HDFC Bank shares decline 2% to 52-week low; what investors need to know

The stock fell as much as 1.8% to hit a 52-week low of ₹714.30 per equity share on the National Stock Exchange (NSE) on Thursday, August 28, compared with the closing price of ₹727.20 per unit on Wednesday. The shares hit a 52-week high of ₹1,020.50 apiece on October 23, 2025.

At around 11:47 AM, the scrip was trading 1.65% lower at ₹715.20 per equity share. It has lost more than 1% in the past week and 3% over the month. On a year-to-date (YTD) basis, it has declined 28%.

“The Bank believes the lawsuit is without merit and intends to vigorously defend itself,” it further added.

The lawsuit, filed in the US District Court for the Southern District of New York, alleges that HDFC Bank made materially false or misleading statements and failed to disclose information related to alleged payments of around ₹45 crore that were reportedly routed through its marketing budget to induce deposits from Maharashtra State Road Development Corporation (MSRDC), according to media reports.

The plaintiffs allege that senior management approved the arrangement, which likely violated banking regulations and HDFC's own policies against improper inducement.

The allegations are based on claims made in the lawsuit and have not been settled in court.

HDFC Bank Q1 results

HDFC Bank reported a net profit of ₹19,060 crore in the first quarter of the 2026-27 financial year (Q1 FY27), marking an increase of 5% year-on-year (YoY) from ₹18,155 crore in the same period last year, driven by healthy loan growth and controlled credit costs.

The bank's net interest income, or the difference between interest earned on loans and expended on deposits, rose by 7% to ₹33,534 crore in the first quarter from ₹31,438 crore in the year-ago period.

Net interest margin was at 3.26% on total assets, and 3.40% based on interest-earning assets.

The Mumbai-based lender's asset quality showed a slight improvement as its gross non-performing assets, as a percentage of total advances, came in at 1.17% compared with 1.4% in the year-ago period. In absolute terms, gross NPAs came in at ₹35,846 crore.

HDFC Bank has a total market capitalisation of ₹11.04 lakh crore as of August 27, 2026, according to data on the NSE.