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HDFC Bank
SectorFinancial Services
HDFC Bank Limited is a private bank headquartered in Mumbai, providing a range of banking and financial services. These include retail banking, wholesale banking, treasury operations, and other financial services through its subsidiaries. The bank operates in India and has international branches in Bahrain, Hong Kong, and Dubai. HDFC Bank's distribution network spans thousands of branches and ATMs across numerous cities and towns in India. The bank offers various products and services, including personal loans, home loans, credit cards, and digital banking solutions. HDFC Bank is listed on Indian stock exchanges and has American Depository Shares listed on the New York Stock Exchange. In 2023, HDFC Bank merged with Housing Development Finance Corporation Limited, significantly expanding its operations and reach.
In the news
HDFC Bank's Post-Merger Home Loan Strategy: Choosing Returns Over Volume
HDFC Bank Q2 FY27: 14L Credit Cards, ₹19.5B Profit, Margin Pressure
ICICI Bank leads Q2 results with 20% profit jump, HDFC Bank shows mixed performance
HDFC Bank Q2 FY27: When Growth Doesn't Reach the Bottom Line
HDFC Bank Q2 Results: 5.7% profit growth, NPAs improve to 1.11%
HDFC Bank's Leadership Transition: Bagchi Takes Charge, Bharucha May Exit
YES Bank Faces ₹5,217 Cr Earnings Hit as SC Upholds AT-1 Bond Ruling
ICICI Bank Q2 Results: 20% profit jump to ₹14,843 cr, NIM at 4.18%
HDFC Bank Price-to-Book Ratio Hits 1.81, Near Post-Merger Low
Private Banks Face Margin Pressure Despite 19.4% Credit Growth
Q2 Results Today: 50 Companies Report FY27 Earnings
HDFC Bank launches festival offer with ₹70,000 savings
HDFC Bank cuts MCLR rates by up to 15 bps despite RBI hike
HDFC Bank's Q2FY27: Deposit Surge, Loan Growth, and the PSU Rally
HDFC Bank Recovers After Rate Hike Impact; YTD Loss Exceeds 29%
Bank stocks mixed as RBI hikes rates; Nifty Bank hits 54,636
Banks Sweeten Festive Offers as Retail Loan Campaigns Launch
Expert Stock Picks: Buy Sun Pharma, Hold HDFC Bank, Sell Laurus Labs
Bajaj Finance surges 5% on strong Q2 updates, Jefferies expects 34% profit growth
Banking Stocks Surge 2% After RBI Rate Hike, Kotak Backs Sector
The Quarter story
The two most recent quarterly results, compared side-by-side.
HDFC Bank drives steady loan and deposit growth with improving asset quality, while fee income compression and a slight CASA dip require attention.
Advances under management expand from ₹27,820 Cr to ₹31,272 Cr from Q1 FY26 to Q1 FY27 — steady balance sheet scaling
CASA ratio slips from 34% to 32% from Q1 FY26 to Q1 FY27 — shift toward costlier deposit funding
Gross NPA ratio falls from 1.40% to 1.17% from Q1 FY26 to Q1 FY27 — consistent credit risk mitigation
Non-interest income drops from ₹217.3 Cr to ₹128.2 Cr from Q1 FY26 to Q1 FY27 — sustained fee revenue pressure
Cost of funds declines from 4.8% to 4.4% from Q1 FY26 to Q1 FY27 — improving net interest margins
Top 20 borrower exposure rises from 9.7% to 10.2% from Q1 FY26 to Q1 FY27 — increased concentration risk
HDB Financial Services profit after tax grows from ₹5.7 Cr to ₹7.9 Cr from Q1 FY26 to Q1 FY27 — strong housing finance profitability
Net interest margin falls from 3.4% to 3.3% from Q1 FY26 to Q1 FY27 — competitive pricing adjustments
HDFC Securities net revenue climbs from ₹7.3 Cr to ₹9.5 Cr from Q1 FY26 to Q1 FY27 — robust brokerage growth
HDFC AMC book value per share drops from ₹326.4 to ₹182.0 from Q1 FY26 to Q1 FY27 — significant share dilution
Company insights, generated from the most recent coverage.
HDFC Bank's decision not to compete on home loan price rests on three management-stated tests: the loan must clear an economic-return hurdle, irrational competitor pricing is expected to 'play itself out', and it will only chase 'pockets of opportunity' where relationship value justifies the rate.
Post-merger scale gives HDFC Bank the ability to hold its price, not to set it. Funding (cost of funds ~4.4%, retail deposits ~83% of base) and ~8,000 mortgage locations let it wait out aggressive peers, but competitors with mandated growth targets can still price below returns.
The margin payoff from staying selective is visible: NIM 3.3% and RoA near 1.9% held while mortgage growth ran at half the book's pace. Selectivity is being funded by balance-sheet repair, not by pricing power.