HDFC Bank Ltd (NYSE:HDB) Q2 2025 Earnings Conference Call October 19, 2024 8:00 AM ET
Company Participants
Srinivasan Vaidyanathan – CFO
Sashidhar Jagdishan – CEO, Managing Director & Executive Director
Conference Call Participants
Mahrukh Adajania – Nuvama Wealth Management
Kunal Shah – Citi
Gaurav Singhal – Aspex Management
Pranav Gundlapalle – Sanford C Bernstein
Rahul Jain – Goldman Sachs
Rikin Shah – IIFL Securities
Abhijith V. – Axis Mutual Fund
M. B. Mahesh – Kotak Securities
Saurabh Kumar – JPMorgan
Abhishek Murarka – HSBC
Prakhar Sharma – Jefferies
Chintan Joshi – Autonomous
Manish Shukla – Axis Capital
Operator
Ladies and gentlemen, good day, and welcome to HDFC Bank Limited Q2 FY25 Earnings Conference Call. As a reminder all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. [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, sir.
Srinivasan Vaidyanathan
Thank you, Nirav. Welcome to all the participants. I appreciate dialing in today. We’ll start — we have our CEO and Managing Director, Mr. Sashi Jagdishan with us. We’ll start with his opening remarks and then get back to you all. Sashi, over to you.
Sashidhar Jagdishan
Thank you, Srini, and thank you, friends. Let me first wish you a belated Dashera festivities and also wish you in advance Diwali festivities that’s going to come in next week itself.
Let me start with some of the macro environment, which we are witnessing. Liquidity has been gradually improving over the last couple of months. So that’s a bit of a good news. However, the deposit rates continue to be elevated and sticky. Probably the credit growth still outpaces deposit growth in the
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