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HDFC Bank targets doubling of balance sheet every five years

HDFC Bank targets doubling of balance sheet every five years

The merger of Housing Development Finance Corporation (HDFC) into HDFC Bank offers a significant opportunity for the bank to scale up and will help it double its balance sheet every five years, HDFC Bank MD and CEO Sashidhar Jagdishan said.

Addressing sector analysts at an interaction on Tuesday, Jagdishan sought to allay the investor community’s concerns about the proposed merger. “Growth is not going to be an issue at all. It’s going to be pouring out of your ears,” Jagdishan said. The only limiting factor will be liabilities and the bank has a strategy for that, he said.

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