HDFC Bank Ltd. reported a steady business update for the fourth quarter ended March 31, 2026, with robust balance sheet growth even as deposit traction lagged slightly, according to an exchange filing by the lender. The bank’s gross advances rose about 17% year-on-year to approximately ₹25 lakh crore, up from around ₹21.4 lakh crore a year ago, reflecting sustained strength in retail and SME lending, alongside calibrated growth in corporate loans.
Total deposits increased to roughly ₹23.5 lakh crore, up from nearly ₹20.5 lakh crore a year earlier. However, loan growth outpaced deposit mobilisation, keeping the credit-deposit ratio elevated at around 106–108%. CASA (current and savings account) deposits saw relatively slower growth, with the CASA ratio easing to 37–38% from 38–39% in the previous quarter, indicating some pressure on low-cost deposit mobilisation.
HDFC Bank has scheduled a Board of Directors meeting on April 18 to approve the audited standalone and consolidated financial results for the quarter and the full financial year ended March 31. The board will also consider recommendations for a dividend for FY 2025-26 and the fixation of the record date for the same, as per the filing.
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Looking ahead, key monitorables for the bank include accelerating deposit growth, improving CASA traction, and maintaining margin stability. Asset quality is expected to remain steady, while management focus will be on balancing loan growth with a stronger liability franchise.
Separately, the bank has clarified it does not intend to pursue legal action against its former non-executive chairman, Atanu Chakraborty, following his resignation in March citing governance concerns. Instead, HDFC Bank is prioritising enhancements in third-party sales practices and governance standards.
The lender has already suspended three senior executives and penalised 12 other employees in connection with alleged mis-selling of AT-1 bonds during 2018-19. External legal firms are reviewing internal records and meeting minutes to assess whether timely corrective actions were taken and accountability was ensured, highlighting ongoing efforts to strengthen compliance and internal oversight.
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