HDFC Bank Limited

HDFC Bank Ltd announced ratings actions across several instruments from S&P Global Ratings Singapore Pte. Limited, Moody’s Investors Service Singapore Pte. Limited, and Moody's, including an assignment of ratings of BBB by S&P Global Ratings Singapore Pte. Limited and Baa3 by Moody’s Investors Service Singapore Pte. Limited for the proposed USD 1,750,000,000 USD Senior Notes due 2029 and USD 1,750,000,000 Fixed Rate Senior Notes, with Moody’s assigning a stable outlook; S&P Global Ratings affirmed a BBB rating and stable outlook for Tier 2 Bonds amounting to 1,000,000,000; Moody's upgraded the rating on Certificate of Deposit to A2 with a positive outlook for an amount of 500,000,000; and S&P Global Ratings Singapore Pte. Ltd. assigned a new rating of BBB for USD Senior Notes due 2029 and 2031 issued by the GIFT -City Branch.

HDFC Bank Ltd. announced reaffirmations, assignments, enhancements, and withdrawals across a range of instruments from various rating agencies, including CRISIL, which reaffirmed its AAA/Stable rating for Tier II Bonds amounting to Rs 1000 crore and maintained an A1+ rating for Certificates of Deposit; CARE Ratings Limited reaffirmed a CARE A1+ rating for Certificates of Deposit, enhancing the amount from Rs 1,50,000.00 to Rs 2,00,000.00 for two instruments, while also noting a rating report to be communicated separately and indicating a periodic review for certain facilities; India Ratings and Research Private Limited assigned and reaffirmed ratings for Certificates of Deposit with amounts of Rs 500 and Rs 1500, respectively, both carrying an IND A1+ rating; CareEdge Ratings indicated their rating reflects opinions as of a specific date; and India Ratings reaffirmed a CRISIL AAA/Stable rating for Long Term Bank Loans and affirmed a AAA rating for Tier II Bonds amounting to Rs 10,000 crore with a Stable outlook, alongside reaffirming a AAA rating for Long-term bonds, while ICRA assigned an A1+ rating to Commercial Paper and CARE assigned a rating to Loan facilities amounting to Rs 100 crore as a new issue.

HDFC Bank Limited announced today the allotment of 17,29,212 equity shares to employees, pursuant to the exercise of options/RSU’s under its Employees Stock Options Scheme s (ESOS), increasing the bank’s paid-up share capital from 15,40,93,91,686 equity shares to 15,41,11,20,898 equity shares.

HDFC Bank Limited announced today the allotment of 42,48,902 equity shares to employees through the exercise of options and Restricted Stock Units under its Employees Stock Options Scheme, increasing the bank’s paid-up share capital from Rs 15,40,51,42,784 to Rs 15,40,93,91,686.

HDFC Bank today announced conclusion of an internal review process pertaining to the arrangement with Maharashtra State Road Development Corporation (MSRDC) for garnering deposits in 2017 and 2021. Based on the findings and recommendation of the Special Disciplinary Committee of Independent Directors, the Board at its meeting held on 23 July 2026, concluded that the conduct of the employees involved constituted business overreach rather than any mala fide action, personal enrichment, or improper motive. However, keeping in view any potential divergence with the applicable RBI Directions and based on the recommendations of the Special Disciplinary Committee of Independent Directors, the Board decided to issue warning letters and monetary penalty of Rs 1 lakh for three senior employees (the Managing Director & CEO, Chief Financial Officer and Group Head - Retail Assets), and warning letters for the remaining employees.

HDFC Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 746.25, down 0.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 23790.9. The Sensex is at 76111.65, down 0.37%.HDFC Bank Ltd has eased around 6.29% in last one month.Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has eased around 2.51% in last one month and is currently quoting at 56592, up 0.22% on the day. The volume in the stock stood at 152.72 lakh shares today, compared to the daily average of 353.76 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 746.95, down 0.19% on the day. HDFC Bank Ltd tumbled 25.55% in last one year as compared to a 4.21% slide in NIFTY and a 0.33% spurt in the Nifty Bank index.The PE of the stock is 15.25 based on TTM earnings ending June 26.Powered by Capital Market - Live

The scrip has fallen 7.09% in two sessions, from its recent closing high of Rs 819.60 recorded on Friday (17 July 2026). On Saturday, the country's most valued private-sector lender had announced its earnings for the three-month period ended on 30 June 2026. HDFC Bank had reported a 4.98% increase in standalone net profit to Rs 19,059.72 crore in Q1 FY27 as against Rs 18,155.21 crore posted in Q1 FY26. Total income declined 7.08% year on year (YoY) to Rs 92,184.38 crore in Q1 FY27 from Rs 99,200.03 crore in Q1 FY26. The bank's average deposits grew 13.3% YoY to Rs 30,11,500 crore while gross advances rose by 15.4% YoY to Rs 30,60,800 crore as on 30 June 2026. Net interest income (interest earned less interest expended) grew 6.7% YoY to Rs 33,530 crore in Q1 FY27 from Rs 31,440 crore in Q1 FY26. However, its net interest margin (NIM) stood at 3.26%, remaining below the pre-merger level of around 4% seen before HDFC Bank's merger with HDFC Ltd in 2023. As per media reports, the weakness in the bank's earnings could be attributed to a higher contribution from lower-yielding corporate loans, relatively slower expansion in the retail portfolio, and continued moderation in the CASA ratio. Softer fee income and slower retail loan growth also weighed on the overall operating performance. Despite the muted quarterly performance, most research houses reportedly retained their positive stance on the stock, arguing that the current weakness is cyclical rather than structural. One research firm has reportedly reiterated its 'Buy' rating with a target price of Rs 963. While the domestic research house has acknowledged that HDFC Bank continues to lag peers such as ICICI Bank on loan growth, margins, and the CASA ratio, it believes the lender remains well placed to benefit from favourable sector trends and attractive valuations. Apart from earnings, another issue that kept investors on the fence was the lack of clarity over the CEO succession plan. As per media reports, the bank is awaiting the outcome of an additional review by its independent directors before recommending CEO Sashidhar Jagdishan's reappointment to the Reserve Bank of India (RBI). The bank has been under investor scrutiny since former chairman Atanu Chakraborty resigned in March 2026, citing concerns that certain practices were not aligned with his personal ethics. However, an external legal review completed last month found no evidence to substantiate the governance concerns Chakraborty had raised. HDFC Bank is India's largest private sector lender. As of 30 June 2026, the bank's distribution network comprised 9,694 branches and 20,958 ATMs across 4,175 cities and towns. Powered by Capital Market - Live

HDFC Bank has allotted 38,15,292 equity shares to the employees of the Bank pursuant to exercise of Options/RSU's under its Employees Stock Options Scheme (ESOS). The Paid-up Share Capital of the Bank will accordingly increase from 15,40,13,27,492 equity shares of Re. 1/- each to 15,40,51,42,784 equity shares of Re.1/- each.

Total income declined 7.08% year on year (YoY) to Rs 92,184.38 crore in Q1 FY27 from Rs 99,200.03 crore in Q1 FY26. The bank's profit before tax (PBT) stood at Rs 25,108.30 crore in the first quarter of FY27, registering a 17.92% YoY growth. Net interest income (interest earned less interest expended) grew 6.7% YoY to Rs 33,530 crore in Q1 FY27 from Rs 31,440 crore in Q1 FY26. Net interest margin stood at 3.26% on total assets and 3.40% based on interest-earning assets. Operating profit before provisions and contingencies declined 21.17% YoY to Rs 28,168.06 crore in Q1 FY27 from Rs 35,733.96 crore in Q1 FY26. Provisions and contingencies declined 78.81% YoY to Rs 3,059.76 crore in Q1 FY27 from Rs 14,441.63 crore in Q1 FY26. The total credit cost ratio stood at 0.40% for the quarter ended 30 June 2026. Operating expenses increased 4.32% YoY to Rs 18,187.49 crore in Q1 FY27 from Rs 17,433.84 crore in Q1 FY26. The cost-to-income ratio stood at 39.2%. The bank's average deposits grew 13.3% YoY to Rs 30,11,500 crore in the June 2026 quarter from Rs 26,57,600 crore in the June 2025 quarter. Average CASA deposits stood at Rs 9,57,000 crore, up 11.2% YoY. Gross advances stood at Rs 30,60,800 crore as on 30 June 2026, registering a 15.4% YoY growth. Advances under management grew 12.4% YoY. Retail loans rose 7.2%, small and mid-market enterprise loans grew 18.7%, while corporate and other wholesale loans increased 18.6%. Overseas advances constituted 1.6% of total advances. Gross non-performing assets (NPAs) stood at 1.17% of gross advances as on 30 June 2026 (0.91% excluding agricultural NPAs), compared with 1.15% as on 31 March 2026 and 1.40% as on 30 June 2025. Net NPAs stood at 0.41% of net advances. The bank's total capital adequacy ratio (CAR) under Basel III stood at 19.6% as on 30 June 2026 (19.9% a year ago), against the regulatory requirement of 11.9%. Tier 1 CAR stood at 17.8%, while the Common Equity Tier 1 (CET1) ratio stood at 17.4%. Risk-weighted assets stood at Rs 30,52,000 crore. HDFC Bank is India's largest private sector lender. As of 30 June 2026, the bank's distribution network comprised 9,694 branches and 20,958 ATMs across 4,175 cities and towns. Shares of HDFC Bank rose 1.40% to settle at Rs 819.65 on Friday, 17 July 2026.Powered by Capital Market - Live

Net profit of HDFC Bank rose 18.37% to Rs 19244.71 crore in the quarter ended June 2026 as against Rs 16257.91 crore during the previous quarter ended June 2025. Total Operating Income rose 3.67% to Rs 90575.33 crore in the quarter ended June 2026 as against Rs 87371.87 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Total Operating Income90575.3387371.87 4 OPM %35.6426.18 - PBDT27193.1620849.83 30 PBT27193.1620849.83 30 NP19244.7116257.91 18 Powered by Capital Market - Live