HDFC Bank has reported a sharp improvement in loan growth during the September 2026 quarter, signalling stronger credit momentum at India’s largest private-sector lender.
According to the bank’s provisional Q2 FY27 data, period-end advances under management grew 15.3% year-on-year to around ₹33.07 lakh crore. This marks a significant acceleration compared with 10% growth in September 2025 and just 7.1% in September 2024. Gross advances were even stronger, rising 16.3% YoY to around ₹32.20 lakh crore.
Deposit mobilisation also remained strong. Total period-end deposits increased 18.8% YoY to approximately ₹33.27 lakh crore. Time deposits grew 22.8%, while CASA deposits increased 10.8%.
One factor supporting the quarter was HDFC Bank’s mobilisation of around $11.5 billion through FCNR(B) deposits under the RBI’s special swap facility. Its overseas branches extended about $5.7 billion in loans against these deposits.
HDFC Bank’s Q2 update shows a clear recovery in credit growth after the slower post-merger period. The jump from 7.1% loan growth two years ago to 15.3% now is encouraging, but the high credit-to-deposit ratio means investors will also be watching deposit quality, margins and the sustainability of this growth closely.
HDFC Bank ne September 2026 quarter mein loan growth mein strong improvement report ki hai, jo India ke sabse bade private-sector bank ke credit momentum mein recovery ka signal de raha hai.
Bank ke provisional Q2 FY27 data ke according, period-end advances under management 15.3% YoY badhkar lagbhag ₹33.07 lakh crore ho gaye. Ye growth September 2025 ke 10% aur September 2024 ke sirf 7.1% ke comparison mein significant acceleration hai. Gross advances bhi 16.3% YoY badhkar approximately ₹32.20 lakh crore ho gaye.
Deposit mobilisation bhi strong rahi. Total period-end deposits 18.8% YoY badhkar approximately ₹33.27 lakh crore ho gaye. Time deposits mein 22.8% ki growth hui, jabki CASA deposits 10.8% badhe.
Quarter ko support karne wala ek important factor HDFC Bank ka RBI ki special swap facility ke under approximately $11.5 billion ke FCNR(B) deposits mobilise karna raha. Bank ki overseas branches ne in deposits ke against lagbhag $5.7 billion ke loans bhi extend kiye.
HDFC Bank ka Q2 update post-merger slowdown ke baad credit growth mein clear recovery show karta hai. Do saal mein loan growth ka 7.1% se badhkar 15.3% tak pahunchna strong improvement hai. Lekin high credit-to-deposit ratio ke chalte investors ki nazar ab deposit quality, margins aur growth sustainability par bhi rahegi.