HDFC BANK (HDB) Company Report

Analyst Coverage

Research analysts who have asked questions during HDFC BANK earnings calls.

Chintan Joshi

Autonomous Research

7 questions for HDB

Also covers: HDFCBANK, IBN

Kunal Shah

Citigroup

7 questions for HDB

Also covers: HDFCBANK, IBN

Mahrukh Adajania

Nuvama Institutional Equities

7 questions for HDB

Also covers: HDFCBANK, IBN

Abhishek Murarka

HSBC

5 questions for HDB

Also covers: HDFCBANK, IBN

Rikin Shah

IIFL Securities Ltd.

5 questions for HDB

Also covers: HDFCBANK, IBN

Piran Engineer

CLSA

4 questions for HDB

Also covers: IBN

Rahul Jain

Goldman Sachs

4 questions for HDB

Also covers: HDFCBANK, IBN

Anand Swaminathan

Bank of America

3 questions for HDB

Also covers: IBN

Ravi Purohit

Spark Capital Advisors

3 questions for HDB

Harsh Modi

JPMorgan Chase & Co.

2 questions for HDB

Also covers: IBN

Manish Shukla

Axis Capital

2 questions for HDB

Also covers: HDFCBANK, IBN

M. B. Mahesh

Kotak Securities

2 questions for HDB

Also covers: HDFCBANK, IBN

Parameswaran Subramanian

Investec

2 questions for HDB

Also covers: IBN

Pranav Dheeeraj Gundlapalle

Bernstein

2 questions for HDB

Sameer Bhise

JM Financial

2 questions for HDB

Suresh Ganapathy

Macquarie Capital

2 questions for HDB

Jayant Kharote

Axis Capital

1 question for HDB

Pranav Dheeraj Gundlapalle

Bernstein

1 question for HDB

Latest news

Recent press releases and 8-K filings for HDB.

HDFC Bank Limited Receives FY2025 ESG Rating and Faces Regulatory Scrutiny

HDB

Legal Proceedings

HDFC Bank Limited received an ESG rating of 73 for FY 2025 from NSE Sustainability Ratings & Analytics Ltd., an increase from 70 in FY 2024, categorizing it as a Leader.
For FY 2025, the bank achieved an Environment score of 77, a Social score of 69, and a Governance score of 74. Environmental performance was notably driven by a 45% decrease in greenhouse gas emissions and a 40% decrease in energy intensity compared to the previous year.
In 2025, HDFC Bank faced several material events, including a 4.88 lakh penalty from the RBI for foreign investment regulation violations, accusations of mis-selling high-risk bonds, and a restriction by the DFSA on its DIFC branch from offering services to new customers due to mis-selling concerns. Allegations of financial fraud against its CEO were also reported and denied by the bank.

Dec 10, 2025, 11:03 AM

6-K

HDFC Bank Ltd Reports Q2 FY 2026 Results with NIM Compression and Strategic Growth Initiatives

HDB

Earnings

Guidance Update

New Projects/Investments

HDFC Bank Ltd (HDB) experienced an 8 basis point compression in Net Interest Margin (NIM) in Q2 FY 2026 due to front-loading of interest rate cuts on the asset side, but anticipates tailwind effects on NIMs from deposit pricing over the next 6 to 12 months.
The bank reported accelerated loan growth across segments and market share gains in deposits during Q2 FY 2026, with a strategic objective to grow faster than the market in FY 2027 and bring its Loan-to-Deposit Ratio (LDR) below 90%.
HDB maintained healthy asset quality and increased contingent provisions by INR 1,600 crore and general provisions by INR 600 crore in Q2 FY 2026, with general provisions now at approximately 41 basis points of loans.
The bank is investing in technology, including GenAI, and distribution to re-engineer processes, enhance customer experience, and drive operating leverage over the medium to long term.
Home loan turnaround times have been significantly reduced to two days for individual loans and three days for self-employed loans, with strong cross-selling penetration for products like credit cards (over 14%) and savings accounts (98-99%).

Oct 18, 2025, 12:30 PM

Transcript

HDFC Bank Discusses Q2 FY 2026 Performance and Outlook

HDB

Earnings

Guidance Update

Revenue Acceleration/Inflection

HDFC Bank reported a compression in Net Interest Margin (NIM) of eight basis points in Q2 FY 2026 due to front-loading of interest rate cuts on the asset side, but anticipates tailwinds from deposit repricing over the next six to twelve months.
The bank is accelerating loan growth across segments, aiming to grow in line with the system in FY 2026 and faster in FY 2027, with average deposit growth of approximately 15% year on year.
Asset quality remains very healthy, though recoveries in Non-Performing Loan (NPL) movement included a 10 basis point one-off upgrade in Q2 FY 2026.
The Loan-to-Deposit Ratio (LDR) is targeted to fall below the 90 mark from 96 and change at the start of the year, reflecting a strategic objective to improve the deposit mix.
The bank maintains high capital ratios and expects to consume capital as it returns to a faster growth trajectory, particularly with a retail-oriented mix.