HDFC Bank reported robust growth in its loan book and deposits for the quarter ended June 30, 2026, signaling strong business momentum in Q1FY27. The bank's gross advances aggregated to approximately ₹30,610 billion, a growth of 15.4% compared to ₹26,532 billion in the corresponding period of the previous year. This expansion in credit was accompanied by a healthy rise in customer deposits, which reached ₹31,705 billion, marking a 14.7% increase from ₹27,641 billion as of June 30, 2025.

Advances and Asset Growth

The bank's average advances under management for the June 2026 quarter stood at ₹30,386 billion, reflecting a growth of 10.8% over ₹27,423 billion in the June 2025 quarter. On a period-end basis, advances under management grew 12.4% to ₹31,270 billion from ₹27,820 billion a year ago. The gross advances figure, which excludes inter-bank participation certificates and securitisation, showed the strongest growth at 15.4%.

Deposit Mobilisation

Deposit growth was broad-based across categories. Average deposits for the quarter rose 13.3% to ₹30,114 billion from ₹26,576 billion. The bank's Current Account Savings Account (CASA) deposits grew by 11.2% on an average basis to ₹9,570 billion, while time deposits saw a sharper increase of 14.3% to ₹20,544 billion. On a period-end basis, CASA deposits increased 9.4% to ₹10,255 billion, whereas time deposits surged 17.4% to ₹21,450 billion.

Key Business Volumes

The following table summarizes the key business figures for the periods specified:

*gross of inter-bank participation certificates, bills rediscounted and securitisation / assignment

The results of the bank as of June 30, 2026, will be subjected to a limited review by the statutory auditors.

HDFC Bank has appointed Mr. Puneet Sharma as its Chief Financial Officer (CFO) and Mr. Jigar Shah as its General Counsel, effective December 1, 2026, and October 1, 2026, respectively. The Board of Directors approved these appointments at its meeting held on June 29, 2026, based on the recommendations of the Audit Committee and Governance, Nomination and Remuneration Committee. These leadership changes are significant for the bank's strategic governance and regulatory compliance framework.

Mr. Puneet Sharma will assume the role of CFO-Designate on September 1, 2026, before officially taking charge as CFO on December 1, 2026. Upon assuming office, he will be designated as a Key Managerial Person under Section 203 of the Companies Act, 2013. He meets the qualifications prescribed by the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for the appointment of a chief financial officer.

Mr. Jigar Shah is appointed as General Counsel – Designate effective August 20, 2026, and will serve as General Counsel starting October 1, 2026. Both appointees will be part of the bank's Senior Management Personnel from their respective dates of joining as designates. The appointments were disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Profiles

The appointees bring extensive experience from the financial services sector. Mr. Sharma has over 26 years of experience in banking, financial services, and strategy. He previously served as the Group Executive and CFO of Axis Bank Limited and was the CFO at Tata Capital Limited. He is a Chartered Accountant and holds a Post Graduate Programme in Management from the Indian School of Business, Hyderabad.

Mr. Shah possesses over three decades of experience in legal, compliance, governance, and regulatory matters within the banking and financial services sector. His previous roles include Managing Director at KKR India, where he headed Legal & Compliance, and Managing Director and Head of Legal – India at JPMorgan Chase Bank. He holds an LLB (Hons.) from the University of Leicester, United Kingdom, and is admitted as a Solicitor in England and Wales.

Appointment Details