Business news · Corporate · 04 Oct 2026
HDFC Bank's business update for the July-September quarter shows gross advances up 16.8% from a year earlier and up 5.2% from the June quarter, with deposits up 18.8% from a year earlier. Separately, the RBI cleared Anup Bagchi as managing director and chief executive on September 30 for a three-year term. He joined the board as an additional director on October 2 and takes charge when Sashidhar Jagdishan's term ends on October 26. Bagchi was most recently head of ICICI Prudential Life Insurance.
HDFC Bank is the largest weight in the Nifty 50 and Nifty Bank, so its numbers set the tone for the banking earnings season. Deposits growing faster than loans matters for a lender that has spent the period since its merger with HDFC Ltd bringing down a high loan-to-deposit ratio; it eases pressure on funding costs just as the RBI's rate panel meets on October 5-7 with economists pencilling in a hike. The update gives no margin or asset-quality figures - those come with the full results - so it says little yet about profit.
Reported by CNBC-TV18 — “HDFC Bank shares in focus after Anup Bagchi's appointment as new MD & CEO - Should you buy or sell?” ↗ on 04 Oct 2026.
NSE stocks, from the last close on or before 04 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | +1.1% | 73 of 125 | +1.4 pts |
| All tracked stocks | 804 | -0.3% | 383 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| HDFC Bank Ltd. HDFCBANK | ₹721.2 | ₹728.85 | +1.1% |
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