HDFC Bank stock tumbles nearly 2% amid reports that 15.6 lakh shares change hands in block deal

Shares of HDFC Bank fell as much as 1.89% to an intra-day low of ₹955 apiece on the National Stock Exchange (NSE) during the early trading session on Thursday, August 28.

On Tuesday, the private sector bank’s stocks were trading ex-bonus on both the NSE and BSE. In mid-July, the bank had announced a 1:1 bonus issue, which means shareholders would be eligible for one equity share for every one share held by them, marking HDFC Bank’s first-ever bonus share issue.

The private sector lender reported a 12% year-on-year (YoY) surge in its net profit to ₹18,155 crore in the first quarter of the 2025-26 financial year (Q1FY26). In the corresponding period of a year ago, its profit stood at ₹16,175 crore.

Its net interest income (NII) advanced 5% YoY to ₹31,438 crore during the period under review, as against ₹29,837 crore in the June quarter of FY25.

HDFC Bank’s provisions and contingencies increased steeply by 455% YoY to ₹14,441.63 crore.

The bank has made floating provisions of ₹9,000 crore and additional contingent provisions of ₹1,700 crore during the quarter, the bank said.

Its asset quality deteriorated as its gross non-performing assets (GNPA) stood at 1.40% in Q1FY26, compared to 1.33% in the first quarter of the previous fiscal year. Its net NPA was at 0.47% in the June FY26 quarter, as against 0.39% in Q1FY25.

The bank's asset quality deteriorated slightly as its gross non-performing assets (NPA), as a percentage of total advances, came in at 1.40% as against 1.33% in the year-ago period. Its net NPA came in at 0.47% as against 0.39% in the same period last year.

Its retail loans grew by 8.1%, small and mid-market enterprise loans grew by 17.1% and corporate and other wholesale loans grew by 1.7%. Furthermore, its overseas advances constituted 1.7% of the total advances, the bank stated.

Shares of HDFC Bank were trading 0.29% higher at ₹970.60 apiece, as of 11:30 am.

India’s largest sector bank has a total market capitalisation of ₹14.9 lakh crore, as of August 28, 2025, as per data on the NSE.