HDFC Bank Limited (HDB) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Q1 FY26 earnings conference call. As a reminder, all participant lines will be in the lesson only mode and there will be no opportunity for you to ask questions after the brief commentary by the management. She will need assistance during this conference call. Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. And now at the conference, O. M. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. Thank you and over to Mr. Vaidyanathan. Thank you. Thank you, Neera. Good evening and welcome to all the participants today. We have Sachin Genish, our CEO and MD with us this evening. We'll hand it off to him for opening remarks, then we'll get back to you. Sachin, over to you for opening remarks, please. Thank you, Srini, and thank you all on the call to join us on a Saturday evening. Let me just start off with a little bit of what we see on the macro. You all know this much better, but let me summarize. The global situation remains pretty volatile with a weakening growth outlook amid terrorist-related and geopolitical uncertainties. Within this context, India remains a relatively better place, supported by a stable macro environment. For this fiscal, we expect GDP growth to sustain, supported by pickup and improved performance of domestic factors. Normal monsoons, income tax cuts that you saw in the last budget, benign food inflation as you have been recently seeing the prints on inflation, all go very well for domestic demand, especially during the festive season. Concerned policy and impetus, which we have been seeing right from January, February of this year till until recently, support sustainable growth. Coming to our performance, let me just recap as to how we traversed this over th...