HDFC Bank

HDFC Bank shares edged higher after India’s largest private lender reported a solid second-quarter performance, buoyed by healthy loan growth and improved asset quality. Despite tighter margins and higher operating costs, the bank’s resilience in deposit mobilization and sustained retail lending drove investor optimism. Market analysts interpreted the results as a signal of the bank’s continued ability to navigate an evolving interest rate environment while maintaining profitability.

HDFC Bank reported a 10% year-on-year increase in consolidated net profit for the second quarter of FY2024–25, reaching Rs. 19,610 crore, reflecting strong growth across retail, corporate, and mortgage lending. The bank’s performance was supported by stable net interest margins, controlled operating costs, and disciplined risk management, while fee-based income and digital initiatives contributed to revenue diversification. Asset quality remained robust, with low non-performing assets (NPAs) and healthy provisioning buffers.

HDFC Bank, India’s largest private sector lender by market capitalization, has announced a significant step in its global expansion strategy by strengthening its presence in Dubai. The move is designed to serve the rapidly growing Indian diaspora in the Middle East, enhance trade financing opportunities, and deepen cross-border banking relationships. With Dubai positioned as a strategic financial hub connecting Asia, Europe, and Africa, the bank’s initiative is seen as part of a broader ambition to diversify its revenue base and align with India’s expanding global economic influence.

HDFC Bank, India’s largest private sector lender, has been restricted by the Dubai Financial Services Authority (DFSA) from onboarding or soliciting new clients at its Dubai International Financial Centre (DIFC) branch. The directive, effective September 25, 2025, arises from concerns over compliance practices, particularly in client classification and onboarding procedures. While the order does not affect existing clients or previously initiated accounts, it highlights the increasing regulatory scrutiny faced by Indian banks abroad.

VinFast, the Vietnamese electric vehicle manufacturer, has entered a strategic partnership with HDFC Bank to facilitate tailored auto financing options for its customers in India. This collaboration aims to enhance accessibility and affordability of VinFast’s electric vehicles by leveraging HDFC Bank’s extensive lending infrastructure and financial expertise. The alliance is poised to accelerate the adoption of electric mobility in the Indian market by providing flexible financing schemes, thereby supporting the country’s sustainability goals.

HDB Financial Services, the non-banking financial arm of HDFC Bank, made a notable debut on Indian stock exchanges, listing at a 13% premium over its issue price of Rs. 740. The Rs. 12,500-crore initial public offering, which included a Rs. 10,000-crore offer-for-sale by HDFC Bank, marked a major milestone for the lender’s long-nurtured subsidiary. While institutional demand proved exceptionally strong, retail interest was moderate.

The Indian equity markets witnessed robust momentum last week, with nine out of the ten most valued companies collectively increasing their market capitalization by Rs 2,34,565.53 crore. Reliance Industries spearheaded this surge, gaining nearly Rs 69,557 crore, followed closely by Bharti Airtel and HDFC Bank. This bullish trend coincided with the BSE benchmark climbing 1,650.73 points, or 2 percent. However, Infosys was the sole laggard, registering a decline in its valuation.

Sashidhar Jagdishan, Managing Director and CEO of HDFC Bank, has filed a petition in the Bombay High Court seeking to nullify an FIR lodged against him over allegations of financial misconduct. The complaint was initiated by the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which governs the prominent Lilavati Hospital in Mumbai. The FIR follows a magistrate court’s directive to investigate claims of fraud and misuse of funds. While the Trust accuses Jagdishan of personal involvement in the alleged misappropriation of Rs.

HDFC Bank has strongly refuted allegations of financial impropriety leveled against its Managing Director and CEO, Sashidhar Jagdishan, by the Lilavati Kirtilal Mehta Medical Trust. The bank dismissed these claims as unfounded and malicious, highlighting a protracted legal conflict with the Trust’s trustees, particularly Prashant Mehta and his family. This dispute, HDFC Bank contends, stems from attempts to evade repayment of long-standing debts, with allegations framed as retaliatory measures.

In a week marked by mixed performance in equity markets, Life Insurance Corporation of India (LIC) emerged as the biggest gainer, adding ₹59,233.61 crore to its market capitalization. Despite a 0.33% decline in the BSE benchmark, LIC's impressive growth helped offset the losses seen by other major players like Reliance Industries, TCS, and Infosys. Among the top 10 most valued firms, a combined market valuation increase of ₹1,01,369.5 crore was recorded.