HDFC Bank shares gain 2% after Q1 business update shows double-digit growth in loans, deposits
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Shares of HDFC Bank rose over 2% in early trade on Monday after the country's largest private sector lender reported healthy double-digit growth in advances and deposits for the June quarter (Q1FY27).
Reacting to the Q1 business update, HDFC Bank shares gained as much as 2.12% to hit an intraday high of ₹818 on the BSE, taking its market capitalisation to ₹12.56 lakh crore. The banking heavyweight has delivered a negative return of nearly 18% year-to-date (YTD), although the stock has gained more than 10% over the past one month.
HDFC Bank, in an exchange filing dated July 4, said its average advances under management stood at ₹30.39 lakh crore during the June 2026 quarter, registering a 10.8% year-on-year (YoY) increase from ₹27.42 lakh crore in the corresponding quarter last year.
"The Bank's average advances under management... were ₹30,386 billion for the June 2026 quarter, a growth of around 10.8% over ₹27,423 billion for the corresponding June 2025 period," the bank said in its exchange filing.
On a period-end basis, advances under management rose 12.4% YoY to ₹31.27 lakh crore as of June 30, 2026. Meanwhile, gross advances increased 15.4% YoY to ₹30.61 lakh crore, reflecting continued credit growth.
On the liabilities side, HDFC Bank reported healthy deposit mobilisation. Average deposits increased 13.3% YoY to ₹30.11 lakh crore during the quarter.
"The Bank's average deposits were ₹30,114 billion for the June 2026 quarter, a growth of around 13.3% over ₹26,576 billion for the corresponding June 2025 period," the lender said.
Average CASA (current account savings account) deposits rose 11.2% YoY to ₹9.57 lakh crore, while average time deposits grew 14.3% YoY to ₹20.54 lakh crore.
At the end of the June quarter, total deposits stood at ₹31.71 lakh crore, registering a 14.7% YoY increase. Period-end CASA deposits rose 9.4% to ₹10.26 lakh crore, while time deposits expanded 17.4% to ₹21.45 lakh crore.
HDFC Bank is scheduled to announce its financial results for the quarter ended June 30, 2026, on July 18.
For FY26, the bank reported a consolidated net profit of ₹76,025.97 crore, up 7.4% from ₹70,792.25 crore in the previous financial year. On a standalone basis, net profit for the March quarter rose 9% year-on-year to ₹19,221 crore from ₹17,616 crore in Q4FY25. Net interest income (NII) increased 3.2% to ₹33,080 crore from ₹32,070 crore a year earlier, while provisions declined 18.3% to ₹2,609.57 crore, supporting profitability. Asset quality also improved, with the gross non-performing asset (GNPA) ratio easing to 1.15% as of March 31, 2026, from 1.33% a year earlier.
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