HDFC Bank shares trade in the green; latest update you need to know

The leading private sector lender has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator.

HDFC Bank, India's largest private sector lender, said it has initiated the necessary steps to comply with the notice of the Dubai Financial Services Authority and added that it does not see any material impact from it.

Exact details of the alleged violations leading to the action against HDFC Bank were not immediately clear.

Last seen, the stock was trading at ₹949, up 0.5% on the NSE.

In an exchange filing late on Friday evening, HDFC Bank said it has received the "decision notice" from DFSA, which points to alleged violations pertaining to financial services offered by the DIFC branch to customers not onboarded at the outlet and also in the onboarding of customers at the Dubai International Financial Centre (DIFC) Branch.

HDFC Bank disclosed that it has also been barred from soliciting customers but added that it can continue to service existing customers.

The DIFC branch has 1,489 customers, including joint accounts, HDFC Bank said.

The regulatory decision will be in force till the bank gets a communication from the watchdog, amending or revoking its decision in writing, HDFC Bank said.

"The bank has already initiated necessary steps to comply with the directives in the notice and is committed to working with the DFSA to promptly remediate and address DFSA concerns at the earliest," the HDFC Bank filing said.

HDFC Bank Q2 FY26 earnings update

In its filing to stock exchanges on September 23, 2025, HDFC Bank said a meeting of its Board of Directors is scheduled to be held on Saturday, October 18, 2025, to inter alia consider and approve the unaudited standalone and consolidated financial results of the bank for the quarter/half-year ending September 30, 2025.

HDFC Bank Q1 FY26 results

HDFC Bank, the country's largest private sector lender, on Saturday, July 19, reported a net profit of ₹18,155 crore in the first quarter of the current financial year, marking an increase of 12% from ₹16,175 crore in the same period last year.

The bank's net interest income (NII), or the difference between interest earned on loans and expended on deposits, rose 5% to ₹31,438 crore in the June quarter as against ₹29,837 crore in the year-ago period.

“The Bank's credit performance across all segments continues to remain steady in a credit environment that remains benign. The Bank has considered this as an opportune stage to enhance its floating provisions, which are not specific to any portfolio nor meant for any specific anticipated risks but act as a countercyclical buffer for making the balance sheet more resilient. Accordingly, the Bank has made floating provisions of ₹9,000 crore and additional contingent provisions of ₹1,700 crore during the quarter,” the Mumbai-based lender said.