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HDFC Bank reported strong business momentum in Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: HDFC Bank reported strong business momentum in Q1FY27 (provisional), with gross advances (period-end) rising to ₹30.61 lakh crore, up 15.4% YoY (3.4% QoQ). Total deposits (period-end) stood at ₹31.71 lakh crore, up 14.7% YoY (2.1% QoQ). CASA deposits (period-end) increased to ₹10.26 lakh crore, up 9.4% YoY (-3.3% QoQ), while time deposits grew to ₹21.45 lakh crore, up 17.4% YoY (4.9% QoQ).

View: Business momentum remained steady, with sequential advances and deposits continuing to register healthy growth. While CASA moderated sequentially, the overall funding profile remains comfortable and does not alter the bank’s structural growth outlook.

Impact: Positive

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