Key Metrics of HDFC Bank
About HDFC Bank
Outlets operated by HDFC Bank.
Sectors
Company details
- Website
- hdfc.bank.in
- Founded
- 1994
- Registered office
- Hdfc Bank House, Senapati Bapat Marg , Lower Parel (west), Mumbai, In-mh, 400013
- Listed
- NYSE: HDB (since 2001)
- Listed
- NSE: HDFCBANK · ₹688.05
Operational Areas of HDFC Bank
Company summary
Entity details
Compliance
Industry classification
US market & SEC filings
HDB · NYSE · SEC CIK 0001144967
HDB share price
Annual results (SEC EDGAR)
Revenue, operating income, net income, EPS, cash flow, assets, liabilities, equity and debt for every year filed with the SEC are part of the premium plan.
Sign in to continue See plans & pricingFinancials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹4,67,000 Cr | View |
| 25 Sep 2026 | ICRA | Reaffirmed | AAA(SO) | — | — | ₹97.4 Cr | View |
| 27 Aug 2026 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹4,67,000 Cr | View |
| 08 Apr 2026 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹4,17,000 Cr | View |
| 19 Mar 2026 | CARE | Other | — | — | — | — | View |
| 23 Dec 2025 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹3,92,000 Cr | View |
| 02 Dec 2025 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹3,92,000 Cr | View |
| 06 Mar 2025 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹3,62,000 Cr | View |
| 07 Mar 2024 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹4,37,000 Cr | View |
| 13 Nov 2023 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹4,37,000 Cr | View |
| 03 Jul 2023 | CARE | Reaffirmed | AAA | — | Stable | ₹55,000 Cr | View |
| 02 May 2023 | CARE | Other | AAA | A1+ | Stable | ₹1,95,477 Cr | View |
| 10 Feb 2023 | CARE | Reaffirmed | AAA | — | Stable | ₹58,477 Cr | View |
| 13 Jan 2023 | CARE | Reaffirmed | AAA | — | Stable | ₹38,477 Cr | View |
| 28 Nov 2022 | CARE | Reaffirmed | AAA | — | Stable | ₹50,477 Cr | View |
| 22 Jun 2022 | CARE | Other | — | — | — | — | View |
| 07 Apr 2022 | CARE | Other | AAA | A1+ | Stable | ₹75,000 Cr | View |
| 21 Mar 2022 | CARE | Assigned | AAA | — | Stable | ₹5,000 Cr | View |
| 04 Jan 2022 | CARE | Reaffirmed | AAA | — | Stable | ₹33,477 Cr | View |
| 29 Jan 2021 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹92,127 Cr | View |
| 05 Jan 2021 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹93,232 Cr | View |
| 06 Jan 2020 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹78,232 Cr | View |
| 08 Oct 2018 | CARE | Reaffirmed | AAA | A1+ | Stable | ₹1,06,107 Cr | View |
Credit strengths (CARE, Oct 2026)
+ Systemically important bank, given its widespread domestic franchise and strong market position
HBL is the largest private-sector bank in India by asset size, with total assets of ₹43.97 lakh crore as on June 30, 2026. Reserve Bank of India (RBI) has classified it as a D-SIB since September 4, 2017, reflecting its importance to the country’s financial system. As on June 30, 2026, HBL continued to maintain a strong competitive position, holding 13.8% of India’s total banking advances and 11.9% of total deposits. This sizable market share highlights the bank’s ability to attract customers an
+ Healthy capitalisation levels
The bank continues to maintain healthy capitalisation levels supported by frequent capital raising and superior internal accruals. The bank reported a net worth of ₹5,83,093 crore and a capital adequacy ratio (CAR) of 19.6% (Tier-I CAR: 17.8%) and CET-I ratio of 17.4% as on June 30, 2026. The bank continues to maintain a comfortable buffer over minimum regulatory requirement CAR of 11.90%, owing to increased requirement, considering being identified as a D-SIB, under Basel III. RBI has announced
+ Strong funding profile, stable advances growth, and focus on improving credit deposit ratio
The bank has a strong retail franchise that supports mobilisation of low-cost deposits and maintains a healthy CASA proportion. However, post-merger, CASA ratio declined due to addition of term deposits from the erstwhile HDFC Limited and a broader industry shift from CASA to term deposits since Q3FY24. As on June 30, 2026, total deposits stood at ₹31.70 lakh crore, reflecting a 2.11% quarter-over-quarter (q-o-q) growth. CASA deposits were ₹10.25 lakh crore, experiencing a sequential decline of
+ Consistent track record of healthy earnings and stable asset quality
Favourable economic environment, leading to growth in the bank’s advances book, and lower credit cost, aided HBL’s consistent profitability. In FY26, HBL reported profit after tax (PAT) of ₹74,671 crore on a total income of ₹3,70,055 crore. The bank’s net interest income (NII) and pre -provisions operating profit (PPOP) for FY26 stood at ₹128,686 crore and ₹118,558 crore, respectively. HBL’s net income margin (NIM) and return on total assets (RoTA ) for FY26 were 3.12% (PY: 3.27%) and 1.81%
+ Liquidity: Strong
The bank’s liquidity is supported by the bank’s strong retail and CASA depositor base. Average liquidity coverage ratio and net stable funding ratio for the quarter-ended June 30, 2026, was at 115.00% and 119.09%, respectively, well-above the prescribed minimum requirement of 100%. The bank also has access to market liquidity schemes, such as liquidity adjustment facility (LAF) and marginal standing facility (MSF), and access to call money markets.
+ If write-down, full or partial Full or partial
If write-down, permanent or temporary In case of pre-specified trigger – permanent or temporary. In case of PONV Trigger – only permanent. If temporary write-down, description of The instrument may be written-up (increase) to its original value in the future, write-up mechanism depending on conditions prescribed in the terms and conditions of the instrument. Tier II Bonds Detailed explanation Covenants Call option Not applicable
Credit challenges
—
Could lead to an upgrade
Factors that could individually or collectively lead to positive rating action/upgrade : Not applicable
Could lead to a downgrade
Factors that could individually or collectively lead to negative rating action/downgrade: • Deterioration in asset quality parameters with sharp rise in the net non-performing assets (NNPA) to over 3%. • Capitalisation cushion over and above the minimum regulatory requirementremaining less than 3.5% on a sustained basis. • Weakening profitability on a sustained basis.
Agency-reported financials (CARE, 23 Oct 2026)
| Metric | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|
| Total income | ₹3,46,149 Cr | ₹3,70,055 Cr | ₹92,814 Cr |
| Profit after tax (PAT) | ₹67,347 Cr | ₹74,671 Cr | ₹19,690 Cr |
| Total assets 39,01,040* 43,52,633* | ₹43,97,461 Cr | — | — |
| Net NPA (%) | 0.4% | 0.4% | 0.4% |
| Revenue growth (YoY) | — | 6.9% | — |
| PAT margin | 19.5% | 20.2% | 21.2% |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| crore) Action Issuer Refer to the below note | Other | — | ₹0 | — | AAA (Stable) | Reaffirmed | CARE |
| Long Term Short Term Bank | Working capital & bank lines | — | ₹1,50,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Facilities Fixed Deposit Refer to the below note | Fixed deposits | — | ₹0 | — | AAA / A1+ (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹55,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Tier-I Bonds | Debentures & bonds | — | ₹15,000 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier II Bonds& | Subordinated debt | — | ₹47,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Certificate Of Deposit | Fixed deposits | — | ₹2,00,000 Cr | — | A1+ | Reaffirmed | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | SERIES I | Securitisation (PTCs) | — | 01 Jun 2016 | 15 Jan 2046 | ₹97.4 Cr | AAA(SO) | Outstanding |
| INE040A08369 | — | Debentures & bonds | 7.95% | — | — | ₹6,700 Cr | AAA | Not stated |
| INE040A08393 | — | Debentures & bonds | 8.44% | — | — | ₹6,000 Cr | AAA | Not stated |
| INE040A08401 | — | Debentures & bonds | 6.44% | — | — | ₹5,000 Cr | AAA | Not stated |
| INE040A08AJ4 | — | Debentures & bonds | 7.71% | — | — | ₹7,425 Cr | AAA | Not stated |
| INE040A08419 | Tier I Bonds | Debentures & bonds | 7.84% | — | — | ₹3,000 Cr | AA+ | Not stated |
| INE040A08385 | Complex | Debentures & bonds | 7.56% | — | — | ₹2,000 Cr | AAA | Not stated |
| INE040A08427 | Complex | Debentures & bonds | 7.86% | — | — | ₹15,000 Cr | AAA | Not stated |
| INE040A08435 | Complex | Debentures & bonds | 7.84% | — | — | ₹5,000 Cr | AAA | Not stated |
| INE040A16IK8 | — | Fixed deposits | — | — | — | ₹6,150 Cr | A1+ | Not stated |
| INE040A16IU7 | — | Fixed deposits | — | — | — | ₹5,825 Cr | A1+ | Not stated |
| INE040A16IZ6 | — | Fixed deposits | — | — | — | ₹6,900 Cr | A1+ | Not stated |
| INE040A16JZ4 | — | Fixed deposits | — | — | — | ₹1,000 Cr | A1+ | Not stated |
| INE040A16JC3 | — | Fixed deposits | — | — | — | ₹8,325 Cr | A1+ | Not stated |
| INE040A16JX9 | — | Fixed deposits | — | — | — | ₹3,900 Cr | A1+ | Not stated |
| INE040A16JY7 | — | Fixed deposits | — | — | — | ₹4,025 Cr | A1+ | Not stated |
| INE040A16IT9 | — | Fixed deposits | — | — | — | ₹3,725 Cr | A1+ | Not stated |
| INE040A08AK2 | Infrastructure Bonds Mar Mar | Debentures & bonds | 7.65% | — | — | ₹2,910 Cr | AAA | Not stated |
| INE040A08310 | Lower Tier II Bonds* Aug Aug | Subordinated debt | 9.45% | — | — | ₹3,477 Cr | AAA | Not stated |
| INE040A08286 | Upper Tier II Bonds | Subordinated debt | — | — | — | ₹797 Cr | AAA | Not stated |
| INE040A16CH7 | Certificate of Deposits Jul Jul + | Debentures & bonds | 6.75% | — | — | ₹500 Cr | A1+ | Not stated |
| INE040A08351 | Infrastructure Bonds Dec Dec | Debentures & bonds | 8.35% | — | — | ₹0 | AAA | Withdrawn |
| INE040A08344 | Infrastructure Bonds Mar Mar | Debentures & bonds | 8.45% | — | — | — | AAA | Withdrawn |
| INE040A08377 | May Perpetual | Subordinated debt | 8.85% | — | — | — | — | Withdrawn |
| INE040A08302 | Lower Tier II Bonds May May Redeemed | Subordinated debt | 9.48% | — | — | — | AAA | Withdrawn |
| INE040A08294 | Upper Tier II Bonds | Subordinated debt | — | — | — | — | AAA | Withdrawn |
| INE040A08252 | Upper Tier II Bonds | Subordinated debt | — | — | — | ₹578 Cr | — | Withdrawn |
| INE040A08260 | — | Subordinated debt | — | — | — | — | — | Withdrawn |
| INE040A08245 | Lower Tier II Bonds | Subordinated debt | — | — | — | ₹1,150 Cr | — | Withdrawn |
| INE040A08278 | Lower Tier II Bonds | Subordinated debt | — | — | — | ₹150 Cr | AAA | Withdrawn |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Certificate Of Deposit | ₹2,00,000 Cr | CARE A1+ |
| Commercial Paper (Standalone) | — | Withdrawn |
| Fixed Deposit | — | CARE AAA; Stable |
| Infrastructure Bonds | ₹55,000 Cr | CARE AAA; Stable |
| Issuer Ratings | — | CARE AAA; Stable |
| Lower Tier II | — | Withdrawn |
| LT/ST | ₹1,50,000 Cr | CARE AAA; Stable / CARE A1+ |
| Perpetual Bonds | — | Withdrawn |
| Tier I Bonds | ₹15,000 Cr | CARE AA+; Stable |
| Tier II Bonds | ₹47,000 Cr | CARE AAA; Stable |
| Upper Tier II | — | Withdrawn |
Lenders
| Term Loan | LT/ST | Axis Bank Ltd. |
| Term Loan | LT/ST | Bank of America |
| Term Loan | LT/ST | Bank of Baroda |
| Term Loan | LT/ST | Bank of India |
| Term Loan | LT/ST | Canara Bank |
| Term Loan | LT/ST | Central Bank of India |
| Term Loan | LT/ST | CTBC Bank Co. Ltd. |
| Term Loan | LT/ST | DBS Bank Limited |
| Term Loan | LT/ST | Dhanlaxmi Bank Ltd. |
| Term Loan | LT/ST | Federal Bank |
| Term Loan | LT/ST | ICICI Bank Ltd. |
| Term Loan | LT/ST | IDBI Bank Ltd. |
| Term Loan | LT/ST | Indian Bank |
| Term Loan | LT/ST | Indian Overseas Bank |
| Term Loan | LT/ST | Jammu and Kashmir Bank Limited |
| Term Loan | LT/ST | Karnataka Bank Ltd. |
| Term Loan | LT/ST | Kookmin Bank |
| Term Loan | LT/ST | Kotak Mahindra Bank Ltd. |
| Term Loan | LT/ST | MUFG Bank Ltd. |
| Term Loan | LT/ST | Proposed |
| Term Loan | LT/ST | Punjab & Sind Bank |
| Term Loan | LT/ST | Punjab National Bank |
| Term Loan | LT/ST | South Indian Bank Ltd. |
| Term Loan | LT/ST | State Bank of India |
| Term Loan | LT/ST | UCO Bank |
| Term Loan | LT/ST | Union Bank of India |
| Term Loan | LT/ST | United Overseas Bank Ltd. |
Credit assessment · Banks
Rating Methodology – Banks (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| MBS SERIES I PTC Series A1 | Securitisation (PTC) | AAA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| SERIES I | Securitisation (PTC) | AAA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | AAA(SO) · Structured obligation (internal) (ICRA, Sep 2026) |
| Next action stable or better (model) | 92% |
| Information on file | 56% · missing: Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 70% chance the next rating action is stable or better
- Current rating AAA (investment grade)
Rated limits by facility
Timeline
From the report
Press Release CareEdge Ratings expects HBL to continue providing growth capital and strategic support to its subsidiaries, as evidenced by equity infusion of ~₹953 crore into HDFC Securities Limited in FY25.
From the report
Press Release CareEdge Ratings expects HBL to continue providing growth capital and strategic support to its subsidiaries, as evidenced by equity infusion of ~₹953 crore into HDFC Securities Limited in FY25.
From the report
CareEdge Ratings expects HBL to continue providing growth capital and strategic support to its subsidiaries, as evidenced by equity infusion of ₹1,000 crore into HDFC Securities Limited in FY25.
From the report
Additionally, CareEdge Ratings expects HBL to continue providing growth capital and strategic support to its subsidiaries, as evidenced by equity infusion of ₹1,000 crore into HDFC Securities Limited in FY25.
From the report
Additionally, CareEdge Ratings expects HBL to continue providing growth capital and strategic support to its subsidiaries, as evidenced by equity infusion of ₹1,000 crore into HDFC Securities Limited in FY25.However, the extent of support is expected to be insignificant in relation to its overall balance sheet size.
From the report
The bank had raised equity capital during FY20 and has been raising Tier II bonds and Additional Tier I (AT I) bonds (bank raised ₹ 20,000 crore of Tier II bonds in FY23 and ₹3,000 crore of AT I Bonds) to support growth.
From the report
All retail, MSME and other floating rate loans sanctioned by HDFC Ltd would be linked to appropriate benchmark within six months from the effective date. 2As per CARE Ratings Ltd.’s calculations 3 CARE Ratings Ltd.
From the report
All retail, MSME and other floating rate loans sanctioned by HDFC Ltd would be linked to appropriate benchmark within six months from the Effective Date. 1Complete definition of the ratings assigned are available at www.careedge.in and other CARE Ratings Ltd.’s publications 1 CARE Ratings Ltd.
From the report
The capital metrics was supported by equity capital infusion of Rs.1,760.10 crore through the stock options exercised during FY21 (refers to the period April 1 to March 31;
From the report
FY20: Rs.1,848.68 crore of equity infusion).
From the report
The capital metrics was supported by equity capital infusion of Rs.1,760.10 crore through thestock options exercised during FY21 (refers to the period April 1 to March 31;
From the report
FY20.: Rs.1,848.68 crore of equity infusion).
From the report
The capital metrics was supported by capital infusion of Rs.1848.68 crore through the stock options exercised (P.Y.: Rs. 23,715.9 crore of equity infusion;
From the report
The capital metrics was supported by capital infusion of Rs.1848.68 crore through the stock options exerci sed (P.Y.: Rs. 23,715.9 crore of equity infusion;
From the report
The capital metrics was supported by capital infusion of Rs.23,715.90 crore (Rs.8,500 crore from HDFC Ltd and Rs.2,775 crore from QIP and Rs.12,440.90 crore from an ADR offering).
From the report
Capital infusion of Rs.23,651 crore took place in Q2FY19 (Rs.8,500 crore from HDFC Ltd and Rs.15,151 crore from QIP/ADR/GDR program).
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of HDFC Bank
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 ICICI Bank |
Outlets operated by ICICI Bank. | icici.bank.in | — | India |
 State Bank of India |
Outlets operated by State Bank of India. | sbi.bank.in | 1955 | India |
| Outlets operated by Bank of Baroda. | bankofbaroda.bank.in | 1908 | India | |
 Axis Bank |
Outlets operated by Axis Bank. | axis.bank.in | 1990 | Ahmedabad, India |
 Punjab National Bank |
Outlets operated by punjab national bank. | pnb.bank.in | 1894 | India |
 Canara Bank |
Outlets operated by Canara Bank. | canarabank.com | 1906 | Mumbai, India |
 Union Bank of India |
Outlets operated by Union Bank of India. | unionbankofindia.bank.in | 1919 | India |
| Outlets operated by Bank of India. | bankofindia.bank.in | 1906 | Mumbai, India | |
| Outlets operated by Kotak Mahindra Bank. | kotak.bank.in | 1985 | Mumbai, India | |
| Outlets operated by Indian Bank. | indianbank.bank.in | 1907 | Thrissur, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
economics of banking, financial services, financial sector
Filings
No filings on record yet.