HDFC Bank shares flat despite posting improved business metrics in June quarter; HDB Financial drops 2.74% in mid-day trading

HDB Financial Services shares declined 2.74 per cent to ₹840.35 in NSE trading on Friday, snapping a two-day gaining streak after its premium listing earlier this week. The stock opened at ₹869.70 and touched a high of ₹878.90 before retreating to ₹836.25.

HDFC Bank shares remained flat at ₹1,990.80 on the NSE despite reporting improved business metrics for the June quarter, according to reports. The bank’s average deposits grew 16.4 per cent year-on-year to ₹26,580 billion, while advances increased 8.3 per cent compared to the previous year.

The parent bank’s sequential deposit growth outpaced loan expansion in the first quarter, with deposits rising 1.8 per cent to ₹2,764,000 crore, while gross advances increased 0.4 per cent to ₹2,653,000 crore, Reuters reported. This trend addresses concerns following the July 2023 merger with HDFC Ltd, which had created pressure on the bank’s deposit-to-loan ratio.

HDFC Bank CEO Sashidhar Jagdishan moved the Supreme Court on Thursday challenging an FIR filed against him by Lilavati Hospital trustees, PTI reported. The complaint alleges he accepted ₹2.05 crore in bribes for providing financial advice to help the Chetan Mehta Group retain control over the trust’s governance.

HDB Financial Services went public this week, with HDFC Bank reducing its stake to 74.19 per cent after selling 13.51 crore shares in the IPO.

Published on July 4, 2025