Abhijeet's questions to HDFCBANK leadership • Q2 2025
Question
Abhijeet from AXA Mutual Fund asked about the sharp slowdown in 'other OpEx' growth, seeking to understand the drivers of these efficiencies and the expected trajectory in the near term.
Answer
CFO Srinivasan Vaidyanathan explained that the moderation in total expense growth (around 10%) is due to several factors without a single overarching strategy. He cited a moderation in headcount growth this quarter, seasonal timing of festival-related spending, and calibration of certain third-party origination expenses as contributing factors.