1、 “HDFC Bank Limited Q4 FY 25 Earnings Conference Call”April 19,2025 MANAGEMENT:MR.SASHIDHAR JAGDISHAN MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER HDFC BANK LIMITED MR.SRINIVASAN VAIDYANATHAN CHIEF FINANCIAL OFFICER HDFC BANK LIMITED MR.BHAVIN LAKHPATWALA EXECUTIVE VICE PRESIDENT,INVESTOR RELATIONS

2、 HDFC BANK LIMITED HDFC Bank Limited April 19,2025 Page 2 of 17 Moderator:Ladies and gentlemen,good day,and welcome to HDFC Bank Limited Q4 FY 25 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 aft

3、er the presentation concludes.Should you 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.I now hand the conference over to Mr.Srinivasan Vaidyanathan,Chief Financial Officer,HD

4、FC Bank.Thank you,and over to you,sir.Srinivasan Vaidyanathan:Okay.Thank you.Good evening,and welcome to all.We have with us Sashi Jagdishan,MD,and CEO.Well request him to give some opening remarks before we can jump in.Sashi,over to you for any remarks that you have.Sashidhar Jagdishan:Thank you Sr

5、ini and thank you all for joining in on a Saturday evening.You probably would have seen the press release and the investor presentation that the team would have put it up.So let me give you a very brief context as to how we have done on a broad basis before Srini takes over some of the finer points.

6、Within the global context,we believe India is well placed.RBI has recently commenced cutting rates.The moderation in food inflation and headline inflation also augurs well.Weve already seen 2 rate cuts and the change in stance from neutral to accommodative is a welcome relief to all of us.RBI intend