Atanu Chakraborty, Part-time Chairman and Independent Director, HDFC Bank Limited – In a challenging global economic environment, HDFC Bank demonstrated significant resilience and steady progress during the financial year 2024-25. This period marked the first full year of operations following the successful integration of HDFC Limited, transforming the bank into a comprehensive financial conglomerate with a strengthened, larger-scale presence across banking, insurance, and asset management. Despite external headwinds, the bank delivered a strong financial performance, characterized by robust profit growth and excellent asset quality. Key strategic priorities included enhancing governance frameworks to meet the standards of a systemically important bank, investing in technology to improve customer experience, and a deep commitment to social responsibility, positively impacting over 10 crore lives. A major milestone was the successful IPO of its subsidiary, HDB Financial Services. The Chairman expressed confidence that the bank’s integrated model and dedicated team position it well to navigate future uncertainties and continue its growth trajectory.
Sashidhar Jagdishan, Managing Director & Chief Executive Officer, HDFC Bank Limited – In his message, MD & CEO Sashidhar Jagdishan positioned the financial year 2024-25 as a crucial period of consolidation and progress following the merger with HDFC Limited. He highlighted the bank’s successful strategic repositioning, where it deliberately moderated loan growth while significantly increasing deposits to strengthen the balance sheet and reduce the credit-to-deposit ratio. This disciplined approach did not compromise financial health, as the bank delivered robust profit growth and maintained its best-in-class asset quality. Mr. Jagdishan emphasized that the merger synergies are now creating significant tailwinds, with the mortgage business acting as a powerful catalyst for customer acquisition and cross-selling. Looking forward, he underscored the bank’s heavy investment in technology, particularly Generative AI, as a key driver for future transformation. He concluded with a confident outlook, using a cricket analogy to state that after a year of consolidation (“taking singles”), the bank is now fully prepared for a phase of accelerated growth (“to go for the boundaries”).