HDFC Bank Q2 Update: Loan Growth At 16.3%, Deposits Rise 18.8% YoY
HDFC Bank reported strong growth in its second-quarter business metrics for FY27, with advances rising 16.3% and deposits increasing 18.8% year-on-year. The bank also confirmed the appointment of Anup Bagchi as its new MD and CEO.
Why it matters
As India's largest private lender, HDFC's performance is a key indicator of the health of the Indian banking sector and consumer credit demand.
HDFC Bank, the largest private sector lender in India, reported its provisional business metrics for the second quarter of FY27, with a strong growth in advances and deposits.The bank's gross advances in the September quarter grew 16.3% to approximately Rs 32,19,500 crore from Rs 27,69,200 crore as of September 30, 2025.Average advances under management, which are advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment, were Rs 31,87,200 crore for the September 2026 quarter, a growth of around 14.0% over Rs 27,94,600 crore for the corresponding September 2025 period.The bank's period end advances under management increased 15.3% to Rs 33,07,500 crore from Rs 28,68,800 crore, year-on-year (YoY).Deposit Growth Outpace Loan GrowthDeposit growth of HDFC Bank continued to outpace its loan growth on a YoY basis.
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