HDFC Bank Limited Sponsored ADR (NSE:HDFCBANK) posted resilient Q1 FY27 results—consolidated net profit ₹19,060 crore (+5% YoY), adjusted PAT +9.8%—backed by loan/deposit growth, stable asset quality and strong liquidity as leadership changes and workforce redeployment support expansion and a Motilal Oswal Buy with INR 1,100 target.
Previous Week Recap
- HDFC Bank Q1 Profit Growth: HDFC Bank ADR (HDFCBANK) Q1 FY27: consolidated net profit ₹19,060 crore (+5% YoY), adjusted PAT +9.8%, strong deposit and loan growth, stable asset quality, CAR 19.6%, healthy liquidity.
- RBI Appoints Rajiv Kumar Chair: RBI approved Rajiv Kumar as part‑time chairman of HDFC Bank Sponsored ADR (HDFCBANK) for three years from July 15, 2026; interim chair Keki Mistry stays on board as non‑executive director.
- Motilal Oswal Keeps Buy: Motilal Oswal keeps Buy on HDFCBANK; target INR 1,100. Cites sustainable profitable growth, branch and digital expansion, and stronger liability franchise—key trading drivers for the ADR.
- HDFC Bank ADR Headcount Shifts: HDFCBANK ADR: headcount fell to 211,178 by Mar 31, 2024, down 3,343. Non‑supervisory staff dropped ~8,000; junior and mid management rose; redeployment toward customer-facing roles noted.
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