HDFC Bank Aims to Outpace Industry in FY27 Credit Growth, Says CEO Jagdishan

HDFC Bank is aiming to outpace the banking industry in credit growth in FY27 while continuing its strong performance in deposit mobilisation, according to MD & CEO Sashidhar Jagdishan in the bank’s latest annual report.

Aggressive Targets for Advances and Deposit Market Share

Jagdishan highlighted that HDFC Bank has already captured a significant 14.6% share of the incremental deposits mobilised in FY25, reflecting the bank’s continued strength in resources mobilisation. He stated that while the bank will aim to grow advances in line with industry trends in FY26, it plans to surpass industry growth in FY27.

Despite having just 5% of the industry’s branch network, the bank commands nearly 11% share in total deposits, showcasing the strength of its brand and reach.

Growth in Advances and CASA Integration

In FY25, HDFC Bank’s advances rose by 5.4%, while deposits grew by 14.1%. Jagdishan noted a sharp improvement in cross-selling as over 95% of incremental home loan customers also opened CASA accounts, with more than half of them availing additional products, indicating deepening customer relationships post the merger with HDFC Ltd.

Post-Merger Synergies and Strategic Direction

The merger of HDFC Ltd with HDFC Bank in July 2023 made it the largest bank by balance sheet size in India. Jagdishan termed the reduction in credit-deposit ratio and successful deposit mobilisation as key post-merger tailwinds. Using a cricket analogy, he remarked, “We focused on taking singles in the year that concluded and are now positioned to go for the boundaries.”

GenAI-Powered Digital Transformation

The bank is pushing forward on the technology front by implementing 15+ GenAI-driven lighthouse programmes to drive innovation and resilience. A major goal is to pre-empt and eliminate recurring customer issues using AI, thereby enhancing service quality.

HDFC Bank Share Price Performance

On July 16, 2025, HDFC Bank share price opened at ₹2,018.00, up from its previous close of ₹1,995.50. At 9:25 AM, the share price of HDFC Bank was trading at ₹2,007.00, up by 0.58% on the NSE.

Also Read: HDFC Life Q1FY26 Results: Market Shares Rose to ~12%, AUM Soared Double-Digit!

Conclusion

With deposit mobilisation, improved credit-deposit metrics, and a tech-focused growth strategy, HDFC Bank is well-positioned to scale operations and exceed industry growth in the years ahead. All eyes are now on its Q1 results, scheduled for July 19.

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