Highlights

• Average advances under management reached ₹28,639 billion, up 9.0% year-on-year.
• Period-end advances totaled ₹29,460 billion, a 9.8% increase over December 2024.
• Gross advances at period-end rose 11.9% to ₹28,445 billion compared with the previous year.

HDFC Bank (NSE:HDFCBANK) shares were trading at ₹929.65 on 14 January 2026, down 0.82% intraday, and has declined 6.67% over the past month. On a 12-month basis, the stock is up 12.95%. By contrast, the Nifty Bank index (NSE: NIFTY_BANK) stood at 59,690.45, up 111.65 points (0.19%) on the day, gaining 0.38% over the past month and 22.49% over the past year.

Although HDFC Bank has underperformed the Nifty Bank index over both short- and long-term periods, brokerages remain optimistic. Jefferies has a buy rating with a target of ₹1,240, Dam Capital Advisors assigns a target of ₹1,200, and B. L. K. Securities India Pvt Ltd targets ₹1,190.

The bank’s latest quarterly performance is also under review as it reports growth in both advances and deposits for the December 2025 quarter.

Advances Show Steady Increase

In the December 2025 quarter, HDFC Bank’s average advances under management were approximately ₹28,639 billion, up around 9.0% from ₹26,276 billion in the same period last year. Period-end advances reached ₹29,460 billion, reflecting a 9.8% year-on-year increase, while period-end gross advances totaled ₹28,445 billion, up 11.9% compared with ₹25,426 billion in December 2024. This growth reflects ongoing credit demand across retail and corporate segments.

Deposits Expand Across CASA and Time Buckets

The bank’s average deposits during the quarter were ₹27,524 billion, increasing 12.2% from ₹24,528 billion in the corresponding December 2024 period. Average CASA deposits reached ₹8,984 billion, up 9.9%, while average time deposits rose 13.4% to ₹18,539 billion. At the end of December 2025, total deposits were approximately ₹28,595 billion, up 11.5% from ₹25,638 billion a year earlier. CASA deposits ended the period at ₹9,610 billion, a 10.1% rise, and time deposits reached ₹18,985 billion, growing 12.3% compared with December 2024.

HDFC Bank’s December 2025 quarter shows consistent growth in lending and deposits even as the stock trails the broader banking index. With broker buy ratings in place, investors may watch the bank closely for signs of sustained market recovery.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Copyright 2025 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.