Srinivasan Vaidyanathan on deposit mix
From HDFC Bank Q4 FY26 Earnings Conference Call | Concall.in · · Concall
“The retail has always been as a proportion of total deposits has been about 80 to 85% of the total bank's deposits. Within that there is a focus on trying to see how we can garner more granular time deposits. The less than 3 crore deposits have grown which has been mobilized in FY26 on a net basis has grown up almost about 74% over the net incremental deposits for FY25 on that less than 3 crore bucket. So what constituted 31% of the total net accretion in FY25 now constitutes 47%.”
On , Srinivasan Vaidyanathan, Chief Financial Officer at HDFC Bank, spoke about deposit mix during HDFC Bank Q4 FY26 Earnings Conference Call | Concall.in on Concall.
About Srinivasan Vaidyanathan
During HDFC Bank's Q4 FY26 earnings conference call on April 18, 2026, Chief Financial Officer Srinivasan Vaidyanathan stated that the loan-to-deposit ratio is "no longer a binding constraint," noting that the bank has gained 30 to 50 basis points of market share on deposits annually over the past five years. He also discussed the bank's data infrastructure, saying it has built a "customer level, enterprise level single source of truth" and went live with a "lakehouse architecture" that he described as essential to long-term scalability and AI aspirations. Vaidyanathan added that the bank has navigated changing economic and regulatory conditions in a stable manner over the last three years, which he said will provide "huge operating leverage" in the future. In response to an analyst question about net interest margins, Vaidyanathan said that a changing borrowings mix is a favorable item that can reduce costs, but he emphasized that the bank is focusing more on returns. He indicated that if the rate cycle remains rangebound, the bank will work toward keeping returns stable or increasing them through other levers.