HDFC Bank Ltd

HDFC Bank Ltd has been assigned ESG ratings by two independent providers: ESG Risk Assessments & Insights Limited (73.03) and Crisil ESG Ratings & Analytics Limited (76). The bank clarified that it did not engage these providers for the ratings, which were prepared independently based on publicly available information. This disclosure is made in compliance with SEBI Listing Regulations.

HDFC Bank Limited, through its GIFT City Branch, has successfully completed the issuance of US$ 1,750 million in Senior Unsecured Bonds. The issuance comprises two tranches: US$ 500 million with a 3-year tenor and a 5.159% coupon, and US$ 1,250 million with a 5-year tenor and a 5.401% coupon. These bonds are rated Baa3 (Stable) by Moody's and BBB (Stable) by S&P. They are listed on India INX and NSE International Exchange. The settlement date is August 26, 2026, with maturity dates in 2029 and 2031 respectively. This move strengthens the bank's long-term funding profile.

HDFC Bank announced that the Reserve Bank of India (RBI) has approved Life Insurance Corporation of India (LIC) to acquire up to 9.99% of the bank's paid-up share capital. As of August 14, 2026, LIC held 4.11% of HDFC Bank's total share capital. This approval is subject to various regulatory compliances, including provisions of the Banking Regulation Act, 1949, and FEMA, 1999.

HDFC Bank Limited has announced the conclusion of its internal review concerning arrangements with the Maharashtra State Road Development Corporation (MSRDC) for deposit garnering in 2017 and 2021. The review, based on findings from a Special Disciplinary Committee of Independent Directors, determined that employee conduct constituted 'business overreach' rather than malicious intent or personal gain. Consequently, the Board has decided to issue warning letters and a monetary penalty of ₹1 lakh to three senior employees, including the MD & CEO, CFO, and Group Head – Retail Assets. Other involved employees will receive warning letters. The bank will also communicate these findings to the Reserve Bank of India. This disclosure is made from a good governance perspective, with no applicable regulatory disclosure obligations triggered.

HDFC Bank Limited has announced the exercise of its call option on US$1,000,000,000 3.7% Additional Tier 1 Notes. The redemption will occur in full on August 25, 2026, at 100% of the principal amount outstanding, plus accrued interest. The bank has notified the Trustee, Citicorp International Limited, to inform all eligible bondholders. This action is in accordance with the terms and conditions of the bonds issued on August 25, 2021.

HDFC Bank's Board of Directors convened on July 18, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The bank also announced the opening of the trading window for designated persons on July 21, 2026, following SEBI regulations. The results, along with auditor reports and a press release, will be uploaded to the bank's website and published in newspapers.

HDFC Bank reported consolidated PAT of ₹19,244.71 Cr for Q1 FY27 (quarter ended June 30, 2026), up 18.4% over the year-ago ₹16,257.91 Cr on a reported basis but roughly +10% on an underlying basis — the headline is flattered by a low prior-year base. Consolidated total income was ₹1,33,110 Cr (+3.7% YoY), with interest earned of ₹90,575 Cr and other income of ₹42,535 Cr. Standalone PAT was ₹19,059.72 Cr, which management itself frames as +5.0% reported and +9.8% adjusted. The reported divergence between standalone (+5%) and consolidated (+18%) growth is entirely a base-year artefact: Q1 FY26 carried a ₹9,128 Cr standalone (₹6,949 Cr consolidated) transaction gain from the HDB Financial Services OFS, a ₹9,000 Cr floating provision and a ₹1,144 Cr tax write-back — readers who see one number elsewhere should not treat the other as wrong. The margin bridge is clean rather than operational: standalone NII grew 6.7% YoY to ₹33,534 Cr and NIM was range-bound at 3.26% of assets (3.40% on interest-earning assets), exactly as management guided — so the YoY jump in net margin comes from the absence of this year of the prior-year ₹9,000 Cr floating-provision drag, not from spread expansion. Provisions were ₹3,803 Cr (consol) with total credit cost at 0.40%, and asset quality improved to 1.17% GNPA (0.91% ex-agri) from 1.40% a year ago, with NNPA at 0.41%. Cost-to-income held at 39.2%. Growth engines delivered: gross advances rose 15.4% YoY to ₹30,608 bn and total deposits 14.7%, keeping the franchise ahead of the >12% FY26 pace management pointed to on the last call. Against the Street, the print is inline — brokerages modelled standalone PAT of roughly ₹18,950–19,230 Cr (Motilal Oswal ₹19,230 Cr, Axis ₹19,484 Cr, Systematix ₹19,796 Cr) versus the reported ₹19,060 Cr standalone / ₹19,245 Cr consolidated. Against management's own Q4 guidance — continued loan momentum, range-bound NIMs, ROA-led operating leverage and consistent EPS growth — the quarter is a broad meet: consolidated EPS rose to ₹12.50 from ₹10.61 and loan/deposit growth is intact. The result lands alongside a cluster of board-level moves in the quarter — RBI's approval of Rajiv Kumar as part-time Chairman for three years, the appointment of a new CFO-designate and GC-designate, and the conclusion (with no financial impact) of the external legal review into ex-Chairman Atanu Chakraborty's resignation — which resolves some of the governance overhang that had weighed on the stock rather than affecting the numbers. Stripped of base noise, this is a steady, guidance-tracking quarter — double-digit underlying profit growth on 15% loan growth and improving asset quality — not the outsized beat the reported +18% suggests.

HDFC Bank Ltd has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Rajiv Kumar as the Part-time Chairman of the Bank. This appointment is effective from July 15, 2026, and will be for a tenure of three years. The approval was granted by the RBI following an application made by the bank. HDFC Bank expressed gratitude to Mr. Keki Mistry for his service as the Interim Part-time Chairman, noting that he will continue as a Non-Executive Non-Independent Director.

HDFC Bank Ltd has announced its 32nd Annual General Meeting (AGM) scheduled for August 5, 2026, at 2:00 p.m. IST, to be conducted via video conference. The bank has released the Notice of AGM and the Integrated Annual Report for the financial year 2025-26, which includes the Business Responsibility and Sustainability Report. Key agenda items include the adoption of audited financial statements (standalone and consolidated), declaration of dividend for FY 2025-26, re-appointment of director Mr. V. Srinivasa Rangan, and approval of remuneration for Joint Statutory Auditors M/s. Batliboi & Purohit and M/s. B S R & Co. LLP for FY 2026-27, totaling ₹10.40 crore. Additionally, the AGM will seek approval for issuing Perpetual Debt Instruments, Tier II Capital Bonds, and Long-Term Bonds through private placement.

HDFC Bank has reported strong provisional business growth for the quarter ended June 30, 2026. Advances under management saw a year-on-year growth of 10.8% to ₹30,386 billion on average and 12.4% to ₹31,270 billion at period end. Gross advances grew by 15.4% to ₹30,610 billion at period end. Deposits also showed robust growth, with average deposits increasing by 13.3% to ₹30,114 billion and period-end deposits rising by 14.7% to ₹31,705 billion. CASA deposits grew 11.2% on average and 9.4% at period end, while time deposits grew 14.3% on average and 17.4% at period end. These figures are subject to a limited review by the statutory auditors.