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Hdfc Bank
(NYSE:HDB)
Hdfc Bank (HDB) vs. SPDR S&P 500 ETF (SPY)
Hdfc Bank Business Overview & Revenue Model
Hdfc Bank Earnings Call Summary
Hdfc Bank Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.34T | 4.19T | 3.52T | 1.98T | 1.60T | 1.53T |
| Gross Profit | 2.16T | 2.19T | 1.85T | 1.13T | 892.43B | 782.43B |
| EBITDA | 873.84B | 924.57B | 757.81B | 685.87B | 535.98B | 453.69B |
| Net Income | 692.23B | 673.51B | 622.66B | 495.45B | 386.00B | 325.98B |
Balance Sheet | ||||||
| Total Assets | 45.15T | 48.19T | 44.12T | 25.76T | 21.11T | 17.98T |
| Cash, Cash Equivalents and Short-Term Investments | 1.77T | 9.20T | 9.93T | 7.24T | 4.34T | 5.32T |
| Total Debt | 6.00T | 7.46T | 8.15T | 3.24T | 2.34T | 1.48T |
| Total Liabilities | 39.50T | 39.56T | 36.23T | 22.84T | 18.60T | 15.82T |
| Stockholders Equity | 5.43T | 7.68T | 6.95T | 2.91T | 2.50T | 2.16T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.13T | 968.48B | 433.58B | 554.69B | 903.97B |
| Operating Cash Flow | 0.00 | 1.20T | 1.02T | 477.20B | 581.02B | 921.78B |
| Investing Cash Flow | 0.00 | -3.72T | -3.67T | -4.39T | -3.30T | -2.52T |
| Financing Cash Flow | 0.00 | 2.42T | 3.35T | 4.17T | 2.91T | 1.92T |
Hdfc Bank Technical Analysis
Hdfc Bank Risk Analysis
Hdfc Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $86.34B | 13.34 | 11.99% | 3.11% | 1.79% | 30.93% | |
71 Outperform | $156.12B | 19.33 | 14.06% | 3.03% | -1.78% | 0.65% | |
71 Outperform | $84.46B | 19.32 | 8.36% | 3.19% | -20.94% | -18.71% | |
69 Neutral | $106.40B | 17.32 | 16.66% | 0.85% | 10.85% | 7.98% | |
69 Neutral | $94.65B | 12.99 | 19.89% | 9.77% | 11.82% | 3.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $106.82B | 15.88 | 9.14% | 2.31% | -2.84% | 25.48% |
Hdfc Bank Corporate Events
On January 17, 2026, HDFC Bank’s board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, reporting continued growth in interest income and net profit, supported by higher other income and controlled operating expenses, with no exceptional items booked in the period. At the same meeting, the board recorded that Executive Director Bhavesh Zaveri will retire from his role at the close of business on April 18, 2026, after deciding not to seek reappointment in order to pursue opportunities outside the banking sector, marking a forthcoming change in the bank’s senior leadership while the board formally acknowledged his long service.
The most recent analyst rating on (HDB) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On January 12, 2026, HDFC Bank Limited, a major Indian private sector bank with diversified retail and corporate banking operations, filed a Form 6-K with the U.S. Securities and Exchange Commission in connection with its upcoming earnings communication. The bank announced it will host an earnings call with analysts and investors on January 17, 2026, at 18:00 IST to discuss its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, underscoring its ongoing engagement with global capital markets and providing stakeholders with an opportunity to assess recent operating performance and financial trends ahead of the formal results release.
The most recent analyst rating on (HDB) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
In an intimation dated January 5, 2026, HDFC Bank reported that its lending and deposit franchises continued to expand solidly through the December 2025 quarter. Average advances under management for the quarter reached ₹28,639 billion, up about 9.0% year-on-year from ₹26,276 billion in the December 2024 quarter, while period-end advances under management rose 9.8% to approximately ₹29,460 billion as of December 31, 2025; period-end gross advances grew an even stronger 11.9% to approximately ₹28,445 billion over the same 12-month period. On the liability side, average deposits for the December 2025 quarter increased 12.2% year-on-year to ₹27,524 billion, driven by 13.4% growth in average time deposits to ₹18,539 billion and 9.9% growth in average CASA deposits to ₹8,984 billion, with period-end total deposits up 11.5% to roughly ₹28,595 billion and CASA balances up 10.1% to about ₹9,610 billion as of December 31, 2025. These figures underscore continued balance sheet expansion and stable funding growth for the bank ahead of its limited review results for the quarter by statutory auditors, signaling sustained scale and franchise strength for lenders, depositors and investors, even as detailed profitability and asset quality metrics await formal quarterly financial disclosures.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On December 23, 2025, HDFC Bank Limited announced that its Board of Directors will meet on January 17, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. In line with its share dealing code and securities regulations, the bank has imposed a trading window closure for designated employees and their immediate relatives from December 25, 2025 to January 19, 2026, underscoring its adherence to insider trading norms ahead of a key earnings disclosure that will be closely watched by investors and regulators.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank Limited through its group entities. Valid until December 14, 2026, the decision aligns with RBI’s regulations concerning aggregate holdings by banks, body corporates, and promoter groups. Although HDFC Bank does not intend to directly invest in IndusInd, the approval ensures compliance for its entities as their investments exceed prescribed limits, potentially strengthening its market presence and compliance framework.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On December 11, 2025, HDFC Bank’s Board of Directors approved the elevation of three employees to Group Head positions, effective from December 1, 2025. Anil Bhavnani, with extensive experience in banking, was appointed as Group Head of Transportation and Infrastructure Finance Group. Ravi SSN, known for his strategic insight and strong relationships in corporate banking, was named Group Head of Large Local Corporates and PSU. Sameer Ratolikar, who has been instrumental in enhancing the bank’s cybersecurity framework, was promoted to Group Head and Chief Information Security Officer. These appointments reflect HDFC Bank’s strategic focus on strengthening its leadership team to drive growth and enhance its market position.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On December 9, 2025, HDFC Bank received an ESG rating of 73 for FY 2025 from NSE Sustainability Ratings & Analytics Ltd., which was independently prepared based on public information. The rating reflects the bank’s performance in managing environmental, social, and governance issues, with scores of 77 in Environment, 69 in Social, and 74 in Governance. This rating positions HDFC Bank as a leader in ESG practices, highlighting its efforts in reducing greenhouse gas emissions and maintaining a strong governance structure. However, the bank has faced recent challenges, including allegations of financial fraud against its CEO and regulatory scrutiny over mis-selling high-risk bonds. These issues have implications for its reputation and regulatory compliance, potentially affecting stakeholder trust and market positioning.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On November 28, 2025, HDFC Bank Limited disclosed that the Reserve Bank of India (RBI) imposed a penalty of Rs. 91,00,000 on the bank. This penalty, received via email, relates to contraventions of various RBI directions, including those on interest rates, outsourcing of financial services, and KYC guidelines. The penalty is based on the bank’s financial position as of March 31, 2024. In response, HDFC Bank has taken corrective actions to address the issues and is now in compliance with the relevant RBI directions.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On November 28, 2025, HDFC Bank announced the appointment of Mr. Vibhash Naik as the new Chief Human Resource Officer, effective February 1, 2026. Mr. Naik, who previously served as the CHRO at HDFC Life Insurance Company Limited, brings over 25 years of experience in talent management and HR technology. His appointment is expected to enhance the bank’s human resource strategies and strengthen its management team.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On November 17, 2025, India Ratings and Research Private Limited assigned and affirmed various credit ratings for HDFC Bank’s financial instruments. The ratings include an IND AAA/Stable for long-term issuer ratings, fixed deposits, infrastructure bonds, and Basel-III compliant Tier 2 bonds, while certificates of deposit received an IND A1+ rating. These ratings reflect the bank’s robust financial position and stability, reinforcing its strong standing in the financial market.
The most recent analyst rating on (HDB) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On October 30, 2025, HDFC Bank announced the re-appointment of Mr. Kaizad Bharucha as Deputy Managing Director for a period of three years, subject to approval from the Reserve Bank of India and the bank’s shareholders. Mr. Bharucha, who joined HDFC Bank in 1995, has played a pivotal role in the bank’s strategic growth, mergers, and acquisitions, and has been influential in various domains including business, credit, risk management, and corporate social responsibility. His leadership has been crucial in navigating economic challenges and driving the bank’s technology transformation.
The most recent analyst rating on (HDB) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On October 18, 2025, HDFC Bank’s Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The bank reported a net profit of ₹20,363.77 crore for the quarter, reflecting its robust financial performance. This announcement highlights HDFC Bank’s continued growth and stability in the financial sector, reinforcing its position as a leading bank in India. The financial results are crucial for stakeholders as they indicate the bank’s operational efficiency and profitability, impacting investor confidence and market positioning.
The most recent analyst rating on (HDB) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.