HDFC Bank has slowed the opening of new accounts, according to the report. The bank’s decision comes despite ongoing deposit activity that remains central to its funding. NDTV reports that the lender says the slowdown is not primarily driven by a lack of customer demand. Instead, it frames the change as being linked to internal or operational considerations around how it manages the onboarding of new customers. The reporting does not attribute the decision to broader external factors such as market downturns or regulatory action, and it presents the bank’s position that customer interest is not the main driver. The account-opening pace is therefore described as a deliberate adjustment rather than a response to declining demand. Overall, the coverage emphasizes that while deposits continue to be a key part of the bank’s business, the rate of opening new accounts has been temporarily reduced for reasons the bank says have limited connection to demand.