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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 | 3.37T | 4.19T | 3.52T | 1.13T | 911.86B | 777.97B |
| Gross Profit | 2.83T | 2.19T | 1.85T | 1.13T | 911.86B | 777.97B |
| EBITDA | 810.79B | 924.57B | 757.81B | 685.87B | 535.98B | 453.69B |
| Net Income | 705.75B | 707.92B | 640.62B | 495.45B | 386.00B | 325.98B |
Balance Sheet | ||||||
| Total Assets | 44.56T | 43.92T | 44.12T | 25.76T | 21.11T | 17.98T |
| Cash, Cash Equivalents and Short-Term Investments | 2.15T | 9.20T | 9.93T | 7.24T | 5.99T | 5.32T |
| Total Debt | 6.00T | 6.35T | 8.15T | 3.24T | 2.19T | 1.48T |
| Total Liabilities | 38.93T | 38.54T | 36.23T | 22.84T | 18.60T | 15.82T |
| Stockholders Equity | 5.43T | 5.22T | 4.56T | 2.91T | 2.50T | 2.16T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.11T | 147.83B | 433.58B | 554.69B | 903.97B |
| Operating Cash Flow | 0.00 | -2.07T | 190.69B | 477.20B | 581.02B | 921.78B |
| Investing Cash Flow | 0.00 | -38.51B | -3.67T | -4.39T | -3.30T | -2.52T |
| Financing Cash Flow | 0.00 | 2.32T | 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $70.65B | 11.58 | 11.31% | 3.68% | 1.94% | 30.93% | |
73 Outperform | $116.61B | 18.75 | 17.41% | 0.78% | 10.85% | 7.98% | |
73 Outperform | $70.22B | 9.82 | 20.49% | 6.26% | 5.44% | 2.81% | |
70 Outperform | $174.98B | 22.29 | 14.17% | 0.19% | -1.78% | 0.65% | |
70 Neutral | $65.38B | 12.92 | 10.06% | 3.78% | 0.76% | -5.74% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $75.22B | 13.19 | 8.69% | 1.53% | -2.22% | 24.37% |
Hdfc Bank Corporate Events
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.
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.
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.
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.
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.
On September 26, 2025, HDFC Bank’s Dubai International Financial Centre (DIFC) branch received a decision notice from the Dubai Financial Services Authority (DFSA), prohibiting it from soliciting or conducting business with new clients in certain financial services. The prohibition, which does not affect existing clients, stems from issues related to customer onboarding and financial services arrangements. Despite the restrictions, the impact on HDFC Bank’s overall operations and financial position is expected to be minimal, as the DIFC branch’s business is not material to the bank’s financial standing.
On September 23, 2025, HDFC Bank announced that its Board of Directors will meet on October 18, 2025, to review and approve the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. Additionally, the bank has implemented a trading window closure from September 24 to October 20, 2025, for designated employees and their immediate relatives, in accordance with the bank’s share dealing code.
On September 2, 2025, HDFC Bank announced the resignation of Mr. Sachin Suryakant Rane from his role as the Chief of Internal Vigilance, effective from the close of business hours on September 1, 2025. This change in senior management could have implications for the bank’s internal oversight and operational continuity, as Mr. Rane cited personal reasons for his departure and requested an early release from his duties.
On August 28, 2025, HDFC Bank Limited announced the issuance of 7,67,70,39,761 fully paid-up bonus equity shares in a 1:1 ratio to its eligible members. This move effectively doubles the bank’s paid-up share capital to Rs. 15,35,40,79,522, reflecting a strategic effort to enhance shareholder value and strengthen its market position.
On August 21, 2025, HDFC Bank announced the successful passing of resolutions through a postal ballot, including an increase in authorized share capital and the issuance of bonus shares. The resolutions were approved with a significant majority, indicating strong shareholder support. This development is expected to enhance the bank’s capital structure and potentially improve shareholder value, reinforcing its position in the financial sector.
On August 19, 2025, HDFC Bank announced that S&P Global Ratings has upgraded its credit rating to BBB/Stable/A-2 from BBB-/Positive/A-3. This upgrade follows the improvement in India’s sovereign credit rating to the same level. The bank’s standalone credit profile remains at ‘a-‘, reflecting its stable financial position. This development is likely to enhance HDFC Bank’s market positioning and could positively impact its borrowing costs and investor confidence.
On August 13, 2025, HDFC Bank announced that the Reserve Bank of India approved the utilization of the Share Premium Account for issuing bonus shares in a 1:1 ratio, as well as an amendment to increase the authorized share capital. This decision follows the Board’s approval on July 19, 2025, and is subject to member approval via a postal ballot. The move is expected to enhance shareholder value and strengthen the bank’s capital structure, reflecting its strategic focus on growth and market positioning.
On August 8, 2025, HDFC Bank held its 31st Annual General Meeting (AGM) via video conference, chaired by Mr. Atanu Chakraborty. The meeting covered the bank’s financial performance for the year 2024-25, governance, technological transformations, and CSR initiatives. Key resolutions included the adoption of audited financial statements, declaration of dividends, and re-appointment of directors. Additionally, special resolutions were passed for issuing long-term bonds and appointing auditors. The AGM also addressed shareholder queries on topics such as AI integration, cybersecurity, and the bank’s ESG ratings. All proposed resolutions were approved by the shareholders.
On August 1, 2025, HDFC Bank Limited announced an update regarding the issuance of bonus shares, following a previous intimation on July 19, 2025. The bank’s Board of Directors approved a 1:1 bonus share issuance, meaning shareholders will receive one additional equity share for each share held as of the record date, August 27, 2025. This decision also affects the bank’s American Depositary Shares (ADS) listed on the New York Stock Exchange, with the conversion ratio remaining unchanged, and the total ADS will increase in the same 1:1 ratio. The move is subject to approvals from the bank’s members, which are being sought via a postal ballot. This issuance is expected to enhance shareholder value and potentially strengthen HDFC Bank’s market position.
On July 25, 2025, HDFC Bank Limited announced the revision of its Integrated Annual Report for the fiscal year 2024-25. The revision was necessitated by updates needed in the leadership team profiles. This revised report, complying with the Securities and Exchange Commission’s rules, is available on the bank’s website. The update reflects the bank’s commitment to transparency and accurate reporting, potentially impacting stakeholders by providing them with the most current information about the bank’s leadership and operations.
On July 22, 2025, HDFC Bank announced the initiation of a postal ballot process, allowing its members to participate in remote e-voting on various resolutions. The voting period is set to begin on July 23, 2025, and conclude on August 21, 2025. This move is part of HDFC Bank’s efforts to enhance shareholder engagement and streamline decision-making processes through digital platforms.
On July 19, 2025, HDFC Bank’s Board of Directors approved several key financial decisions. The bank released its unaudited financial results for the quarter ending June 30, 2025, and declared a special interim dividend of Rs. 5 per equity share for the fiscal year 2025-26. Additionally, the bank announced an increase in its authorized share capital and a 1:1 bonus share issue, reflecting a strategic move to enhance shareholder value and strengthen its capital base. These actions are expected to positively impact the bank’s market positioning and offer significant benefits to its stakeholders.