 Earnings Call Transcript

SA Transcripts159.35K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call HDFC Bank Limited (HDB) Q4 2026 Earnings Call April 18, 2026 6:30 AM EDT Company Participants Srinivasan Vaidyanathan - Chief Financial OfficerSashidhar Jagdishan - MD, CEO & DirectorKaizad Bharucha - Deputy MD & Director Conference Call Participants Mahrukh AdajaniaNitin Aggarwal - Motilal Oswal Securities Limited, Research DivisionKunal Shah - Citigroup Inc., Research DivisionPranav Gundlapalle - Bernstein Institutional Services LLC, Research DivisionSeshadri Sen - Emkay Global Financial Services Ltd., Research DivisionRikin Shah - IIFL ResearchAbhishek Murarka - HSBC Global Investment ResearchPiran Engineer - CLSA Limited, Research Division Presentation Operator Ladies and gentlemen, good day, and welcome to HDFC Bank Limited Q4 and Full Year FY 2026 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, Mr. Vaidyanathan. Srinivasan VaidyanathanChief Financial Officer Thank you. Thank you, Nirav. Good evening, and warm welcome to all the participants. Today, we have with us our Chairman, Mr. Keki Mistry; our CEO, Mr. Sashi Jagdishan; and our Deputy Managing Director, Mr. Kaizad Bharucha. I will hand off for opening remarks to Sashi. Over to you, Sashi, then we can get on to the other agenda. Sashidhar JagdishanMD, CEO & Director Thank you, Srini, and thank you all. Good afternoon to you, and welcome to the full year FY '26 annual results call. Let me dive straight into the key aspects of FY '26 performance. We had estimated the system credit growth to be around 10.5% to 11.5%. We did 12%, up from 5.5% last year. As you can see, there is positive momentum as we had expected. Deposit growth rate at 14.4% continues to grow faster than the credit growth, which is what we've always been doing. The growth rate is better than the