Will take a few quarters to move retail-wholesale mix back: HDFC Bank CFO

In a Q&A, Srinivasan Vaidyanathan says the lender expects to reduce employee turnover at the junior level with the introduction of RSUs

The country’s largest private sector lender HDFC Bank, which will be merging with mortgage lender HDFC, requested the regulator for the glide path to meet the cash reserve ratio and statutory liquidity ratio requirements. Srinivasan Vaidyanathan, chief financial officer of HDFC Bank, says the glide path will enable the bank to continue to support the economy by making funding available for lending as against kept in reserves in an interview to Manojit Saha. Edited excerpts:

Q1. What is the update on the HDFC Bank–HDFC merger? You've asked for more time to meet CRR/SLR and priority sector requirements. Has the regulator