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HDFC Bank reported steady business momentum in Q2FY27

ICICIdirect Research 05 Oct 2026 DISCLAIMER

News: HDFC Bank reported steady business momentum in Q2FY27, with gross advances (period-end) rising to ₹32.20 lakh crore, up 16.3% YoY (5.2% QoQ). Total deposits (period-end) stood at ₹33.28 lakh crore, up 18.8% YoY (4.9% QoQ). CASA deposits increased to ₹10.52 lakh crore, up 10.8% YoY (2.6% QoQ), while time deposits grew to ₹22.76 lakh crore, up 22.8% YoY (6.1% QoQ). Consequently, the CASA ratio moderated to ~31.6% (vs ~32.3% in Q1FY27).

View: Steady business momentum continued during the quarter, with deposit growth remaining ahead of advances on a YoY basis and sequential trends broadly balanced. Strong time-deposit mobilisation, aided by FCNR(B) inflows, provides adequate funding support, while the softer CASA mix could cap near-term margin upside and CD ratio remains broadly stable.

Impact: Positive

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