HDFC Bank Shares Fall 0.6% Despite Positive Brokerage Commentary Post-RBI Policy

HDFC Bank shares declined 0.6% to ₹959.50 during trading, opening at ₹952 near the day's low with sell quantity exceeding buy quantity at 8.24 lakh versus 6 lakh shares. Jefferies maintained its positive stance on HDFC Bank along with Axis, ICICI, and SBI, noting that unchanged interest rates provide relief for private banks.

Brokerage Insights

Jefferies highlighted that the upcoming ECL (Expected Credit Loss) transition starting April 2027 will result in one-time charges, though the impact can be partially offset through lower risk weights over five years. Naveen Kulkarni from Axis Securities PMS said RBI's decision to keep repo rates unchanged was expected, noting GST rate rationalization should support festive season consumption while US tariff-related headwinds remain concerning.

Banking Sector Outlook

The banking sector's second quarter is expected to remain challenging with:

Tepid credit growth
Margin pressures
Weaker treasury performance
Higher credit costs

Analysts anticipate improvement from the second half with NIMs (Net Interest Margins) expected to bottom out, supported by deposit repricing and CRR (Cash Reserve Ratio) cut.

HDFC Bank Performance

HDFC Bank has traded between ₹806.50 and ₹1,018.85 over the past year with current market capitalization at ₹14.74 lakh crore.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.11%	+1.45%	+5.39%	+4.87%	+16.23%	+63.26%

HDFC Bank , one of India's leading private sector banks, has announced the resignation of Rahul Shyam Shukla, a senior management member, effective October 1, 2025. The bank disclosed this information in a regulatory filing to the stock exchanges.

Resignation Details

According to the bank's statement, Mr. Shukla has tendered his resignation citing personal reasons. The resignation has been accepted by HDFC Bank, marking the end of his tenure with the financial institution.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, HDFC Bank has provided the following details:

Information	Details
Name of the Senior Management Personnel	Mr. Rahul Shyam Shukla
Reason for change	Resignation for personal reasons
Date of cessation	October 1, 2025

Bank's Statement

In its communication to the stock exchanges, HDFC Bank stated, "The Bank would like to wish him all the best for his future endeavours." This standard farewell message indicates an amicable departure.

Impact and Transition

While the bank has not provided specific information about Mr. Shukla's role or his potential replacement, changes in senior management can be significant for large financial institutions like HDFC Bank. Shareholders and market analysts will likely be keen to understand any potential impact on the bank's operations or strategy going forward.

HDFC Bank continues to be a major player in the Indian banking sector, and the management's handling of this transition will be of interest to stakeholders. As of now, no further details have been disclosed regarding the circumstances of the resignation or the bank's plans to fill the position.

Investors and customers of HDFC Bank are advised to stay tuned for any further announcements from the bank regarding changes in its senior management structure or any potential impact on its business operations.