HDFC Bank Ltd

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

The key equity benchmarks witnessed modest gains in early trade despite mixed global cues. Investor sentiment remained supported by selective buying in frontline stocks, helping the domestic indices extend gains, with the Nifty traded above the 24,100 level. Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction. Consumer durables, IT and auto shares witnessed buying interest, while realty, media and private bank stocks traded lower. At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 232.17 points or 0.30% to 77,421.22. The Nifty 50 index added 65.90 points or 0.28% to 24,144.10. In the broader market, the BSE 150 MidCap Index rose 0.02% and the BSE 250 SmallCap Index climbed 0.24%. The market breadth was strong. On the BSE, 1,761 shares rose and 1,101 shares fell. A total of 156 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 735.83 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 704.93 crore in the Indian equity market on 15 July 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper declined 0.30% to 6.755 compared with the previous session close of 6.775. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 96.2250 compared with its close of 96.2500 during the previous trading session. MCX Gold futures for 5 August 2026 settlement declined 0.39% to Rs 1,41,297. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.07% to 101.17. The United States 10-year bond yield advanced 0.13% to 4.551. In the commodities market, Brent crude for September 2026 settlement declined 34 cents or 0.40% to $84.61 a barrel. Stocks in Spotlight: HDFC Bank shed 0.09%. The bank said that the Reserve Bank of India (RBI) has approved the appointment of Rajiv Kumar as the part-time chairman of the bank for a period of three years w.e.f. 15 July 2026. Angel One declined 1.43%. The broker reported a robust financial performance for the quarter ended 30 June 2026, with consolidated net profit surging 102.14% year on year to Rs 231.40 crore in Q1 FY27 from Rs 114.47 crore in the corresponding quarter of the previous year. Total revenue from operations jumped 25.35% YoY to Rs 1,429.69 crore in the quarter ended 30 June 2026. Artson fell 4.98% after the company reported that its standalone net loss of Rs 0.41 crore in Q1 FY27 as against net profit of Rs 0.22 crore in the corresponding quarter of the previous year. Revenue from operations declined 41.59% year on year (YoY) to Rs 26.13 crore during the quarter. Global Markets: Asian shares fell on Thursday as chipmakers stumbled ahead of result from bellwether Taiwan Semiconductor Manufacturing Co's (TSMC), the world's largest manufacturer of advanced AI chips. Bonds, however, benefited from another benign reading on U.S. inflation that lessened the risk of an imminent rate hike. In a related development, South Korea's central bank raised interest rates for the first time in three and half year period to 2.75% on Thursday to stabilise a slumping won and counter persistent inflationary pressure. The decision was largely as expected. On the other side, oil prices kept climbing as hostilities heated up in the Middle East. Washington continued striking Iran after reimposing a naval blockade of its ports, while Tehran warned of an existential war with America. Brent crude futures rose 0.6% to $85.45 a barrel, adding to this week's gain of 12%. Overnight in the US, Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood. In regular trading, the Dow advanced 150.91 points, or 0.3%, to end the day at 52,659.18. The broad market S&P gained 0.4%, finishing at 7,572.43, and the tech heavy Nasdaq Composite rose 0.6% to 26,269.23. A softer-than-expected U.S. producer price index added to optimism that inflation is cooling, helping lift equities and providing some comfort to investors that the Federal Reserve will keep key interest rates on hold. The produce price index dropped 0.3% in June from 1.1% in May 2026. Additionally, strong earnings from major financial firms reassured investors that earnings growth remains intact, despite easing inflation, while lower Treasury yields boosted demand for growth stocks, particularly mega-cap technology companies.Powered by Capital Market - Live

HDFC Bank has received the approval of the Reserve Bank of India for the appointment of Rajiv Kumar (DIN: 08049696) as the Part Time Chairman of the Bank under Section 10B(1A)(i) of the Banking Regulation Act, 1949 for a period of 3 (three) years w.e.f. 15 July 2026.

The bank places on record its sincere gratitude to Mr. Keki Mistry for his valuable guidance and contributions during his tenure as the interim part-time chairman of the bank. Mr. Mistry continues to be a non-executive non-independent director of the bank,' HDFC Bank said in a statement. HDFC Bank is India's largest private sector lender. As of 31 March 2026, the bank's distribution network was at 9,689 branches and 21,172 ATMs across 4,175 cities/towns. The bank reported a 9.11% jump in standalone net profit to Rs 19,221.05 crore in Q4 FY26 as against Rs 17,616.14 crore in Q4 FY25. Total income rose marginally to Rs 89,808.90 crore in Q4 FY26 from Rs 89,487.99 crore in the corresponding quarter last year. The scrip rose 0.77% to end at Rs 815.35 on the BSE. Powered by Capital Market - Live

HDFC Bank announced that the 32th Annual General Meeting(AGM) of the bank will be held on 5 August 2026.

The Nifty July 2026 futures closed at 24,410, a premium of 11.3 points compared with the Nifty's closing at 24,398.70 in the cash market. In the cash market, the Nifty 50 index lost 31.65 points or 0.13% to 24,398.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.43% to 11.65. HDFC Bank, Infosys and Trent were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026.Powered by Capital Market - Live