HDFC Bank Q4 update: Deposits rise 15%, advances up 12% YoY
HDFC Bank Q4 update: Deposits rise 15%, advances up 12% YoY
HDFC Bank posts solid Q4 with deposits up 15% year-on-year and advances up 12%, as leadership changes swirl around the lender.
HDFC Bank, India’s largest private lender, delivered a steady fourth-quarter update with funding and loan growth in focus. The bank’s results show deposits rising 15% year-on-year and advances climbing 12%, underscoring a resilient franchise even amid governance-related headlines.
For the March 2026 quarter, the lender reported average advances under management of Rs 29.64 lakh crore, roughly 10% higher than the Rs 26.96 lakh crore seen in the year-ago quarter. The period-end picture reflects even stronger momentum, with advances under management at about Rs 30.58 lakh crore as of March 31, 2026, up around 10% from a year earlier. Period-end gross advances stood at about Rs 29.60 lakh crore, up 12% from Rs 26.44 lakh crore a year ago.
On the liability side, average deposits totaled Rs 28.51 lakh crore in the March 2026 quarter, a 12.8% rise from the year-ago period. Within that mix, average CASA deposits were Rs 9.18 lakh crore (up about 10.8% YoY) while average time deposits stood at Rs 19.33 lakh crore (up 13.7%). The bank’s period-end total deposits rose to about Rs 31.06 lakh crore as of March 31, 2026, a 14.4% increase from Rs 27.15 lakh crore a year earlier.
Period-end breakdown shows CASA deposits around Rs 10.61 lakh crore (up 12.3% YoY) and time deposits near Rs 20.45 lakh crore (up 15.5%). These funding dynamics come as the bank faces ongoing leadership scrutiny following the abrupt exit of Atanu Chakraborty, who resigned as part-time chairman and independent director, saying certain developments and practices within the bank over the past two years did not align with his personal values and ethics.
Market observers note that shares of HDFC Bank have stayed in focus amid the governance development, even as the core business continues to exhibit steady expansion and a diversified funding profile.
