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Analysts cheer deposit growth at India's HDFC Bank, but loan growth lags system
** HDFC Bank HDBK.NS reports 12% growth in gross advances, 14.4% jump in deposits as of March 31, 2026
** Higher growth in deposits help reduce loan-to-deposit ratio by 400 bps to 95%
** LDR jumped in Q3 vs bank's target of bringing it down to 90% by FY27, raising concerns of slower deposit growth
** Bernstein says bank's Q4 provisional update enough to address LDR concerns that cropped up in Q3
** Macquarie says robust deposit growth, materially lower LDR should be viewed as positive
** However, Bernstein, Citi flag below system-level growth in advances
** HDBK up 0.4% at 754 rupees; benchmark Nifty 50 .NSEI down 0.3%
** Stock rated "buy" on average; median PT is 1,150 rupees, per data compiled by LSEG
** YTD, HDBK down ~24%
(Reporting by Vivek Kumar M)
** HDFC Bank HDBK.NS reports 12% growth in gross advances, 14.4% jump in deposits as of March 31, 2026
** Higher growth in deposits help reduce loan-to-deposit ratio by 400 bps to 95%
** LDR jumped in Q3 vs bank's target of bringing it down to 90% by FY27, raising concerns of slower deposit growth
** Bernstein says bank's Q4 provisional update enough to address LDR concerns that cropped up in Q3
** Macquarie says robust deposit growth, materially lower LDR should be viewed as positive
** However, Bernstein, Citi flag below system-level growth in advances
** HDBK up 0.4% at 754 rupees; benchmark Nifty 50 .NSEI down 0.3%
** Stock rated "buy" on average; median PT is 1,150 rupees, per data compiled by LSEG
** YTD, HDBK down ~24%
(Reporting by Vivek Kumar M)
HDFC Bank March-quarter average advances under management rise 10% to ₹ 29,644 billion
- HDFC Bank reported March 2026 quarter average advances under management of INR 29,644 billion, up 10.0% year over year.
- Period-end advances under management reached about INR 30,575 billion at March 31, 2026, up 10.2% from a year earlier.
- Gross advances totaled about INR 29,600 billion at March 31, 2026, up 12.0% year over year.
- Average deposits rose to INR 28,511 billion in March 2026 quarter, up 12.8% year over year.
- Period-end deposits increased to about INR 31,055 billion at March 31, 2026, up 14.4% from March 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 2FSEYVPW4YB2NDEA) on April 04, 2026, and is solely responsible for the information contained therein.
- HDFC Bank reported March 2026 quarter average advances under management of INR 29,644 billion, up 10.0% year over year.
- Period-end advances under management reached about INR 30,575 billion at March 31, 2026, up 10.2% from a year earlier.
- Gross advances totaled about INR 29,600 billion at March 31, 2026, up 12.0% year over year.
- Average deposits rose to INR 28,511 billion in March 2026 quarter, up 12.8% year over year.
- Period-end deposits increased to about INR 31,055 billion at March 31, 2026, up 14.4% from March 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 2FSEYVPW4YB2NDEA) on April 04, 2026, and is solely responsible for the information contained therein.
HDFC Bank says ESG Risk Assessments & Insights assigns it ESG rating of 61
- HDFC Bank said ESG Risk Assessments & Insights assigned it an ESG rating of 61 on April 2, 2026.
- Bank said it did not engage the firm for the rating, which it said was prepared independently using publicly available information.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ANMJBEDCQL7N2HIV) on April 03, 2026, and is solely responsible for the information contained therein.
- HDFC Bank said ESG Risk Assessments & Insights assigned it an ESG rating of 61 on April 2, 2026.
- Bank said it did not engage the firm for the rating, which it said was prepared independently using publicly available information.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ANMJBEDCQL7N2HIV) on April 03, 2026, and is solely responsible for the information contained therein.
India's bank stocks near 1-year low as RBI's FX crackdown fans loss concerns
Updates throughout
April 2 (Reuters) - India's bank stocks dropped to their lowest levels in nearly a year on concerns over potential losses after the central bank intensified its crackdown on speculative activity in the rupee.
The Nifty Bank index .NSEBANK slid as much as 2.8% to 50,004.30 points - its lowest level since April 9, 2025 - with all constituents trading lower.
The index has fallen 4.3% this week following the Reserve Bank of India's curbs, underperforming the benchmark Nifty 50 .NSEI, which is down 2.6%.
On Wednesday, the RBI barred banks from offering rupee non-deliverable forwards to resident and non-resident clients, days after it put a limit of $100 million on banks' net open rupee positions.
Jefferies said banks were hoping to mitigate losses stemming from the initial measures by transferring or selling part of their positions to corporates, hedge funds and other clients.
The fresh curbs may bring the losses back to original estimates or a tad higher at 40 billion rupees to 50 billion rupees ($428.05 million-$535.07 million), the brokerage said.
The RBI's measures come as the rupee INR=IN has hit a string of all-time lows on worries over spillovers from the Iran war. The currency fell 4.24% in March, its worst monthly drop in six years, before the latest curbs helped it rise 1.4% to 93.53 per U.S. dollar in early trade on Thursday.
Private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS dropped 1.4% each on Thursday, while state-run banks logged sharper losses. State Bank of India SBI.NS was down 2.9%, while Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS lost 3.4%, 3.6% and 3.9%, respectively.
Jefferies expects banks to book part of their losses in the January-March and April-June quarters, and said foreign lenders account for 45% of the currency derivatives market and related losses, while private banks have a 40% share.
($1 = 93.4460 Indian rupees)
India's bank stocks' index near one-year low https://reut.rs/4v07llP
Forex derivative market in India is dominated by larger banks https://reut.rs/47AWgO6
Market share in USD-INR derivative contracts https://reut.rs/4c2fv4u
(Reporting by Vivek Kumar M in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)
Updates throughout
April 2 (Reuters) - India's bank stocks dropped to their lowest levels in nearly a year on concerns over potential losses after the central bank intensified its crackdown on speculative activity in the rupee.
The Nifty Bank index .NSEBANK slid as much as 2.8% to 50,004.30 points - its lowest level since April 9, 2025 - with all constituents trading lower.
The index has fallen 4.3% this week following the Reserve Bank of India's curbs, underperforming the benchmark Nifty 50 .NSEI, which is down 2.6%.
On Wednesday, the RBI barred banks from offering rupee non-deliverable forwards to resident and non-resident clients, days after it put a limit of $100 million on banks' net open rupee positions.
Jefferies said banks were hoping to mitigate losses stemming from the initial measures by transferring or selling part of their positions to corporates, hedge funds and other clients.
The fresh curbs may bring the losses back to original estimates or a tad higher at 40 billion rupees to 50 billion rupees ($428.05 million-$535.07 million), the brokerage said.
The RBI's measures come as the rupee INR=IN has hit a string of all-time lows on worries over spillovers from the Iran war. The currency fell 4.24% in March, its worst monthly drop in six years, before the latest curbs helped it rise 1.4% to 93.53 per U.S. dollar in early trade on Thursday.
Private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS dropped 1.4% each on Thursday, while state-run banks logged sharper losses. State Bank of India SBI.NS was down 2.9%, while Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS lost 3.4%, 3.6% and 3.9%, respectively.
Jefferies expects banks to book part of their losses in the January-March and April-June quarters, and said foreign lenders account for 45% of the currency derivatives market and related losses, while private banks have a 40% share.
($1 = 93.4460 Indian rupees)
India's bank stocks' index near one-year low https://reut.rs/4v07llP
Forex derivative market in India is dominated by larger banks https://reut.rs/47AWgO6
Market share in USD-INR derivative contracts https://reut.rs/4c2fv4u
(Reporting by Vivek Kumar M in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)
HDFC Bank Former Chair On CNBC-TV18 Says Penalty Against Officials Involved In Mis-Selling Of AT-1 Bonds In Dubai Came After Many Years
March 30 (Reuters) -
HDFC BANK FORMER CHAIR ON CNBC-TV18: MIS-SELLING OF AT-1 BONDS IN DUBAI TERMED AS TECHNICAL LAPSE BY CEO; BROUGHT REPUTATIONAL RISK TO BANK
HDFC BANK FORMER CHAIR: PENALTY AGAINST OFFICIALS INVOLVED IN MIS-SELLING OF AT 1 BONDS IN DUBAI CAME AFTER MANY YEARS
HDFC BANK FORMER CHAIR: MERGER WITH HDFC DIDN'T DISTORT THE BANK'S BALANCESHEET
HDFC BANK FORMER CHAIR: INCENTIVE STRUCTURES, OVERSIGHT OF MANAGEMENT, BOARD SHOULD BE ALIGNED WITH INTEREST OF DEPOSITORS
HDFC BANK FORMER CHAIR: PERSONALITY DIFFERENCES ARE OVERBLOWN, WASN'T DETERMINING FACTOR FOR RESIGNATION
HDFC BANK FORMER CHAIR: CEO'S REAPPOINTMENT WASN'T DISCUSSED DURING MY TERM
Further company coverage: HDBK.NS
March 30 (Reuters) -
HDFC BANK FORMER CHAIR ON CNBC-TV18: MIS-SELLING OF AT-1 BONDS IN DUBAI TERMED AS TECHNICAL LAPSE BY CEO; BROUGHT REPUTATIONAL RISK TO BANK
HDFC BANK FORMER CHAIR: PENALTY AGAINST OFFICIALS INVOLVED IN MIS-SELLING OF AT 1 BONDS IN DUBAI CAME AFTER MANY YEARS
HDFC BANK FORMER CHAIR: MERGER WITH HDFC DIDN'T DISTORT THE BANK'S BALANCESHEET
HDFC BANK FORMER CHAIR: INCENTIVE STRUCTURES, OVERSIGHT OF MANAGEMENT, BOARD SHOULD BE ALIGNED WITH INTEREST OF DEPOSITORS
HDFC BANK FORMER CHAIR: PERSONALITY DIFFERENCES ARE OVERBLOWN, WASN'T DETERMINING FACTOR FOR RESIGNATION
HDFC BANK FORMER CHAIR: CEO'S REAPPOINTMENT WASN'T DISCUSSED DURING MY TERM
Further company coverage: HDBK.NS
India's HDFC Bank chair resigned after power struggle with CEO, FT reports
March 27 (Reuters) - The resignation of HDFC Bank's HDBK.NS former chairman Atanu Chakraborty last week stemmed from a power struggle with chief executive Sashidhar Jagdishan, the Financial Times reported on Friday, citing sources.
Chakraborty had opposed extending Jagdishan's tenure, but a majority of the board favoured it, the report said.
Reuters could not immediately verify the report.
(Reporting by Mrinmay Dey in Mexico City; Editing by Sumana Nandy)
((mrinmay.dey@tr.com; +91 7362903319;))
March 27 (Reuters) - The resignation of HDFC Bank's HDBK.NS former chairman Atanu Chakraborty last week stemmed from a power struggle with chief executive Sashidhar Jagdishan, the Financial Times reported on Friday, citing sources.
Chakraborty had opposed extending Jagdishan's tenure, but a majority of the board favoured it, the report said.
Reuters could not immediately verify the report.
(Reporting by Mrinmay Dey in Mexico City; Editing by Sumana Nandy)
((mrinmay.dey@tr.com; +91 7362903319;))
Indian regulator reviewing HDFC Bank chairman's exit letter, sources say
Resignation letter sent HDFC Bank shares tumbling
Chakraborty says his letter made no insinuations
Former chairman says not aware of any regulatory review
By Jayshree P Upadhyay
MUMBAI, March 26 (Reuters) - India's markets regulator has begun a preliminary review of the resignation letter of former HDFC Bank HDBK.NS chairman Atanu Chakraborty for possible violations of rules governing directors of listed companies, two sources familiar with the matter said.
Chakraborty told Reuters he was not aware of any examination by the regulator.
In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics.
He did not elaborate. The letter triggered an 8.7% slide in the stock the following day and wiped $16.3 billion in market value over three sessions.
REGULATOR MAKING CHECKS
A department of the Securities and Exchange Board of India (SEBI) that oversees corporate disclosures and governance is examining the former chairman and other directors for alleged failures to do their fiduciary duties, the sources said.
"(The) examination is to verify claims made in the resignation letter and whether other directors were aware of any material information and did not document them," one said.
The Reserve Bank of India, the primary regulator in the case, said last week it had found "no material concerns on record as regards its (bank's) conduct or governance".
"We are also checking if there was any misreporting of any events which could impact minority investors," the first source said, adding that SEBI was reviewing the adequacy of disclosures by both the bank and Chakraborty.
India's rules for listed companies require independent directors to assess the quality and timeliness of information flow between management and the board.
Email queries sent to HDFC Bank and SEBI were not immediately answered.
Chakraborty told Reuters by text that he had not made any insinuations in his letter. He added that no one from the regulator had contacted him and that he was unaware of any SEBI review.
Earlier this week, SEBI Chairman Tuhin Kanta Pandey, without commenting on individual cases, said independent directors must follow the code of conduct set out in regulations.
"No one can make insinuations without proper evidence being recorded," Pandey said. "Any such comments do have an impact on minority shareholders .... Independent directors have to be responsible in terms of what they say."
HDFC Bank said on Tuesday it had appointed external law firms to independently assess the concerns raised in the resignation letter. Chakraborty told Reuters the firms had not contacted him.
(Reporting by Jayshree P Upadhyay. Editing by Mark Potter)
((Jayshree.Pyasi@thomsonreuters.com; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Resignation letter sent HDFC Bank shares tumbling
Chakraborty says his letter made no insinuations
Former chairman says not aware of any regulatory review
By Jayshree P Upadhyay
MUMBAI, March 26 (Reuters) - India's markets regulator has begun a preliminary review of the resignation letter of former HDFC Bank HDBK.NS chairman Atanu Chakraborty for possible violations of rules governing directors of listed companies, two sources familiar with the matter said.
Chakraborty told Reuters he was not aware of any examination by the regulator.
In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics.
He did not elaborate. The letter triggered an 8.7% slide in the stock the following day and wiped $16.3 billion in market value over three sessions.
REGULATOR MAKING CHECKS
A department of the Securities and Exchange Board of India (SEBI) that oversees corporate disclosures and governance is examining the former chairman and other directors for alleged failures to do their fiduciary duties, the sources said.
"(The) examination is to verify claims made in the resignation letter and whether other directors were aware of any material information and did not document them," one said.
The Reserve Bank of India, the primary regulator in the case, said last week it had found "no material concerns on record as regards its (bank's) conduct or governance".
"We are also checking if there was any misreporting of any events which could impact minority investors," the first source said, adding that SEBI was reviewing the adequacy of disclosures by both the bank and Chakraborty.
India's rules for listed companies require independent directors to assess the quality and timeliness of information flow between management and the board.
Email queries sent to HDFC Bank and SEBI were not immediately answered.
Chakraborty told Reuters by text that he had not made any insinuations in his letter. He added that no one from the regulator had contacted him and that he was unaware of any SEBI review.
Earlier this week, SEBI Chairman Tuhin Kanta Pandey, without commenting on individual cases, said independent directors must follow the code of conduct set out in regulations.
"No one can make insinuations without proper evidence being recorded," Pandey said. "Any such comments do have an impact on minority shareholders .... Independent directors have to be responsible in terms of what they say."
HDFC Bank said on Tuesday it had appointed external law firms to independently assess the concerns raised in the resignation letter. Chakraborty told Reuters the firms had not contacted him.
(Reporting by Jayshree P Upadhyay. Editing by Mark Potter)
((Jayshree.Pyasi@thomsonreuters.com; 9920092491; Reuters Messaging: Twitter: @jaysh88))
India's HDFC Bank taps external law firms to review ex-chairman's resignation, shares rise
HDFC Bank appoints law firms to look into concerns flagged
Law firms to review minutes of board meeting, source says
HDFC Bank shares gain after three-day rout
Rewrites with names of law firms, adds no comment; paragraphs 1,3,6
By Chris Thomas, Gopika Gopakumar and Jayshree P Upadhyay
March 24 (Reuters) - India's HDFC Bank HDBK.NS has appointed two domestic law firms and one US-based law firm to review a resignation letter from former part-time chairman Atanu Chakraborty, sources with direct knowledge of the matter said on Tuesday.
Shares of India's largest private sector lender rose 1.3% after the news, snapping a three-day run of losses that chipped $16.27 billion in market value from the stock with the heaviest weighting in benchmark indexes.
The domestic firms Trilegal and Wadia Ghandy & Co have been asked to report on the governance standards followed at the bank, said the four sources, who spoke on condition of anonymity as they were not authorised to speak to the media.
The firms will study minutes of past board meetings to see if there is any truth in the differences over "values and ethics" cited in the letter from Chakraborty, who stepped down last week, said one of the sources.
The bank will not seek legal damages from Chakraborty for the reputational damage caused, the source added, however.
Trilegal, Wadia Ghandy and HDFC Bank made no immediate reponse to Reuters email requests for comments. Reuters could not identify the US-based firm.
BANK SEEKS "TO REINFORCE ROBUST GOVERNANCE STANDARDS"
HDFC Bank is hiring both domestic and international firms to examine the letter "to reinforce the robust governance standards of the bank", it told stock exchanges in a statement, without identifying the firms.
Earlier it said the abrupt exit, which slammed shares and prompted analysts to question if there were governance concerns, may have stemmed from a rift between Chakraborty and the management, but added there were no material issues at the bank.
For his part, Chakraborty gave no details. "Kindly read my letter," he said in reply to a Reuters text message. "It makes no claims or insinuations." He added, "Having resigned, I do not look into actions by the organisation."
Last week, the Reserve Bank of India said HDFC Bank was financially sound and professionally managed with "no material concerns on record" about its conduct or governance.
The RBI has approved former long-time HDFC Group executive Keki Mistry as interim non-executive chairman for three months.
Shares of HDFC Bank had fallen nearly 12% since Chakraborty's resignation.
Appointed part-time chairman in April 2021 and reappointed in May 2024 through May 4, 2027, Chakraborty oversaw HDFC Bank's $40-billion merger with mortgage lender HDFC Ltd, creating a financial services behemoth.
CONDUCT OF INDEPENDENT DIRECTORS
Tuhin Kanta Pandey, chief of the Securities and Exchange Board of India (SEBI), which regulates listed companies, declined to comment on individual matters when asked if it would seek additional details from Chakraborty.
Independent directors must follow the code of conduct set out in regulations, Pandey added, however. This includes raising any concerns with a company's board and insisting that the minutes of board meetings record any concerns not addressed.
"No one can make insinuations without proper evidence being recorded," Pandey said. "Any such comments do have an impact on minority shareholders ... Independent directors have to be responsible in terms of what they say."
Chakraborty's board position was that of an independent director and non-executive chairman.
Pandey added that the central bank, the Reserve Bank of India, which is the primary regulator of HDFC Bank, would probably look into various aspects of the matter.
(Reporting by Chris Thomas in Mexico City, Gopika Gopakumar and Jayshree P. Upadhyay in Mumbai; Additional reporting by Komal Salecha in Bengaluru; Editing by Sumana Nandy and Clarence Fernandez)
HDFC Bank appoints law firms to look into concerns flagged
Law firms to review minutes of board meeting, source says
HDFC Bank shares gain after three-day rout
Rewrites with names of law firms, adds no comment; paragraphs 1,3,6
By Chris Thomas, Gopika Gopakumar and Jayshree P Upadhyay
March 24 (Reuters) - India's HDFC Bank HDBK.NS has appointed two domestic law firms and one US-based law firm to review a resignation letter from former part-time chairman Atanu Chakraborty, sources with direct knowledge of the matter said on Tuesday.
Shares of India's largest private sector lender rose 1.3% after the news, snapping a three-day run of losses that chipped $16.27 billion in market value from the stock with the heaviest weighting in benchmark indexes.
The domestic firms Trilegal and Wadia Ghandy & Co have been asked to report on the governance standards followed at the bank, said the four sources, who spoke on condition of anonymity as they were not authorised to speak to the media.
The firms will study minutes of past board meetings to see if there is any truth in the differences over "values and ethics" cited in the letter from Chakraborty, who stepped down last week, said one of the sources.
The bank will not seek legal damages from Chakraborty for the reputational damage caused, the source added, however.
Trilegal, Wadia Ghandy and HDFC Bank made no immediate reponse to Reuters email requests for comments. Reuters could not identify the US-based firm.
BANK SEEKS "TO REINFORCE ROBUST GOVERNANCE STANDARDS"
HDFC Bank is hiring both domestic and international firms to examine the letter "to reinforce the robust governance standards of the bank", it told stock exchanges in a statement, without identifying the firms.
Earlier it said the abrupt exit, which slammed shares and prompted analysts to question if there were governance concerns, may have stemmed from a rift between Chakraborty and the management, but added there were no material issues at the bank.
For his part, Chakraborty gave no details. "Kindly read my letter," he said in reply to a Reuters text message. "It makes no claims or insinuations." He added, "Having resigned, I do not look into actions by the organisation."
Last week, the Reserve Bank of India said HDFC Bank was financially sound and professionally managed with "no material concerns on record" about its conduct or governance.
The RBI has approved former long-time HDFC Group executive Keki Mistry as interim non-executive chairman for three months.
Shares of HDFC Bank had fallen nearly 12% since Chakraborty's resignation.
Appointed part-time chairman in April 2021 and reappointed in May 2024 through May 4, 2027, Chakraborty oversaw HDFC Bank's $40-billion merger with mortgage lender HDFC Ltd, creating a financial services behemoth.
CONDUCT OF INDEPENDENT DIRECTORS
Tuhin Kanta Pandey, chief of the Securities and Exchange Board of India (SEBI), which regulates listed companies, declined to comment on individual matters when asked if it would seek additional details from Chakraborty.
Independent directors must follow the code of conduct set out in regulations, Pandey added, however. This includes raising any concerns with a company's board and insisting that the minutes of board meetings record any concerns not addressed.
"No one can make insinuations without proper evidence being recorded," Pandey said. "Any such comments do have an impact on minority shareholders ... Independent directors have to be responsible in terms of what they say."
Chakraborty's board position was that of an independent director and non-executive chairman.
Pandey added that the central bank, the Reserve Bank of India, which is the primary regulator of HDFC Bank, would probably look into various aspects of the matter.
(Reporting by Chris Thomas in Mexico City, Gopika Gopakumar and Jayshree P. Upadhyay in Mumbai; Additional reporting by Komal Salecha in Bengaluru; Editing by Sumana Nandy and Clarence Fernandez)
HDFC Bank Limited files Form 3 as GroupHead-EmergingEnterprises D Souza Sanjay John reports 148,200 shares
- Sanjay John D Souza, Group Head-Emerging Enterprises at HDFC Bank, filed an initial beneficial ownership statement reporting 148,200 equity shares held directly.
- The filing also reported 872 equity shares held indirectly through his spouse.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002123035-26-000002), on March 23, 2026, and is solely responsible for the information contained therein.
- Sanjay John D Souza, Group Head-Emerging Enterprises at HDFC Bank, filed an initial beneficial ownership statement reporting 148,200 equity shares held directly.
- The filing also reported 872 equity shares held indirectly through his spouse.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002123035-26-000002), on March 23, 2026, and is solely responsible for the information contained therein.
INDIA STOCKS-Iran war, HDFC Bank offset value buying as Indian shares log weekly losses
Updates for markets close
By Bharath Rajeswaran
March 20 (Reuters) - Indian shares climbed on Friday, helping limit steep weekly losses, as investors sought bargains following a sharp selloff triggered by concerns over the Iran war and a decline in heavyweight HDFC Bank.
The Nifty 50 .NSEI rose 0.49% to 23,114.50 and the BSE Sensex .BSESN gained 0.44% to 74,532.96, on Friday.
The rupee breached the 93 per dollar mark for the first time to an all-time low against the U.S. dollar on Friday.
The Nifty and Sensex fell 3.3% each on Thursday, their worst session since June 4, 2024. However, they ended the week down only 0.16% and 0.04%, helped by value buying earlier and a partial rebound on Friday.
Brent crude LCOc1 traded at $111 a barrel on Friday after leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz.
It rose to $119.13 a barrel in the previous session. O/R
"Investors remain wary of tensions in the Middle East, as even an immediate end to the war would leave energy supplies taking months to normalise," said Vivek Shukla, regional head at Emkay Global Financial Services.
"Still, the recent correction is beginning to draw value buyers, with more attractive valuations and entry points cushioning the markets from steep losses, as seen this week," Shukla said.
Ten of the 16 major sectors posted weekly losses. Small-caps .NIFSMCP100 fell 1.1%, while mid-caps .NIFMDCP100 rose 0.2%.
HDFC Bank HDBK.NS, the benchmarks' top weight, lost 4.5% this week after the abrupt exit of its part-time chairman.
The stock pulled financials .NIFTYFIN and private banks .NIFPVTBNK down 1.4% and 1%, respectively.
The auto index .NIFTYAUTO rose 2.2% this week after its worst weekly showing in six years last week.
On the day, IT index .NIFTYIT gained 2.2% after U.S. peer Accenture ACN.N posted better-than-expected quarterly earnings.
India's Nifty 50 snaps three-week losing run on value buying after confirming correction https://reut.rs/4bUdPet
Weekly performance of India's key stock indexes https://reut.rs/478HNJc
Weekly performance of India's Nifty 50 constituents https://reut.rs/4cZ6P18
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema, Mrigank Dhaniwala, Janane Venkatraman and Nivedita Bhattacharjee)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
Updates for markets close
By Bharath Rajeswaran
March 20 (Reuters) - Indian shares climbed on Friday, helping limit steep weekly losses, as investors sought bargains following a sharp selloff triggered by concerns over the Iran war and a decline in heavyweight HDFC Bank.
The Nifty 50 .NSEI rose 0.49% to 23,114.50 and the BSE Sensex .BSESN gained 0.44% to 74,532.96, on Friday.
The rupee breached the 93 per dollar mark for the first time to an all-time low against the U.S. dollar on Friday.
The Nifty and Sensex fell 3.3% each on Thursday, their worst session since June 4, 2024. However, they ended the week down only 0.16% and 0.04%, helped by value buying earlier and a partial rebound on Friday.
Brent crude LCOc1 traded at $111 a barrel on Friday after leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz.
It rose to $119.13 a barrel in the previous session. O/R
"Investors remain wary of tensions in the Middle East, as even an immediate end to the war would leave energy supplies taking months to normalise," said Vivek Shukla, regional head at Emkay Global Financial Services.
"Still, the recent correction is beginning to draw value buyers, with more attractive valuations and entry points cushioning the markets from steep losses, as seen this week," Shukla said.
Ten of the 16 major sectors posted weekly losses. Small-caps .NIFSMCP100 fell 1.1%, while mid-caps .NIFMDCP100 rose 0.2%.
HDFC Bank HDBK.NS, the benchmarks' top weight, lost 4.5% this week after the abrupt exit of its part-time chairman.
The stock pulled financials .NIFTYFIN and private banks .NIFPVTBNK down 1.4% and 1%, respectively.
The auto index .NIFTYAUTO rose 2.2% this week after its worst weekly showing in six years last week.
On the day, IT index .NIFTYIT gained 2.2% after U.S. peer Accenture ACN.N posted better-than-expected quarterly earnings.
India's Nifty 50 snaps three-week losing run on value buying after confirming correction https://reut.rs/4bUdPet
Weekly performance of India's key stock indexes https://reut.rs/478HNJc
Weekly performance of India's Nifty 50 constituents https://reut.rs/4cZ6P18
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema, Mrigank Dhaniwala, Janane Venkatraman and Nivedita Bhattacharjee)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
India's central bank says found no material concerns at HDFC Bank after chairman exit
March 19 (Reuters) - India's central bank said on Thursday it found no material concerns regarding HDFC Bank's HDBK.NS conduct or governance after its part-time chairman resigned citing differences with the lender over "values and ethics".
"The bank remains well-capitalised and the financial position of the bank remains satisfactory with sufficient liquidity," the Reserve Bank of India said in a statement.
Shares of HDFC Bank fell as much as 8.7% on Thursday after Atanu Chakraborty's resignation, while the lender said there were no material issues at the bank.
(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
March 19 (Reuters) - India's central bank said on Thursday it found no material concerns regarding HDFC Bank's HDBK.NS conduct or governance after its part-time chairman resigned citing differences with the lender over "values and ethics".
"The bank remains well-capitalised and the financial position of the bank remains satisfactory with sufficient liquidity," the Reserve Bank of India said in a statement.
Shares of HDFC Bank fell as much as 8.7% on Thursday after Atanu Chakraborty's resignation, while the lender said there were no material issues at the bank.
(Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
HDFC Bank Limited files initial beneficial ownership statement for Director Sunita Maheshwari
Sunita Maheshwari filed an Initial Statement of Beneficial Ownership (Form 3) for HDFC Bank, identifying her role as a director. The filing reported 0 equity shares beneficially owned directly.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002119221-26-000003), on March 18, 2026, and is solely responsible for the information contained therein.
Sunita Maheshwari filed an Initial Statement of Beneficial Ownership (Form 3) for HDFC Bank, identifying her role as a director. The filing reported 0 equity shares beneficially owned directly.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002119221-26-000003), on March 18, 2026, and is solely responsible for the information contained therein.
HDFC Bank Limited files initial beneficial ownership statement for Group Head of Human Resources Vibhash Naik
HDFC Bank filed an Initial Statement of Beneficial Ownership (Form 3) naming Vibhash Naik as the reporting person. Naik is an officer of HDFC Bank and serves as Group Head - Human Resources. The filing reported 0 equity shares beneficially owned directly.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-109928), on March 17, 2026, and is solely responsible for the information contained therein.
HDFC Bank filed an Initial Statement of Beneficial Ownership (Form 3) naming Vibhash Naik as the reporting person. Naik is an officer of HDFC Bank and serves as Group Head - Human Resources. The filing reported 0 equity shares beneficially owned directly.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-109928), on March 17, 2026, and is solely responsible for the information contained therein.
HDFC Bank shareholders approved postal ballot resolutions
HDFC Bank said shareholder voting on a postal ballot concluded on March 13, 2026. The bank reported that a proposal to approve material related party transactions with HDB Financial Services was approved. Proposals to approve material related party transactions with HDFC Securities, HDFC Life Insurance, and HDFC ERGO General Insurance were also approved. A proposal to reappoint Kaizad Bharucha as deputy managing director was approved.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: P8DJR633Z31WAW6O) on March 16, 2026, and is solely responsible for the information contained therein.
HDFC Bank said shareholder voting on a postal ballot concluded on March 13, 2026. The bank reported that a proposal to approve material related party transactions with HDB Financial Services was approved. Proposals to approve material related party transactions with HDFC Securities, HDFC Life Insurance, and HDFC ERGO General Insurance were also approved. A proposal to reappoint Kaizad Bharucha as deputy managing director was approved.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: P8DJR633Z31WAW6O) on March 16, 2026, and is solely responsible for the information contained therein.
Apple In Talks With Banks To Start Payment Service In India - Bloomberg News
Feb 26 (Reuters) -
APPLE IN TALKS WITH BANKS TO START PAYMENT SERVICE IN INDIA - BLOOMBERG NEWS
APPLE IN TALKS WITH ICICI BANK, HDFC BANK AND AXIS BANK AS IT AIMS TO INTRODUCE ITS PAYMENT SERVICE IN INDIA AROUND MIDDLE OF 2026- BLOOMBERG NEWS
Source text: [https://tinyurl.com/c5xvmycn]
Further company coverage: AAPL.O
Feb 26 (Reuters) -
APPLE IN TALKS WITH BANKS TO START PAYMENT SERVICE IN INDIA - BLOOMBERG NEWS
APPLE IN TALKS WITH ICICI BANK, HDFC BANK AND AXIS BANK AS IT AIMS TO INTRODUCE ITS PAYMENT SERVICE IN INDIA AROUND MIDDLE OF 2026- BLOOMBERG NEWS
Source text: [https://tinyurl.com/c5xvmycn]
Further company coverage: AAPL.O
Elliott Investment Management Reports Share Stake Of 216,756 Sponsored Ads In HDFC Bank Ltd
Feb 18 (Reuters) - Elliott Investment Management L.P.:
ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 264,850 SHARES IN FS KKR CAPITAL CORP - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 216,756 SPONSORED ADS IN HDFC BANK LTD - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT L.P. DISSOLVES SHARE STAKE IN OXFORD LANE CAPITAL CORP - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT : CHANGE IN HOLDINGS ARE AS OF DEC 31, 2025 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT. 30, 2025
Source for the quarter ended December 31, 2025: https://bit.ly/3OkDOTa
Source for the quarter ended September 30, 2025: https://bit.ly/4oKd0Jk
Feb 18 (Reuters) - Elliott Investment Management L.P.:
ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 264,850 SHARES IN FS KKR CAPITAL CORP - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 216,756 SPONSORED ADS IN HDFC BANK LTD - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT L.P. DISSOLVES SHARE STAKE IN OXFORD LANE CAPITAL CORP - SEC FILING
ELLIOTT INVESTMENT MANAGEMENT : CHANGE IN HOLDINGS ARE AS OF DEC 31, 2025 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT. 30, 2025
Source for the quarter ended December 31, 2025: https://bit.ly/3OkDOTa
Source for the quarter ended September 30, 2025: https://bit.ly/4oKd0Jk
INDIA STOCKS-Indian shares up on value buying in HDFC Bank, Reliance
Updates for market close
By Bharath Rajeswaran and Vivek Kumar M
Feb 16 (Reuters) - India's equity benchmarks snapped a two-session losing streak on Monday on value buying in specific stocks, including heavyweights HDFC Bank and Reliance Industries.
The Nifty 50 .NSEI rose 0.83% to 25,682.75, while the BSE Sensex .BSESN added 0.79% to 83,277.15. They had fallen about 2% in last two sessions, led by IT losses.
India's heaviest-weighted stock HDFC Bank HDBK.NS rose 2.4%, snapping seven-session losing streak, where it lost 5.1%.
Another index heavyweight Reliance Industries RELI.NS rose 1.2% after falling 3.3% in the last two sessions.
"There is some value buying as well as churn from IT towards other sectors," said Anita Gandhi, head of institutional business at Arihant Capital Markets.
"With earnings season behind and U.S. trade deal largely factored in by markets, we expect benchmarks to consolidate in the near-term with positive bias."
Fifteen of the 16 major sectors logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 added 0.1% and 0.5%, respectively.
IT stocks .NIFTYIT posted marginal gains, rising 0.2% after last week's sell-off on anxiety around AI automation tools and their impact on traditional software businesses.
IT index lost 8.2% last week, its worst showing in 10 months.
The lingering concerns over tech stocks also weighed on Fractal Analytics' FRAL.NS public market debut on Monday, with shares of the country's first pure-play AI firm falling 5.9%.
The pharma index .NIPHARM rose 0.9%, led by Torrent Pharma TORP.NS which gained 4.5% on an uptick in December-quarter profit.
Among other stocks, stock exchange operator BSE BSEL.NS dropped 7.3%, while brokers such as Groww BILO.NS and Angel One ANGO.NS lost 1.7% and 4.7%, respectively, after the central bank tightened capital market lending norms.
Firstcry BRAE.NS tumbled 11.3% after its quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins.
Natco Pharma NATP.NS climbed 7% after it received approval to launch in India the generic version of diabetes and weight-loss drug semaglutide.
(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bangalore; Editing by Sumana Nandy, Janane Venkatraman)
Updates for market close
By Bharath Rajeswaran and Vivek Kumar M
Feb 16 (Reuters) - India's equity benchmarks snapped a two-session losing streak on Monday on value buying in specific stocks, including heavyweights HDFC Bank and Reliance Industries.
The Nifty 50 .NSEI rose 0.83% to 25,682.75, while the BSE Sensex .BSESN added 0.79% to 83,277.15. They had fallen about 2% in last two sessions, led by IT losses.
India's heaviest-weighted stock HDFC Bank HDBK.NS rose 2.4%, snapping seven-session losing streak, where it lost 5.1%.
Another index heavyweight Reliance Industries RELI.NS rose 1.2% after falling 3.3% in the last two sessions.
"There is some value buying as well as churn from IT towards other sectors," said Anita Gandhi, head of institutional business at Arihant Capital Markets.
"With earnings season behind and U.S. trade deal largely factored in by markets, we expect benchmarks to consolidate in the near-term with positive bias."
Fifteen of the 16 major sectors logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 added 0.1% and 0.5%, respectively.
IT stocks .NIFTYIT posted marginal gains, rising 0.2% after last week's sell-off on anxiety around AI automation tools and their impact on traditional software businesses.
IT index lost 8.2% last week, its worst showing in 10 months.
The lingering concerns over tech stocks also weighed on Fractal Analytics' FRAL.NS public market debut on Monday, with shares of the country's first pure-play AI firm falling 5.9%.
The pharma index .NIPHARM rose 0.9%, led by Torrent Pharma TORP.NS which gained 4.5% on an uptick in December-quarter profit.
Among other stocks, stock exchange operator BSE BSEL.NS dropped 7.3%, while brokers such as Groww BILO.NS and Angel One ANGO.NS lost 1.7% and 4.7%, respectively, after the central bank tightened capital market lending norms.
Firstcry BRAE.NS tumbled 11.3% after its quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins.
Natco Pharma NATP.NS climbed 7% after it received approval to launch in India the generic version of diabetes and weight-loss drug semaglutide.
(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bangalore; Editing by Sumana Nandy, Janane Venkatraman)
HDFC Bank - RBI Approves ICICI AMC To Buy Up To 9.95% In HDFC Bank
Feb 11 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK - RBI APPROVES ICICI AMC TO BUY UP TO 9.95% IN HDFC BANK
Source text: ID:nBSEwPH7q
Further company coverage: HDBK.NS
Feb 11 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK - RBI APPROVES ICICI AMC TO BUY UP TO 9.95% IN HDFC BANK
Source text: ID:nBSEwPH7q
Further company coverage: HDBK.NS
Shah Alloys Approves One Time Settlement With HDFC Bank
Jan 27 (Reuters) - Shah Alloys Ltd SHAA.NS:
SHAH ALLOYS LTD - BOARD APPROVES ONE TIME SETTLEMENT WITH HDFC BANK
SHAH ALLOYS LTD - APPROVED ONE TIME SETTLEMENT WITH HDFC BANK
SHAH ALLOYS LTD - AGREED AMOUNT OF 180 MILLION RUPEES TO BE PAID
Source text: ID:nBSEbGK2pf
Further company coverage: SHAA.NS
Jan 27 (Reuters) - Shah Alloys Ltd SHAA.NS:
SHAH ALLOYS LTD - BOARD APPROVES ONE TIME SETTLEMENT WITH HDFC BANK
SHAH ALLOYS LTD - APPROVED ONE TIME SETTLEMENT WITH HDFC BANK
SHAH ALLOYS LTD - AGREED AMOUNT OF 180 MILLION RUPEES TO BE PAID
Source text: ID:nBSEbGK2pf
Further company coverage: SHAA.NS
India's Axis Bank places consumer lending arm's stake sale on hold, sources say
By Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan
MUMBAI, Jan 23 (Reuters) - India's Axis Bank AXBK.NS has put on hold plans to sell a stake in its consumer lending arm, Axis Finance. after the central bank eased proposed restrictions on overlapping business activities between banks and their subsidiaries, three sources familiar with the matter told Reuters.
India's third-largest lender initiated the stake sale process in Axis Finance last year and appointed merchant bankers, after the Reserve Bank of India in 2024 proposed draft rules that barred banks from having overlapping businesses with subsidiaries.
Morgan Stanley had been appointed as a banker to the deal.
However, following a pushback from the industry, the RBI diluted its proposal in December 2025, permitting banks to continue with potentially overlapping non-bank businesses while ring-fencing them from banks' main operations.
The rules in their original form could have forced large banks, including HDFC Bank HDBK.NS, ICICI Bank ICBK.NS and Axis Bank AXBK.NS to either merge or divest non-bank lending businesses held as subsidiaries.
The change in rules has prompted a rethink at Axis Bank, the sources, directly familiar with the deal, said.
"Axis Finance is well-capitalised and does not need to rush into raising capital," said one of the sources, who declined to be named.
An email sent to Axis Bank and to Morgan Stanley was not answered.
Axis Finance, registered as a non-bank finance company, is set to submit a revised growth plan to the bank's board in April and will reevaluate its capital-raising needs thereafter, the person said.
A separate source, while not confirming that the deal is on hold, said the bank will approach the regulator with options for Axis Finance - including infusing fresh capital itself.
The deal to sell an initial 20% stake in the lender was estimated to be worth $350 million to $400 million, according to local media reports. Reuters could not independently confirm the value of the deal.
Homegrown private equity fund Kedaara Capital was most actively in discussions, the second of the three sources said.
A third source said the bids received were not lucrative enough, which prompted the bank to pull back on the sale after the recent change in regulations.
Axis Bank has invested 23.75 billion Indian rupees ($262.49 million) in Axis Finance over the past decade, according to the company's website. As of March 31, 2025, Axis Finance had assets under management of 415.83 billion rupees.
($1 = 90.4780 Indian rupees)
(Reporting by Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan in Mumbai; Editing by Ros Russell)
By Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan
MUMBAI, Jan 23 (Reuters) - India's Axis Bank AXBK.NS has put on hold plans to sell a stake in its consumer lending arm, Axis Finance. after the central bank eased proposed restrictions on overlapping business activities between banks and their subsidiaries, three sources familiar with the matter told Reuters.
India's third-largest lender initiated the stake sale process in Axis Finance last year and appointed merchant bankers, after the Reserve Bank of India in 2024 proposed draft rules that barred banks from having overlapping businesses with subsidiaries.
Morgan Stanley had been appointed as a banker to the deal.
However, following a pushback from the industry, the RBI diluted its proposal in December 2025, permitting banks to continue with potentially overlapping non-bank businesses while ring-fencing them from banks' main operations.
The rules in their original form could have forced large banks, including HDFC Bank HDBK.NS, ICICI Bank ICBK.NS and Axis Bank AXBK.NS to either merge or divest non-bank lending businesses held as subsidiaries.
The change in rules has prompted a rethink at Axis Bank, the sources, directly familiar with the deal, said.
"Axis Finance is well-capitalised and does not need to rush into raising capital," said one of the sources, who declined to be named.
An email sent to Axis Bank and to Morgan Stanley was not answered.
Axis Finance, registered as a non-bank finance company, is set to submit a revised growth plan to the bank's board in April and will reevaluate its capital-raising needs thereafter, the person said.
A separate source, while not confirming that the deal is on hold, said the bank will approach the regulator with options for Axis Finance - including infusing fresh capital itself.
The deal to sell an initial 20% stake in the lender was estimated to be worth $350 million to $400 million, according to local media reports. Reuters could not independently confirm the value of the deal.
Homegrown private equity fund Kedaara Capital was most actively in discussions, the second of the three sources said.
A third source said the bids received were not lucrative enough, which prompted the bank to pull back on the sale after the recent change in regulations.
Axis Bank has invested 23.75 billion Indian rupees ($262.49 million) in Axis Finance over the past decade, according to the company's website. As of March 31, 2025, Axis Finance had assets under management of 415.83 billion rupees.
($1 = 90.4780 Indian rupees)
(Reporting by Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan in Mumbai; Editing by Ros Russell)
HDFC Bank Says RBI Approves Re-Appointment Of Kaizad Bharucha As Deputy Managing Director
Jan 20 (Reuters) - HDFC Bank Ltd HDBK.NS:
RBI APPROVES RE-APPOINTMENT OF KAIZAD BHARUCHA AS DEPUTY MANAGING DIRECTOR
Source text: ID:nNSE3f35xL
Further company coverage: HDBK.NS
Jan 20 (Reuters) - HDFC Bank Ltd HDBK.NS:
RBI APPROVES RE-APPOINTMENT OF KAIZAD BHARUCHA AS DEPUTY MANAGING DIRECTOR
Source text: ID:nNSE3f35xL
Further company coverage: HDBK.NS
Street View: Stable asset quality, healthy loan growth gives HDFC Bank an edge
** HDFC Bank HDBK.NS reported a higher-than-expected Q3 profit on Saturday as loan growth remained strong and margins improved sequentially
** Stock down about 0.9% on the day, tracking drop in the benchmarks
HEALTHY LOAN GROWTH, STABLE ASSET QUALITY
** Jefferies ("Buy"; PT: 1,240 rupees) says bank is among its top picks on stable asset quality and management's move to shed costly deposits to lift NIM
** Says, growth expected to recover and lower the loan-deposit ratio (LDR)
** CLSA ("Outperform"; PT: 1,200 rupees) says asset quality remains "pristine" while net interest margins improve, terms it a "strong alpha idea" for India portfolio
** UBS ("Buy"; PT: 1,175 rupees) terms quarterly performance "inline" and commentary strong as management expects loan growth to accelerate and LDR to decline
** Macquarie ("Outperform"; PT: 1,200 rupees) says LDR no longer a constraint for growth; sees stable asset quality and margin tailwinds on deposit repricing as positives
** Nomura ("Buy"; PT: Cut to 1,080 rupees from 1,120 rupees) terms loan growth in the December quarter "healthy", says asset quality remains stable
(Reporting by Mridula Kumar in Bengaluru)
** HDFC Bank HDBK.NS reported a higher-than-expected Q3 profit on Saturday as loan growth remained strong and margins improved sequentially
** Stock down about 0.9% on the day, tracking drop in the benchmarks
HEALTHY LOAN GROWTH, STABLE ASSET QUALITY
** Jefferies ("Buy"; PT: 1,240 rupees) says bank is among its top picks on stable asset quality and management's move to shed costly deposits to lift NIM
** Says, growth expected to recover and lower the loan-deposit ratio (LDR)
** CLSA ("Outperform"; PT: 1,200 rupees) says asset quality remains "pristine" while net interest margins improve, terms it a "strong alpha idea" for India portfolio
** UBS ("Buy"; PT: 1,175 rupees) terms quarterly performance "inline" and commentary strong as management expects loan growth to accelerate and LDR to decline
** Macquarie ("Outperform"; PT: 1,200 rupees) says LDR no longer a constraint for growth; sees stable asset quality and margin tailwinds on deposit repricing as positives
** Nomura ("Buy"; PT: Cut to 1,080 rupees from 1,120 rupees) terms loan growth in the December quarter "healthy", says asset quality remains stable
(Reporting by Mridula Kumar in Bengaluru)
India's HDFC Bank beats quarterly profit expectations on better lending margins
MUMBAI, Jan 17 (Reuters) - Indian private lender HDFC Bank HDBK.NS reported a higher-than-expected profit for the third quarter on Saturday as loan growth remained strong and margins improved sequentially.
The country's largest private lender by market capitalisation posted a standalone net profit of 186.53 billion Indian rupees ($2.06 billion) for the three months ended December 31, an 11.5% increase from 167.35 billion rupees a year earlier. Analysts had expected a profit of 183.7 billion rupees, according to data compiled by LSEG.
The Mumbai-based lender's net interest income rose 6.4% to 326.2 billion rupees, while its net interest margin improved to 3.35% from 3.27% in the previous quarter.
The Reserve Bank of India cut its benchmark interest rate by a cumulative 125 basis points since February 2025 to spur consumption and investment. Banks are seeing a pick-up in margins, which had been squeezed earlier in the year as loans repriced faster than deposits.
HDFC Bank, which has been shoring up its deposit base after a merger with its parent HDFC two years ago, said deposits grew 11.6% in the quarter from a year earlier.
Loans grew 12%, driven by a pick-up in large corporate and small business loans.
The Mumbai-based lender's asset quality was stable with a gross non-performing asset ratio of 1.24% at the end of December, the same as three months earlier.
Funds set aside for potential bad loans and other losses fell 10% from a year earlier to 28 billion rupees.
($1 = 90.6820 Indian rupees)
(Reporting by Ashwin Manikandan and Ira Dugal in Mumbai; Editing by Ronojoy Mazumdar, Kirsten Donovan)
MUMBAI, Jan 17 (Reuters) - Indian private lender HDFC Bank HDBK.NS reported a higher-than-expected profit for the third quarter on Saturday as loan growth remained strong and margins improved sequentially.
The country's largest private lender by market capitalisation posted a standalone net profit of 186.53 billion Indian rupees ($2.06 billion) for the three months ended December 31, an 11.5% increase from 167.35 billion rupees a year earlier. Analysts had expected a profit of 183.7 billion rupees, according to data compiled by LSEG.
The Mumbai-based lender's net interest income rose 6.4% to 326.2 billion rupees, while its net interest margin improved to 3.35% from 3.27% in the previous quarter.
The Reserve Bank of India cut its benchmark interest rate by a cumulative 125 basis points since February 2025 to spur consumption and investment. Banks are seeing a pick-up in margins, which had been squeezed earlier in the year as loans repriced faster than deposits.
HDFC Bank, which has been shoring up its deposit base after a merger with its parent HDFC two years ago, said deposits grew 11.6% in the quarter from a year earlier.
Loans grew 12%, driven by a pick-up in large corporate and small business loans.
The Mumbai-based lender's asset quality was stable with a gross non-performing asset ratio of 1.24% at the end of December, the same as three months earlier.
Funds set aside for potential bad loans and other losses fell 10% from a year earlier to 28 billion rupees.
($1 = 90.6820 Indian rupees)
(Reporting by Ashwin Manikandan and Ira Dugal in Mumbai; Editing by Ronojoy Mazumdar, Kirsten Donovan)
India's HDFC Life profit rises marginally as tax cuts drive demand amid high costs
Jan 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a marginal rise in third-quarter profit on Thursday, as a higher premium collection driven by tax cuts more than made up for an increase in expenses.
The insurer's net profit rose 1.4% to 4.21 billion rupees ($46.62 million) for the three months ended December 31, up from 4.15 billion rupees a year earlier.
Demand for insurance products grew in the third quarter, supported by the government's move to slash goods and services tax (GST) on life insurance products to zero from 18%.
HDFC Life's net premium income grew 8.8% to 182.42 billion rupees. However, its management expenses rose 30% to 45.33 billion rupees driven by higher employee-related costs and operating expenses.
Annualised premium equivalent sales from individual policies, a key metric that calculates the annualised total value of single and recurring premium policies, rose nearly 13% to 35.17 billion rupees during the quarter, according to Reuters' calculation.
The number of policies sold recorded double-digit growth during the quarter, HDFC Life said.
"We expect this momentum to sustain into Q4, supporting a balanced and healthy full-year outcome," Chief Executive and Managing Director Vibha Padalkar said in a statement.
However, the government's move to do away with GST for insurance products also hurt insurers' margins as they could no longer claim the input tax credit.
HDFC Life's value of new business (VNB), or expected profit from new policies, increased 2.7% to 9.55 billion rupees for the reported quarter, per Reuters' calculation.
Without the GST cut and a regulation change regarding surrender charges, VNB growth for the quarter would have been 11%, the company said.
Its margins from new business for the nine months ended December 31 contracted to 24.4% from 25.1% a year earlier.
($1 = 90.2960 Indian rupees)
(Reporting by Hritam Mukherjee and Nishit Navin in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
Jan 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a marginal rise in third-quarter profit on Thursday, as a higher premium collection driven by tax cuts more than made up for an increase in expenses.
The insurer's net profit rose 1.4% to 4.21 billion rupees ($46.62 million) for the three months ended December 31, up from 4.15 billion rupees a year earlier.
Demand for insurance products grew in the third quarter, supported by the government's move to slash goods and services tax (GST) on life insurance products to zero from 18%.
HDFC Life's net premium income grew 8.8% to 182.42 billion rupees. However, its management expenses rose 30% to 45.33 billion rupees driven by higher employee-related costs and operating expenses.
Annualised premium equivalent sales from individual policies, a key metric that calculates the annualised total value of single and recurring premium policies, rose nearly 13% to 35.17 billion rupees during the quarter, according to Reuters' calculation.
The number of policies sold recorded double-digit growth during the quarter, HDFC Life said.
"We expect this momentum to sustain into Q4, supporting a balanced and healthy full-year outcome," Chief Executive and Managing Director Vibha Padalkar said in a statement.
However, the government's move to do away with GST for insurance products also hurt insurers' margins as they could no longer claim the input tax credit.
HDFC Life's value of new business (VNB), or expected profit from new policies, increased 2.7% to 9.55 billion rupees for the reported quarter, per Reuters' calculation.
Without the GST cut and a regulation change regarding surrender charges, VNB growth for the quarter would have been 11%, the company said.
Its margins from new business for the nine months ended December 31 contracted to 24.4% from 25.1% a year earlier.
($1 = 90.2960 Indian rupees)
(Reporting by Hritam Mukherjee and Nishit Navin in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
India's HDB Financial posts higher profit on strong credit demand
Jan 14 (Reuters) - India's HDB Financial Services HDBF.NS posted a near 36% rise in third-quarter profit on Wednesday, aided by improved loan growth.
Net profit rose to 6.44 billion rupees ($71.3 million) for the quarter ended December 31 from 4.72 billion rupees a year earlier.
($1 = 90.3580 Indian rupees)
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)
Jan 14 (Reuters) - India's HDB Financial Services HDBF.NS posted a near 36% rise in third-quarter profit on Wednesday, aided by improved loan growth.
Net profit rose to 6.44 billion rupees ($71.3 million) for the quarter ended December 31 from 4.72 billion rupees a year earlier.
($1 = 90.3580 Indian rupees)
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)
HDFC Bank Limited to Host Earnings Call on Financial Results
HDFC Bank Limited will announce its unaudited standalone and consolidated financial results for the quarter and nine-months ended December 31, 2025. The bank will host an earnings call with analysts and investors at 18:00 IST on January 17, 2026, where senior management will discuss the financial results. Pre-registration for the call is available at https://ccreservations.com/hdfcbank/. An audio recording will be made available on the bank’s website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-011044), on January 13, 2026, and is solely responsible for the information contained therein.
HDFC Bank Limited will announce its unaudited standalone and consolidated financial results for the quarter and nine-months ended December 31, 2025. The bank will host an earnings call with analysts and investors at 18:00 IST on January 17, 2026, where senior management will discuss the financial results. Pre-registration for the call is available at https://ccreservations.com/hdfcbank/. An audio recording will be made available on the bank’s website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HDFC Bank Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-011044), on January 13, 2026, and is solely responsible for the information contained therein.
PREVIEW-Indian banks' third-quarter earnings to get loan growth, asset quality boost
Loan growth, demand revival to aid lenders' December-quarter results
Demand recovery to aid non-bank lenders, gold financiers to lead growth
Private banks expected to outperform state-owned lenders in profit growth
Life insurers to benefit from tax cuts and lower interest rates
Credit momentum gets boost from festive spending and GST cuts
By Nishit Navin and Bharath Rajeswaran
Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.
Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.
Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.
Net interest income (NII) is expected to improve sequentially as loan growth picks up.
"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.
Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.
Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.
The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.
Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.
Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.
By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.
Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.
Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.
Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.
What brokerages expect from December quarter earnings of India's lenders https://reut.rs/49k94da
Brokerages expect profit after tax (PAT) of India's banks to rise in Q3 https://reut.rs/3LuXFOq
Financials lead rise in India's benchmarks helped by supportive policy, attractive valuations https://reut.rs/45LGqz6
(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
Loan growth, demand revival to aid lenders' December-quarter results
Demand recovery to aid non-bank lenders, gold financiers to lead growth
Private banks expected to outperform state-owned lenders in profit growth
Life insurers to benefit from tax cuts and lower interest rates
Credit momentum gets boost from festive spending and GST cuts
By Nishit Navin and Bharath Rajeswaran
Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.
Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.
Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.
Net interest income (NII) is expected to improve sequentially as loan growth picks up.
"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.
Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.
Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.
The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.
Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.
Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.
By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.
Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.
Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.
Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.
What brokerages expect from December quarter earnings of India's lenders https://reut.rs/49k94da
Brokerages expect profit after tax (PAT) of India's banks to rise in Q3 https://reut.rs/3LuXFOq
Financials lead rise in India's benchmarks helped by supportive policy, attractive valuations https://reut.rs/45LGqz6
(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)
India's HDFC Bank sees worst week in nearly 2 years
** HDFC Bank HDBK.NS drops 1.4% to 933.3 rupees, shedding 6.2% so far this week; among biggest pct losers on Nifty bank .NSEBANK index
** Stock marks biggest weekly drop since mid January 2024
** Weekly drop due to concerns over slow deposit growth after co's quarterly update
** Over 31.7 mln shares traded, 1.7x the 30-day avg
** Stock rated "buy" on avg; median PT is 1,170 rupees, per data compiled by LSEG
** In 2025, HDBK gained 12% vs NSEBANK's ~17% climb
(Reporting by Aleef Jahan in Bengaluru)
** HDFC Bank HDBK.NS drops 1.4% to 933.3 rupees, shedding 6.2% so far this week; among biggest pct losers on Nifty bank .NSEBANK index
** Stock marks biggest weekly drop since mid January 2024
** Weekly drop due to concerns over slow deposit growth after co's quarterly update
** Over 31.7 mln shares traded, 1.7x the 30-day avg
** Stock rated "buy" on avg; median PT is 1,170 rupees, per data compiled by LSEG
** In 2025, HDBK gained 12% vs NSEBANK's ~17% climb
(Reporting by Aleef Jahan in Bengaluru)
India's equity benchmarks set for third day of losses; HDFC Bank top drag
Jan 7 (Reuters) -
** India's Nifty 50 .NSEI and Sensex .BSESN drop 0.3% each, set for third straight session of losses
** Benchmarks consolidating near record high levels as investors track quarterly business updates from companies and geopolitical tensions, per analysts
** Eleven of the 16 major sectors trade lower; mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 up 0.2% and 0.1%, respectively
** Heavyweight HDFC Bank HDBK.NS down 1.4%, biggest drag on benchmarks; falls for third session on concerns over slow deposit growth
** Jewellers' shares jump 2%-12% after strong sales update for December quarter; Titan TITN.NS hits record high
** IT stocks .NIFTYIT jump 1.5%, among top sectoral gainers
(Reporting by Vivek Kumar M)
Jan 7 (Reuters) -
** India's Nifty 50 .NSEI and Sensex .BSESN drop 0.3% each, set for third straight session of losses
** Benchmarks consolidating near record high levels as investors track quarterly business updates from companies and geopolitical tensions, per analysts
** Eleven of the 16 major sectors trade lower; mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 up 0.2% and 0.1%, respectively
** Heavyweight HDFC Bank HDBK.NS down 1.4%, biggest drag on benchmarks; falls for third session on concerns over slow deposit growth
** Jewellers' shares jump 2%-12% after strong sales update for December quarter; Titan TITN.NS hits record high
** IT stocks .NIFTYIT jump 1.5%, among top sectoral gainers
(Reporting by Vivek Kumar M)
India's HDFC Bank extends losses to three month low after quarterly update
** Shares of HDFC Bank HDBK.NS fall as much as 2.1% to 956 rupees, lowest since Oct 3
** HDBK biggest loser on Nifty Private bank .NIFPVTBNK sub index
** India's top private lender posts 11.9% y/y loan growth for quarter ending December on Monday, while deposits increased 11.5%
** Analysts at Nomura say slower deposit growth limited increase in lendingthis quarter as the credit-deposit (CD) ratio, which measures loans given as a percentage of deposits hit nearly 100%
** Adds, HDBK needs strong deposit inflows to accelerate loan growth going forward
** Rival ICICI Bank is up 2.7%, top gainer on Nifty 50 .NSEI
** Thity eight analysts have a "buy" rating for HDBK on avg; median PT is 1,165 rupees - data compiled by LSEG
** In 2025, HDBK gained 12% vs private bank sub index's ~20% climb
(Reporting by Urvi Dugar in Bengaluru)
** Shares of HDFC Bank HDBK.NS fall as much as 2.1% to 956 rupees, lowest since Oct 3
** HDBK biggest loser on Nifty Private bank .NIFPVTBNK sub index
** India's top private lender posts 11.9% y/y loan growth for quarter ending December on Monday, while deposits increased 11.5%
** Analysts at Nomura say slower deposit growth limited increase in lendingthis quarter as the credit-deposit (CD) ratio, which measures loans given as a percentage of deposits hit nearly 100%
** Adds, HDBK needs strong deposit inflows to accelerate loan growth going forward
** Rival ICICI Bank is up 2.7%, top gainer on Nifty 50 .NSEI
** Thity eight analysts have a "buy" rating for HDBK on avg; median PT is 1,165 rupees - data compiled by LSEG
** In 2025, HDBK gained 12% vs private bank sub index's ~20% climb
(Reporting by Urvi Dugar in Bengaluru)
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What does HDFC Bank do?
HDFC Bank together with its subsidiaries is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, insurance, asset management, stock broking and other financial services business. The Bank has overseas branch operations in Bahrain, Hong Kong, Dubai, Singapore and an Offshore Banking Unit at International Financial Service Centre (IFSC), GIFT City, India. The bank has three key business segments: Wholesale Banking, Treasury and Retail Banking.
Who are the competitors of HDFC Bank?
HDFC Bank major competitors are ICICI Bank, SBI, Axis Bank, Kotak Mahindra Bank, AU Small Fin. Bank, Federal Bank, Indusind Bank. Market Cap of HDFC Bank is ₹11,56,196 Crs. While the median market cap of its peers are ₹3,56,233 Crs.
Is HDFC Bank financially stable compared to its competitors?
HDFC Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does HDFC Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. HDFC Bank latest dividend payout ratio is 23.78% and 3yr average dividend payout ratio is 23.32%
How has HDFC Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like loans. However relatively unproductive allocation like cash and Gov Securities has also increased.
How strong is HDFC Bank balance sheet?
Latest balance sheet of HDFC Bank is strong. Strength was visible historically as well.
Is the profitablity of HDFC Bank improving?
Yes, profit is increasing. The profit of HDFC Bank is ₹77,430 Crs for TTM, ₹70,792 Crs for Mar 2025 and ₹64,062 Crs for Mar 2024.
Is HDFC Bank stock expensive?
HDFC Bank is not expensive. Latest PE of HDFC Bank is 15.52 while 3 year average PE is 20.82. Also latest Price to Book of HDFC Bank is 2.05 while 3yr average is 3.01.
Has the share price of HDFC Bank grown faster than its competition?
HDFC Bank has given lower returns compared to its competitors. HDFC Bank has grown at ~6.53% over the last 8yrs while peers have grown at a median rate of 15.6%
Is the promoter bullish about HDFC Bank?
There is Insufficient data to gauge this.
Are mutual funds buying/selling HDFC Bank?
The mutual fund holding of HDFC Bank is increasing. The current mutual fund holding in HDFC Bank is 29.54% while previous quarter holding is 26.66%.