HDFC Bank is expected to remain in focus in Monday’s trading session after the lender reported steady double-digit growth in advances and deposits for the March 2026 quarter, according to its provisional business update filed with stock exchanges.
Strong Growth in Advances
The bank reported consistent expansion in its lending book, with gross advances rising 12% year-on-year to Rs 29.60 lakh crore, compared to Rs 26.43 lakh crore in the same period last year.
On an average basis, advances under management increased 10% YoY to Rs 29.64 lakh crore, reflecting stable credit demand across segments.
Deposits Show Healthy Momentum
On the liability side, HDFC Bank maintained strong traction in deposits. Average deposits rose 12.8% YoY to Rs 28.51 lakh crore, while period-end deposits stood at Rs 31.05 lakh crore, marking a 14.4% increase over the previous year.
Time Deposits Drive Growth
Deposit growth was primarily led by term deposits, which increased 15.5% year-on-year to Rs 20.45 lakh crore.
Meanwhile, CASA (current and savings account) deposits grew 12.3% to Rs 10.60 lakh crore, indicating steady growth in low-cost funds.
Stock Performance Under Pressure
Despite the strong operational update, HDFC Bank shares have been under pressure in recent weeks, declining over 14% in the past month and trading near their 52-week low.
The fall comes amid broader market volatility and after the exit of Part-time Chairman and Independent Director Atanu Chakraborty on March 18, 2026.
Outlook
While recent stock performance has been weak, the bank’s underlying business fundamentals continue to show stable growth in both lending and deposit mobilisation.