HDFC Bank Q2 FY26 Business Update: Advances Up 9.9%, Deposits Grow 12.1% YoY

Mumbai, October 6, 2025: HDFC Bank Ltd (NSE: HDFCBANK, BSE: 500180) reported steady growth for the quarter ending September 2025, with both advances and deposits showing healthy year-on-year gains. Average advances under management increased by 9% to ₹27,946 billion, and period-end advances stood at ₹28,690 billion, indicating the bank’s continued lending momentum across its retail and wholesale portfolios. Gross advances saw growth of 9.9% YoY to ₹27,690 billion, allowing HDFC Bank to maintain its leadership in credit growth.

Deposit Momentum Driven by Time Deposits

In terms of liabilities, there was an increase in deposits. Average deposits were up 15.1% YoY at ₹27,105 billion, supported by a time deposit growth rate of 18.6% and an 8.5% growth in CASA deposits. Period-end deposits stood at ₹28,015 billion, a growth rate of 12.1% YoY. CASA deposits grew at a modest rate of 7.4%, whereas time deposits continued to be the main driver of deposit inflows.

Stock Market Performance

As of 11:00 AM IST, HDFC’s share price was trading at ₹975.20, up ₹10.05 or 1.04% from the previous close of ₹965.15. The stock opened at ₹971.90 and has fluctuated between a high of ₹977.40 and a low of ₹962.00 so far. In the last twelve months, shares rose by 15.73%, while year-to-date returns were at 9.22%. The three-year growth rate has been 37.79%, and a notable 264.42% growth has occurred over the last decade.

HDFC Bank is expected to continue experiencing stable growth in advances and deposits, although pressure on CASA ratios is likely to persist. While the bank has experienced very strong credit demand and a robust balance sheet, it remains well-positioned for consistent, longer-term performance.

REF: https://nsearchives.nseindia.com/corporate/HDFCBANK_04102025093023_FR_Initial_Disclosure.pdf

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