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India
As of 12 Oct 2026, 03:30 pm
Shareholder approval is being sought for the appointment of Mr. Anup Bagchi as Managing Director & CEO for three years from October 27, 2026, to October 26, 2029. The proposed total annual compensation is ₹35,89,74,637, which includes a fixed pay of ₹8,97,43,659 and a target variable pay of ₹26,92,30,978. Approximately 67% of the variable pay is planned to be in non-cash share-linked instruments.
As of October 12, 2026, technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes. The SuperTrend direction is indicated as 'bearish' for all three periods. Daily indicators show a negative EMA 20 slope of -6.54 and SMA 50 slope of -4.03, while weekly indicators show a steeper negative EMA 20 slope of -17.48 and SMA 50 slope of -26.61.
As of October 12, 2026, HDFC Bank shares have shown varied returns across different periods. The year-to-date (YTD) return is -28.9%, and the one-year return is -28.1%. Over the last three months, the return is -14.6%, and over the last six months, it is -13.0%. The one-month return is -0.5%.
As of October 12, 2026, the nearest support level is ₹704.23, which is 0.09% below the current price. The nearest resistance level is ₹713.17, which is 1.17% above the current price.
As of 12 Oct 2026, 03:30 pm
Showing 3 of 8 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Income | PEAK₹1,33,110.36 crore | ₹1,16,919.94 crore | ₹1,26,927.27 crore | ₹1,18,560.63 crore | ₹1,33,054.97 crore |
| Operating Expenses | PEAK₹54,488.73 crore | ₹40,587.82 crore | ₹50,524.04 crore | ₹40,879.05 crore | ₹49,183 crore |
| Operating Profit Before Provision And Contingencies | ₹30,996 crore | ₹31,111.68 crore | ₹30,581.81 crore | ₹30,940.72 crore | PEAK₹36,163.46 crore |
| Profit Loss From Ordinary Activities Before Tax | PEAK₹27,193.16 crore | ₹26,948.17 crore | ₹26,961.10 crore | ₹25,905.79 crore | ₹20,849.83 crore |
| Profit Loss For The Period | ₹20,382.69 crore | ₹20,350.76 crore | PEAK₹20,691.04 crore | ₹19,610.67 crore | ₹17,090.43 crore |
| Profit Loss After Taxes Minority Interest And Share Of Profit Loss Of Associates | ₹19,244.71 crore | PEAK₹20,350.76 crore | ₹19,806.63 crore | ₹19,610.67 crore | ₹16,257.91 crore |
In the quarter ended 30 June 2026, HDFC Bank maintained stable total income while facing higher operating costs. A dramatic reduction in credit provisions allowed the bank to grow its pre-tax profit significantly despite weaker operating margins. However, the benefit of higher net profit did not translate into higher earnings per share, which fell substantially compared to the previous year due to a larger share count.
Disclosed bulk and block transactions involving HDFC Bank, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for HDFC Bank.
HDFC Bank Limited executed an annual interest payment of Rs. 5,36,92,93,800 on October 12, 2026, for the debt instrument identified by ISIN INE040A08799. This transaction relates to an outstanding principal amount of Rs. 6,653.40 crores, with the record date established as September 26, 2026. The filing serves as a confirmation under Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
HDFC Bank published newspaper advertisements on October 8, 2026, in Business Standard (English) and Navshakti (Marathi) confirming the dispatch of a Postal Ballot Notice dated October 1, 2026, as a follow-up to its earlier intimation of October 7, 2026. The filing is a routine compliance notice regarding the dissemination of the postal ballot dispatch.
Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt
HDFC Bank Limited is seeking shareholder approval via postal ballot for the appointment of Mr. Anup Bagchi (DIN: 00105962) as a Director and Managing Director & Chief Executive Officer, with terms and remuneration approved by the Reserve Bank of India. The postal ballot voting period ends on 2026-11-06, and Mr. Bagchi's tenure is proposed from 2026-10-27 to 2029-10-26. This is an ordinary resolution concerning the appointment of a key executive, with the meeting scheduled for 2026-10-08 in Mumbai.
HDFC Bank seeks shareholder approval via postal ballot for the appointment of Mr. Anup Bagchi (DIN: 00105962) as Managing Director & CEO for three years from October 27, 2026 to October 26, 2029, following RBI approval dated October 1, 2026. The resolution details total annual compensation of ₹35,89,74,637, comprising fixed pay of ₹8,97,43,659 and target variable pay of ₹26,92,30,978 (300% of fixed pay), with 67% of variable pay in non-cash share-linked instruments. This appointment follows incumbent MD & CEO Mr. Sashidhar Jagdishan's decision not to seek re-appointment after his term ends October 26, 2026. Remote e-voting runs from October 8, 2026 to November 6, 2026, with the cut-off date for eligibility being October 2, 2026. Materiality: high.
HDFC Bank Limited has informed the Exchange regarding intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates
HDFC Bank Limited disclosed the details of its Compliance Officer and Registrar and Share Transfer Agents (RTA) for the quarter ended September 30, 2026. Mr. Ajay Agarwal is identified as the Compliance Officer with an appointment date of July 21, 2024, while Datamatics Business Solutions Limited serves as the RTA under SEBI Registration No. INR000000874. This disclosure was submitted to the BSE and NSE on October 1, 2026, pursuant to Regulations 6 and 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclosure under Regulation 7(1) |SUBJECT: Disclosure under Regulation 7(1)
Recent market and company developments associated with HDFC Bank.
While IIFL's Rikin Shah is very bullish on large private banks from a two-year standpoint, he expects HDFC Bank's earnings to compound at a relatively slower pace in comparison to its other private peers such as Axis, Kotak and ICICI Bank.
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Bank Nifty, which had surged over 600 points in early trade, surrendered nearly all its gains through the session
HDFC Bank shares remain under pressure despite a relief rally following the appointment of Anup Bagchi as CEO. Technical analysts see resistance around Rs 755–760, while support lies at Rs 685–680. The stock has fallen 28% in 2026, underperforming the Nifty 50, which is down 14% this year.
HDFC Bank, HDFC Bank share price
Emkay Global Financial, HDFC Bank, buy, Recommendations
Anup Bagchi takes charge as HDFC Banks new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
Comprehensive Section Breakdown for HDFC Bank
Strategic Vision: Indian financial services offering retail, corporate, and wealth management.
• Integrated financial services model
• Branch network as a distribution platform for group services
• Unified customer-facing interface for banking and housing finance
HDFC Bank Limited’s quarter ended 30 June 2026 produced a mixed financial result. Total income was nearly unchanged from the same quarter last year, but operating expenses rose significantly. A sharp decline in provisions pushed profit before tax higher, and profit for the period increased even after a substantially higher tax charge. Per-share earnings, however, fell sharply as the higher profit was spread across a larger number of shares.
Total income was ₹1,33,110.36 crore, representing a negligible increase of 0.04% compared to ₹1,33,054.97 crore in the first quarter of the previous fiscal year. The stability in total income masked offsetting movements within its components.
Interest earned increased by 3.67% year-over-year to ₹90,575.33 crore, rising from ₹87,371.87 crore in the prior year quarter. Conversely, other income decreased by 6.89% to ₹42,535.03 crore, down from ₹45,683.10 crore.
On a sequential basis, comparing the current quarter to the immediately preceding quarter (ended 31 March 2026), total income increased by 13.85%, moving from ₹1,16,919.94 crore.
Operating expenses for the quarter totaled ₹54,488.73 crore. This marks a 10.79% increase compared to ₹49,183.00 crore in the same quarter of the previous year. The sequential increase was more pronounced, rising 34.25% from ₹40,587.82 crore in the fourth quarter of the previous fiscal year.
Employee costs contributed to this rise, increasing by 5.00% year-over-year to ₹9,342.49 crore. Because total operating expenses grew faster than employee costs, other operating expense categories also increased. As a result, operating expenses as a percentage of total income widened to 40.94%, up from 36.96% a year earlier.
The relationship between operating performance and final profitability shifted materially. Interest expended was ₹47,625.63 crore, slightly lower than ₹47,708.51 crore a year earlier. With total income flat and interest expended marginally lower, the increase in operating expenses drove operating profit before provisions down 14.29% to ₹30,996 crore from ₹36,163.46 crore.
However, a significant reduction in credit charges reversed this trend. Provisions other than tax and contingencies fell by 75.17% year-over-year, dropping from ₹15,313.63 crore to ₹3,802.84 crore. This reduction effectively neutralized the decline in operating profit; profit from ordinary activities before tax increased by 30.42% to ₹27,193.16 crore.
Tax expense also increased significantly, rising 81.16% year-over-year to ₹6,810.47 crore from ₹3,759.40 crore. Consequently, profit for the period increased by 19.26% to ₹20,382.69 crore.
While profit for the period grew by 19.26% year-over-year, basic earnings per share (EPS) decreased by 41.12% to ₹12.50 per share, down from ₹21.23 per share in the prior year quarter. Diluted EPS followed a similar trajectory, declining 40.96% to ₹12.47 per share.
This divergence occurred alongside an increase in the profit measure most relevant to shareholders. Profit after taxes, minority interest, and share of profit/loss of associates rose to ₹19,244.71 crore from ₹16,257.91 crore. Because this profit base increased while both basic and diluted EPS fell, the per-share results reflect a higher number of shares in the current quarter compared to a year earlier.
Category: Financial Services
Manages depository accounts, vehicle loans, personal loans, credit card processing, and wealth management advisory services.
Category: Financial Services
Provides working capital facilities, term loans, trade finance, cash management solutions, and transaction banking services to corporate entities and public sector undertakings.
Category: Financial Services
Provides customized lending programs, agricultural credit, and rural banking solutions to support agricultural supply chains and semi-urban businesses.
Category: Financial Services
Offers life insurance, asset management, and general insurance products through its subsidiaries.
Key Products & Services: HDFC Life Insurance Company Limited • HDFC Asset Management Company Limited • HDFC ERGO General Insurance Company Limited
Core Thesis: The bank integrates retail liabilities, wholesale lending, and specialized group subsidiaries to create a unified customer offering and funding model.
• Mortgage & Retail Loan Integration: The bank operates an in-house mortgage division and retail credit lines, aligning housing finance with core banking services under a unified customer interface. • Cross-Selling & Depository Relationship Sourcing: Home loan and retail asset customers are cross-marketed with other banking products, and long-term retail assets support deposit collection to fund general lending. • Integrated Subsidiary Distribution: The bank's branch network distributes group financial services like insurance and mutual funds directly to depository customers. • Treasury & Liquidity Management: Retail deposits fund corporate and commercial loan portfolios, with the treasury division managing liquidity, foreign exchange, and reserve requirements.
Reported ownership for FY2027-Q1 as of 2026-06-30.