HDFC Bank Advances Rise 16.3% to ₹32.20 Lakh Crore

reported strong business growth for Q2 FY27, with period-end gross advances rising 16.3% year-on-year to approximately ₹32.20 lakh crore as of September 30, 2026, compared with ₹27.69 lakh crore a year earlier. Advances under management stood at ₹33.08 lakh crore, up 15.3% YoY. Deposits also recorded healthy growth, increasing 18.8% YoY to approximately ₹33.28 lakh crore from ₹28.02 lakh crore in September 2025. Average deposits during the quarter grew 16.8% to ₹31.66 lakh crore. Within deposits, period-end CASA deposits increased 10.8% YoY to ₹10.52 lakh crore, while time deposits grew 22.8% to ₹22.76 lakh crore. Average CASA deposits rose 10.7% and average time deposits increased 19.7% during the quarter. The bank also mobilised foreign currency deposits equivalent to USD 11.5 billion under the RBI's FCNR(B) swap facility. Its overseas branches extended USD 5.7 billion in loan facilities against these deposits, while standby letters of credit of USD 3.1 billion were issued to other banks. The numbers indicate continued expansion in both advances and deposits, with deposit growth outpacing gross advance growth during the quarter. For investors, key monitorables include loan growth, deposit mix, CASA trends, asset quality and the upcoming quarterly financial results. The September 2026 results remain subject to limited review by the bank's statutory auditors. I do not hold any inancial interest in the mentioned stock.