HDFC Bank MD expresses disappointment with deposits

HDFC Bank's MD, Sashidhar Jagdishan, expressed disappointment over deposit growth for the June quarter, attributing shortfalls to unexpected current account outflows. Despite deposits growing 24.4% YoY to Rs 23.79 lakh crore, gross advances surged 52.6%, causing a regulatory concern on credit-deposit imbalance. The bank aims to slow advance growth and reduce the credit-deposit ratio.