Friday, August 9, 2024

BANKING

India's largest private lender HDFC Bank experienced an adjustment period that might slow credit growth, said MD Sashidhar Jagdishan. The bank aimed to reduce its credit-to-deposit ratio by focusing on higher deposit growth. Advances grew by 52.6% annually, with deposits rising 24.4%. Jagdishan emphasized the bank's strategy benefits in a changing business cycle.

from Banking/Finance-Industry-Economic Times https://ift.tt/EC70ybj
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