HDFC Bank will "break-out" from slow loan growth period

India's largest private lender HDFC Bank experienced an adjustment period that might slow credit growth, said MD Sashidhar Jagdishan. The bank aimed to reduce its credit-to-deposit ratio by focusing on higher deposit growth. Advances grew by 52.6% annually, with deposits rising 24.4%. Jagdishan emphasized the bank's strategy benefits in a changing business cycle.