A muddled start for HDFC Bank’s Sashidhar Jagdishan

A year in as chief, it looks like an uphill battle as the bank continues to window dress its metrics and gloss over questionable practices.

Numbers can be magical. One look at HDFC Bank’s 2021-22 second quarter earnings bears this out. It beat estimates by posting a 17.6% jump in profits and a similarly impressive 12.1% rise in net interest income, or the difference between what it earns from its lending activities and what it pays depositors. In the same three months ending September, the bank’s gross non-performing assets ratio stood at a mere 1.36%, the lowest in the industry. In the stock market, HDFC Bank has been the banking industry’s bellwether for years now and continues to be the third most valued company in …


Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.





Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking