HDFCBANK

What HDFC Bank promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 1 delivered 4 missed 14 open
  • Business Banking (MSME) Growth delivered said Q4 FY26 Promised: we've grown at about 20% year-on-year, and that will continue to also be in that range of 18% to 20%, 21% Q1 FY27: Target exceeded. MSME segment growth was reported at 22.3% YoY, above the guided range of 18-21%.
  • PSL Shortfall (SMF/Weaker Section) went quiet said Q2 FY25 Promised: percentage point or so that we do need to close Q1 FY27: Not mentioned. The original deadline of FY25 has long passed.
  • Net Interest Margin (NIM) revised down said Q4 FY25 Promised: little bit of a trough in the coming months before it starts to pick up and stabilize Q1 FY27: Guidance further weakened. Management stated margins have 'not yet bottomed out' and cost of funds opportunity will 'not change in a hurry', walking back the previous 'range bound' outlook.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 19 tracked commitments for HDFC Bank — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens