1、 Page 1 of 16 Classification-Public Classification-Public HDFC Bank Limited Q1 FY25 Earnings Conference Call July 20,2024 MANAGEMENT:MR.SASHIDHAR JAGDISHAN MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER HDFC BANK MR.SRINIVASAN VAIDYANATHAN CHIEF FINANCIAL OFFICER HDFC BANK MR.BHAVIN LAKHPATWALA-EXECU

2、TIVE VICE PRESIDENT HDFC BANK HDFC Bank Limited July 20,2024 Page 2 of 16 Classification-Public Classification-Public Moderator:Ladies and gentlemen good day and welcome to HDFC Bank Limited Q1 FY25 Earnings Conference Call on the financial results presented by the management of HDFC Bank.As a remin

3、der,all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the brief commentary from the management.Should you need assistance during this conference call,please signal an operator by pressing star then zero on your touch-tone phone.Plea

4、se note that this conference is being recorded.I now hand the conference over to Mr.Srinivasan Vaidyanathan,Chief Financial Officer,HDFC Bank.Thank you,and over to you,sir.Srinivasan Vaidyanathan:Thank you,Neerav.Good evening and a warm welcome to all the participants.We have Sashi Jagdishan,our MD

5、and CEO,with us today.Without much ado,Ill hand it off to him to get the meeting started and then well take it from there.Sashi,over to you,please.Sashidhar Jagdishan:Thank you Srini and good evening to all of you.Yes,sort of engaging with you all after a quarter,I just wanted to recap some of the g

6、uidance that we have been giving in the past couple of quarters.One of the things that we have been mentioning is that we would like to desist from providing any guidance of any form as it is providing a distraction from our long-term objective.So we would like to stay focused.This is a period of tr