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HDFC Bank's Q2: Strong Loan Growth, Deposits Outpace Advances, New MD & CEO Appointed
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CNBC TV18•05-10-2026, 04:41
HDFC Bank's Q2: Strong Loan Growth, Deposits Outpace Advances, New MD & CEO Appointed
- •HDFC Bank reported strong sequential loan growth of 5.2% in Q2, with gross advances reaching ’32.19 lakh crore, a 16.3% year-on-year increase.
- •Total deposits grew by 18.8% year-on-year to ’33.27 lakh crore, continuing to outpace loan growth, though sequential deposit growth was 4.9%.
- •CASA deposits increased by 10.8% year-on-year to ’10.52 lakh crore, while term deposits surged by 22.8% year-on-year.
- •The bank mobilized $11.5 billion in FCNR (B) deposits under the RBI swap window and issued $2.5 billion in USD-denominated senior unsecured bonds.
- •HDFC Bank's shares will react to these updates and the appointment of Anup Bagchi as the new MD & CEO, taking charge after October 26.
Key Questions Answered
HDFC Bank reported that its gross advances for the September quarter grew by 16.3% year-on-year to reach ₹32.19 lakh crore, with a sequential loan growth of 5.2%.
Deposit growth continued to outpace loan growth on a year-on-year basis, with total deposits reaching ₹33.27 lakh crore, marking an 18.8% increase from the same quarter last year.
Anup Bagchi has been appointed as the new Managing Director and Chief Executive Officer of HDFC Bank, and he will take charge after Sashidhar Jagdishan's term ends on October 26.
