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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 | 4.33T | 4.19T | 3.52T | 1.98T | 1.60T | 1.53T |
| Gross Profit | 2.28T | 2.19T | 1.85T | 1.13T | 892.43B | 782.43B |
| EBITDA | 912.79B | 924.57B | 757.81B | 685.87B | 535.98B | 453.69B |
| Net Income | 689.19B | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $164.64B | 20.29 | 14.17% | 3.03% | -1.78% | 0.65% | |
73 Outperform | $85.51B | 14.07 | 11.31% | 3.11% | 1.79% | 30.93% | |
71 Outperform | $79.29B | 18.09 | 8.36% | 3.19% | -20.94% | -18.71% | |
69 Neutral | $79.01B | 10.90 | 19.90% | 9.77% | 11.82% | 3.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $97.77B | 14.29 | 9.14% | 2.31% | -2.84% | 25.48% | |
63 Neutral | $112.18B | 17.68 | 17.41% | 0.85% | 10.85% | 7.98% |
Hdfc Bank Corporate Events
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.
On October 13, 2025, HDFC Bank announced that it received an ESG rating of 70 for FY 2024 from NSE Sustainability Ratings & Analytics Ltd. The rating, independently prepared, highlights the bank’s performance across environmental, social, and governance pillars, with scores of 67, 73, and 72 respectively. Despite recent challenges, including restrictions by the Dubai Financial Services Authority on its DIFC branch due to client onboarding issues and mis-selling allegations, HDFC Bank maintains that these do not materially impact its overall business operations. The bank is actively cooperating with authorities to resolve these issues and continues to uphold its commitment to professional standards.
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 13, 2025, HDFC Bank announced that it will host an earnings call on October 18, 2025, to discuss its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. This event is significant as it provides insights into the bank’s financial performance and strategic direction, potentially impacting its stakeholders 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.
On October 4, 2025, HDFC Bank reported significant growth in its financial metrics for the quarter ending September 2025. The bank’s average advances under management increased by 9.0% year-over-year to ₹27,946 billion, while period-end advances grew by 8.9% to ₹28,690 billion. Additionally, the bank’s average deposits rose by 15.1% year-over-year to ₹27,105 billion, with period-end deposits reaching ₹28,015 billion, marking a 12.1% increase. These figures indicate a robust expansion in the bank’s lending and deposit activities, strengthening its market position and potentially enhancing stakeholder value.
The most recent analyst rating on (HDB) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On October 1, 2025, HDFC Bank announced the resignation of Rahul Shyam Shukla, a senior management personnel, who stepped down due to personal reasons. Shukla, who played a pivotal role in expanding the bank’s SME and rural banking footprint, contributed to the bank’s growth in these sectors, achieving a 30% year-on-year increase in commercial and rural banking over four years. His departure marks a significant change in the bank’s leadership, potentially impacting its strategic direction in these areas.
The most recent analyst rating on (HDB) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.
On September 30, 2025, HDFC Bank announced the retirement of Mr. Parag Rao, the Group Head of Payments Business, Liability Products, Consumer Finance, and Marketing, marking the end of his 23-year tenure. Mr. Rao played a pivotal role in establishing and leading the bank’s payments business, contributing significantly to its market leadership in credit card issuance and merchant acquiring. His leadership also extended to technology, digital banking, and marketing functions, where he helped align the bank’s offerings with market demands. The bank expressed gratitude for his commitment and leadership in achieving strategic objectives.
The most recent analyst rating on (HDB) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Hdfc Bank stock, see the HDB Stock Forecast page.