HDFC Bank's Q1 FY27 advances grow 15.4% YoY to ₹30.61 lakh crore, shares in spotlight

According to an exchange filing, HDFC Bank reported a 15.4% increase in gross advances to ₹30.61 lakh crore as of June 2026, compared to ₹26.53 lakh crore last year.

The lender's period-end deposits were around ₹31.7 lakh crore, a growth of 14.7% over ₹27.64 crore, as per its business update.

The bank’s period end current account savings account (CASA) deposits rose 9.4% to ₹10.25 lakh crore as of June 30, 2026.

"The bank’s period end advances under management were approximately ₹31,270 billion (₹31.27 lakh crore) as of June 30, 2026, a growth of around 12.4% over ₹27,820 billion (₹27.82 lakh crore) as of June 30, 2025," according to a regulatory filing.

"The bank's average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were ₹30,386 billion (₹30.38 lakh crore) for the June 2026 quarter, a growth of around 10.8% over ₹27,423 billion (₹27.42 lakh crore) for the corresponding June 2025 period," it added.

Last week, HDFC Bank's board picked former Finance Secretary Rajiv Kumar as a part-time chairman. He would replace Atanu Chakraborty, who abruptly stepped down citing ethical concerns in March.

The board approved Kumar as an independent director for a period of four years, effective from June 30, 2026, HDFC Bank said in a regulatory filing.

It also gave a thumbs up to the appointment, including remuneration of Kumar as a part-time chairman of the private lender for three years, effective from the date as approved by the Reserve Bank of India, it said.

HDFC Bank also appointed Puneet Sharma as chief financial officer-designate from September 1. He will officially take charge of CFO from December 1. He currently oversees the finances at Axis Bank, where he will remain until August 31.