HDFC Bank shares today: Shares of HDFC Bank Ltd continued to attract investor attention on Monday after the lender shared its pre-September quarter (Q2FY26) business update. Around 10:11 AM, HDFC Bank was trading 0.70 per cent higher at Rs 971.90, outperforming the BSE Sensex, which rose 0.07 per cent to 81,261.47.
HDFC Bank business update
The bank reported advances under management of Rs 28.69 lakh crore, marking a 9 per cent year-on-year (YoY) growth. Gross advances increased 10 per cent YoY to Rs 27.69 lakh crore. Total deposits climbed 12.1 per cent YoY to Rs 28 lakh crore, with CASA deposits rising 7.4 per cent YoY to Rs 9.49 lakh crore and time deposits growing 14.6 per cent YoY to Rs 18.5 lakh crore.
Brokerages maintain bullish outlook on HDFC Bank
Japan-based Nomura retained a “Buy” rating on HDFC Bank, citing strong loan growth as a key driver for business resilience.
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Citi also maintained a “Buy” rating with a target price of Rs 1,180, noting advances grew 4.4 per cent quarter-on-quarter (QoQ), deposits expanded modestly, and the loan-to-deposit ratio (LDR) improved by 280 basis points.
Bernstein reaffirmed an “Outperform” rating with a target of Rs 1,150. The brokerage highlighted strong loan growth in a low-growth environment, which offsets weak deposit momentum and supports margins in Q2FY26.
HDFC Bank’s performance signals sector strengt
The robust growth in advances and deposits demonstrates HDFC Bank’s resilience in India’s banking sector, despite macroeconomic pressures. Analysts at Nomura view HDFC Bank as a high-quality franchise, backed by strong fundamentals, steady loan growth, and robust capital, making it an attractive long-term investment.
