HDFC Bank's MD, Sashidhar Jagdishan, expressed disappointment over deposit growth for the June quarter, attributing shortfalls to unexpected current account outflows. Despite deposits growing 24.4% YoY to Rs 23.79 lakh crore, gross advances surged 52.6%, causing a regulatory concern on credit-deposit imbalance. The bank aims to slow advance growth and reduce the credit-deposit ratio.
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