A bank serving everyday Indians, small businesses, and large corporations with savings accounts, loans, credit cards, and digital banking through thousands of branches and ATMs. It was born in 1994 when the Housing Development Finance Corporation (HDFC), India's first mortgage lender founded in 1977, launched a bank under the same initials — and in 2023 the parent merged into the bank in the largest merger in Indian corporate history. Fun fact: the bank's own founders were initially unsure about using the "HDFC Bank" name.
HDFC Bank announces credit rating actions on certificates of deposit by CARE and India Ratings.
India Ratings assigned 'IND A1+' rating to a new certificate of deposit issue of INR 500 billion with 7-365 days maturity on August 19, 2026.
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CARE Ratings reaffirmed 'CARE A1+' rating on HDFC Bank's certificate of deposit program, enhanced to ₹2,00,000 crore from ₹1,50,000 crore, on August 18, 2026.
India Ratings affirmed 'IND A1+' rating on an existing certificate of deposit issue of INR 1500 billion with 7-365 days maturity on August 19, 2026.
HDFC Bank shareholders approve all nine resolutions at 32nd AGM held August 5, 2026
The 32nd Annual General Meeting of HDFC Bank was held on August 5, 2026, via video conference, chaired by Part-time Chairman Rajiv Kumar.
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All nine resolutions, including adoption of financial statements, dividend declaration, re-appointment of director, and issuance of debt instruments, were passed with requisite majority.
Shareholders approved the appointment of Rajiv Kumar as an Independent Director and the compensation payable to him as Part-time Chairman.
The resolution to issue Perpetual Debt Instruments, Tier II Capital Bonds, and Long-Term Bonds through private placement was passed as a special resolution.
The meeting concluded at 6:31 p.m. IST, with voting results to be disclosed to stock exchanges within two working days.
The Scrutinizer, Mr. B. Narasimhan of M/s. BN & Associates, confirmed all resolutions passed with the required majority.
HDFC Bank reports H1 FY2026 net income of Rs. 333,203.7 million, down from Rs. 338,559.0 million year-over-year.
Total assets as of September 30, 2025 were Rs. 48,978,652.0 million (US$ 551,685.8 million), up from Rs. 48,187,671.1 million as of March 31, 2025.
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Net income attributable to shareholders for the six months ended September 30, 2025 was Rs. 333,203.7 million (US$ 3,753.3 million), compared to Rs. 338,559.0 million for the same period in 2024.
Loans, net of allowance, increased to Rs. 29,038,800.6 million as of September 30, 2025 from Rs. 28,102,981.8 million as of March 31, 2025.
Total deposits rose to Rs. 27,983,814.2 million as of September 30, 2025 from Rs. 27,110,953.9 million as of March 31, 2025.
The Bank issued 7,677,039,761 bonus shares on August 28, 2025, and its subsidiary HDB Financial Services Limited completed an IPO in June-July 2025, with the Bank now holding 74.7% of HDBFSL.