HDFC Bank Limited (HDB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day and welcome to HTC Bank Limited Q2 FI26 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. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. 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 Mr. Vaidyanathan. Thank you, Nirav. Good evening and welcome to all the participants on a very busy day. Without much ado, let me get to our CEO and MD, Sashi Jaigrishan for his opening remarks before we get on. We also have Kaisar Barucha, our Deputy Managing Director. We will also get him at some point. Please, Sashi, forward to you. Good evening, friends. First, let me wish all of you Shubha Dhanteris and Shubha Deepavali. So, first, let me start with the macro. Global outlook remains very volatile thanks to the uncertainty related to tariffs and immigration policies. However, the domestic economy appears to be getting stronger and The triad of fiscal and monetary measures, whether it is the direct tax reductions, the GST reductions, or the up-fronting of interest rate cuts, I think have galvanized economic activity in the recent past. The headline inflation has been printing very low, thanks to the low food inflation. this probably gives the Monetary Policy Committee to maneuver on future interest rate actions. We've had strong rainfall in most parts of the country. The GST rate changes have created a lot of buzz in the market in the later part of September onwards. And coming to the bank, The improvements i...