Retail spending is on a highway, promising strong growth and the bank would press the accelerator on branch expansion as it looks to bring back its industry-leading profitability, Srinivasan Vaidyanathan, chief financial officer, HDFC Bank, told the media.
During the quarter, the lender’s asset quality deteriorated with the percentage of gross non-performing assets (NPAs) rising to 1.34 per cent from 1.17 per cent in the April-June period