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Hdfc Bank
(NYSE:HDB)
Hdfc Bank (HDB) vs. SPDR S&P 500 ETF (SPY)
Hdfc Bank Business Overview & Revenue Model
Hdfc Bank Earnings Call Summary
Hdfc Bank Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.20T | 4.19T | 3.52T | 1.21T | 1.02T | 936.66B |
| Gross Profit | 2.27T | 2.19T | 1.85T | 1.13T | 892.43B | 777.97B |
| EBITDA | 740.74B | 924.57B | 1.05T | 685.87B | 535.98B | 453.69B |
| Net Income | 677.83B | 707.92B | 622.66B | 495.45B | 386.00B | 325.98B |
Balance Sheet | ||||||
| Total Assets | 42.28T | 43.92T | 44.12T | 25.76T | 21.11T | 17.98T |
| Cash, Cash Equivalents and Short-Term Investments | 2.31T | 9.20T | 7.15T | 7.24T | 5.99T | 5.32T |
| Total Debt | 6.53T | 6.35T | 8.09T | 3.24T | 2.19T | 1.48T |
| Total Liabilities | 37.10T | 38.54T | 36.23T | 22.84T | 18.60T | 15.82T |
| Stockholders Equity | 5.02T | 5.22T | 4.56T | 2.91T | 2.50T | 2.16T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.11T | 147.83B | 433.58B | 554.69B | 903.97B |
| Operating Cash Flow | 0.00 | -2.07T | 190.69B | 477.20B | 581.02B | 921.78B |
| Investing Cash Flow | 0.00 | -38.51B | -3.67T | -4.39T | -3.30T | -2.52T |
| Financing Cash Flow | 0.00 | 2.32T | 3.35T | 4.17T | 2.91T | 1.92T |
Hdfc Bank Technical Analysis
Hdfc Bank Risk Analysis
Hdfc Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | 80.94B | 14.04 | 10.82% | 3.16% | 3.60% | 22.68% | |
73 Outperform | 74.21B | 10.39 | 20.54% | 6.49% | 5.44% | 2.81% | |
71 Outperform | 66.34B | 12.83 | 9.67% | 3.81% | 0.76% | -5.74% | |
71 Outperform | 113.70B | 18.20 | 16.26% | 0.80% | 17.32% | 12.99% | |
68 Neutral | $168.54B | 21.88 | 13.78% | 0.20% | 2.48% | 0.37% | |
65 Neutral | 82.16B | 14.05 | 0.00% | 2.36% | -2.22% | 24.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Hdfc Bank Corporate Events
On September 2, 2025, HDFC Bank announced the resignation of Mr. Sachin Suryakant Rane from his role as the Chief of Internal Vigilance, effective from the close of business hours on September 1, 2025. This change in senior management could have implications for the bank’s internal oversight and operational continuity, as Mr. Rane cited personal reasons for his departure and requested an early release from his duties.
On August 28, 2025, HDFC Bank Limited announced the issuance of 7,67,70,39,761 fully paid-up bonus equity shares in a 1:1 ratio to its eligible members. This move effectively doubles the bank’s paid-up share capital to Rs. 15,35,40,79,522, reflecting a strategic effort to enhance shareholder value and strengthen its market position.
On August 21, 2025, HDFC Bank announced the successful passing of resolutions through a postal ballot, including an increase in authorized share capital and the issuance of bonus shares. The resolutions were approved with a significant majority, indicating strong shareholder support. This development is expected to enhance the bank’s capital structure and potentially improve shareholder value, reinforcing its position in the financial sector.
On August 19, 2025, HDFC Bank announced that S&P Global Ratings has upgraded its credit rating to BBB/Stable/A-2 from BBB-/Positive/A-3. This upgrade follows the improvement in India’s sovereign credit rating to the same level. The bank’s standalone credit profile remains at ‘a-‘, reflecting its stable financial position. This development is likely to enhance HDFC Bank’s market positioning and could positively impact its borrowing costs and investor confidence.
On August 13, 2025, HDFC Bank announced that the Reserve Bank of India approved the utilization of the Share Premium Account for issuing bonus shares in a 1:1 ratio, as well as an amendment to increase the authorized share capital. This decision follows the Board’s approval on July 19, 2025, and is subject to member approval via a postal ballot. The move is expected to enhance shareholder value and strengthen the bank’s capital structure, reflecting its strategic focus on growth and market positioning.
On August 8, 2025, HDFC Bank held its 31st Annual General Meeting (AGM) via video conference, chaired by Mr. Atanu Chakraborty. The meeting covered the bank’s financial performance for the year 2024-25, governance, technological transformations, and CSR initiatives. Key resolutions included the adoption of audited financial statements, declaration of dividends, and re-appointment of directors. Additionally, special resolutions were passed for issuing long-term bonds and appointing auditors. The AGM also addressed shareholder queries on topics such as AI integration, cybersecurity, and the bank’s ESG ratings. All proposed resolutions were approved by the shareholders.
On August 1, 2025, HDFC Bank Limited announced an update regarding the issuance of bonus shares, following a previous intimation on July 19, 2025. The bank’s Board of Directors approved a 1:1 bonus share issuance, meaning shareholders will receive one additional equity share for each share held as of the record date, August 27, 2025. This decision also affects the bank’s American Depositary Shares (ADS) listed on the New York Stock Exchange, with the conversion ratio remaining unchanged, and the total ADS will increase in the same 1:1 ratio. The move is subject to approvals from the bank’s members, which are being sought via a postal ballot. This issuance is expected to enhance shareholder value and potentially strengthen HDFC Bank’s market position.
On July 25, 2025, HDFC Bank Limited announced the revision of its Integrated Annual Report for the fiscal year 2024-25. The revision was necessitated by updates needed in the leadership team profiles. This revised report, complying with the Securities and Exchange Commission’s rules, is available on the bank’s website. The update reflects the bank’s commitment to transparency and accurate reporting, potentially impacting stakeholders by providing them with the most current information about the bank’s leadership and operations.
On July 22, 2025, HDFC Bank announced the initiation of a postal ballot process, allowing its members to participate in remote e-voting on various resolutions. The voting period is set to begin on July 23, 2025, and conclude on August 21, 2025. This move is part of HDFC Bank’s efforts to enhance shareholder engagement and streamline decision-making processes through digital platforms.
On July 19, 2025, HDFC Bank’s Board of Directors approved several key financial decisions. The bank released its unaudited financial results for the quarter ending June 30, 2025, and declared a special interim dividend of Rs. 5 per equity share for the fiscal year 2025-26. Additionally, the bank announced an increase in its authorized share capital and a 1:1 bonus share issue, reflecting a strategic move to enhance shareholder value and strengthen its capital base. These actions are expected to positively impact the bank’s market positioning and offer significant benefits to its stakeholders.
On July 16, 2025, HDFC Bank announced a scheduled board meeting on July 19, 2025, to discuss and approve the unaudited financial results for the quarter ending June 30, 2025. The meeting will also consider proposals for declaring a special interim dividend and issuing bonus shares, subject to shareholder approval. The trading window for the bank’s securities is closed until July 21, 2025, for designated employees and their immediate relatives, in line with the bank’s share dealing code.
HDFC Bank Limited announced the filing of its Form 20-F for the fiscal year ending March 31, 2025, with the U.S. Securities and Exchange Commission on July 14, 2025. This filing provides shareholders and stakeholders with access to the bank’s audited financial statements, enhancing transparency and compliance with international financial reporting standards.
On July 14, 2025, HDFC Bank Limited released its financial statements for the six-month periods ending September 30, 2023, and 2024, prepared in accordance with U.S. GAAP. The report highlights the bank’s financial position, showing an increase in total assets and liabilities, reflecting its continued growth and stability in the financial sector. This release provides stakeholders with crucial insights into the bank’s performance and financial health, reinforcing its strong market positioning.
HDFC Bank Limited announced that it will host an earnings call on July 19, 2025, to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. This call will provide an opportunity for analysts and investors to engage with the bank’s senior management regarding the financial performance and strategic direction. The announcement highlights the bank’s commitment to transparency and stakeholder engagement, which could impact its market perception and investor confidence.
HDFC Bank Limited has submitted its Integrated Annual Report for the financial year ending March 31, 2025, to the Securities and Exchange Commission. This submission, dated July 14, 2025, reflects the bank’s compliance with regulatory requirements and provides stakeholders with a comprehensive overview of its financial performance and strategic initiatives for the past year.
On July 11, 2025, HDFC Bank Limited was penalized by the Reserve Bank of India (RBI) with a fine of Rs. 4,88,000 for a contravention related to a loan disbursed in November 2021. The penalty was imposed under the Foreign Exchange Management Act, 1999, due to violations of the Master Direction on Foreign Investment in India. The bank has since taken corrective actions to address the issue, which highlights its commitment to compliance and regulatory standards.
On July 14, 2025, HDFC Bank announced the disclosure of its Integrated Annual Report for the fiscal year 2024-25. The 31st Annual General Meeting (AGM) is scheduled for August 8, 2025, and will be conducted via video conferencing. This announcement underscores the bank’s commitment to transparency and stakeholder engagement, providing insights into its financial performance and strategic initiatives.
On July 7, 2025, HDFC Bank announced its financial performance for the quarter ending June 30, 2025. The bank reported a significant growth in its average advances under management, which increased by 8.3% year-over-year and 1.7% from the previous quarter. Additionally, the bank’s average deposits saw a substantial rise of 16.4% compared to the same quarter last year and 5.1% from the previous quarter. These figures indicate a robust growth trajectory for HDFC Bank, highlighting its strong market positioning and operational efficiency. The bank’s strategic initiatives, including the securitization of loans, have contributed to its financial performance, reflecting positively on its stakeholders.
On July 3, 2025, HDFC Bank announced the successful completion of the Initial Public Offering (IPO) of its subsidiary, HDB Financial Services Limited (HDBFS). The bank offered 1,351,351,35 equity shares of HDBFS at an issue price of Rs. 740 per share, resulting in a net cash consideration of approximately Rs. 9814.52 crore. This move reduced HDFC Bank’s shareholding in HDBFS to 74.19%, while HDBFS continues to operate as a subsidiary. The IPO, approved by the Securities and Exchange Board of India and the Reserve Bank of India, marks a significant step in HDBFS’s growth, positioning it as a key player in the non-banking financial company sector.
On June 23, 2025, HDFC Bank announced that its Board of Directors will meet on July 19, 2025, to review and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2025. Additionally, the bank has imposed a trading window closure from June 24, 2025, to July 21, 2025, for designated employees and their immediate relatives, in accordance with its share dealing code. This announcement is significant as it outlines the bank’s compliance with regulatory requirements and its commitment to transparent financial reporting, which is crucial for maintaining stakeholder trust and confidence.
On June 24, 2025, HDFC Bank Limited announced the price band for the Initial Public Offering (IPO) of its subsidiary, HDB Financial Services Limited (HDBFS), set between Rs. 700 and Rs. 740 per equity share. The bank’s Board of Directors had approved the transfer of shares on June 19, 2025, as part of an Offer for Sale related to the IPO, which were subsequently moved to an escrow account. This strategic move is expected to enhance HDBFS’s market presence and provide liquidity to HDFC Bank, potentially impacting its financial standing and stakeholder interests.
On June 20, 2025, HDFC Bank’s Board of Directors convened to discuss several key decisions. The bank announced the scheduling of its 31st Annual General Meeting (AGM) for August 8, 2025, which will be conducted via video conferencing. Additionally, the Board approved a dividend payment of Rs. 22 per equity share, contingent upon shareholder approval at the AGM, with the payment date set for August 11, 2025. Furthermore, the Board approved the appointment of M/s. B S R & Co. LLP as one of the Joint Statutory Auditors for a three-year term, replacing M/s. Price Waterhouse LLP, subject to shareholder and Reserve Bank of India approvals. This strategic move aims to ensure compliance with regulatory guidelines and maintain robust financial oversight.
On June 19, 2025, HDB Financial Services Limited, a subsidiary of HDFC Bank, filed a Red Herring Prospectus with the Registrar of Companies in Ahmedabad for its upcoming Initial Public Offering (IPO). The IPO will consist of a fresh issue of equity shares worth ₹25,000 million and an offer for sale of shares worth ₹100,000 million by HDFC Bank. The offering includes a reservation for eligible employees and HDFC Bank shareholders, with the bidding scheduled to open on June 25, 2025, and close on June 27, 2025. This move marks a significant step in HDB Financial Services’ market expansion and provides an opportunity for stakeholders to invest in the company’s growth.
HDFC Bank announced the resignation of Mr. Vinay Razdan from his position as Chief Human Resource Officer, effective from the close of business hours on June 18, 2025. This change in senior management could have implications for the bank’s human resources strategy and overall operational dynamics, as the bank navigates this transition period.