HDFC Bank

Quick check

The five things to look at first. Open one for more.

• DebtHighest safetyRated AAA by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 9.4% and profit rose 5.8% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• ValuationCheap vs its pastThe share trades at 13.2 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 26.

HDFC Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)13.2 against a typical 12.3: pricier than most peers (1st = cheapest).12th of 20
• Sales growth+9.4% against a typical +16.2% from a year earlier.17th of 20
• Profit growth+5.8% against a typical +34.9% from a year earlier.18th of 19
• Share price, 3 months−8.4% against a typical −5.9%.14th of 20
• Size₹ 10,66,989.8 Cr. market value against a typical ₹ 32,210 Cr. (1st = largest).1st of 17

Exchange filings and their impact on the company.

• 27 Oct 2026General UpdatesLow impactNeutralPrice −1.1% that day
  HDFC Bank completes planned MD & CEO handover from Sashidhar Jagdishan to Anup Bagchi.

  HDFC Bank said MD & CEO Sashidhar Jagdishan vacated office at close of business on October 26, 2026 on completion of his tenure. Anup Bagchi has assumed charge as MD & CEO effective October 27, 2026. The bank said details were already disclosed on October 1, 2026, and thanked Jagdishan for his stewardship including the large merger, while welcoming Bagchi's leadership.

  Full analysisFiling
• 23 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −0.7% on 26 Oct
  Strong loan and deposit momentum with margins at bottom signals double-digit growth ahead.

  HDFC Bank's Q2 FY27 earnings call reported deposits up 18.8% year-on-year, total loans up 15.3%, retail disbursements of over Rs 90,000 crore, GNPA at 1.11% and NIM at 3.32% guided as the bottom. Management expects margins to improve from Q3 on repo-rate repricing and higher retail and MSME mix. Outgoing CEO Sashidhar Jagdishan handed over to new CEO Anup Bagchi, while Deputy MD Kaizad Bharucha sought early retirement by December.

  Full analysisFiling
• 17 Oct 2026General UpdatesLow impactNeutralPrice −2.3% on 19 Oct
  HDFC Bank Deputy MD Kaizad Bharucha to exit on Dec 31, 2026 after three decades; Independent Director Lily Vadera reappointed for 3 years.

  HDFC Bank said Deputy Managing Director Kaizad Bharucha has sought to leave the bank after more than three decades, with cessation effective Dec 31, 2026, subject to RBI approval. The board accepted his request and praised his role in building the bank's credit framework. Separately, the board approved re-appointment of Independent Director Lily Vadera, former RBI Executive Director, for three years from Nov 26, 2026 to Nov 25, 2029, subject to shareholder approval.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sashidhar Jagdishan

Chief Executive Officer, Managing Director, Executive Director

Puneet Sharma

Chief Financial Officer - Designate

Srinivasan Vaidyanathan

Chief Financial Officer (Group Head - Finance including Business Intelligence Unit, Corporate Communications)

Ramesh Lakshminarayanan

Chief Information Officer

Rakesh Kumar Rajput

Group Head - Compliance, Group Chief Compliance Officer

Sanmoy Chakrabarti

Group Chief Risk Officer (Group Head - Integrated Risk Management, Market Risk, ORMG, Risk Management, Treasury Mid office)

Jigar Shah

General Counsel - Designate

Kaizad Bharucha

Deputy Managing Director, Executive Director