HDFC Bank Ltd. on Saturday, July 4, reported its business update for the first quarter of the financial year 2027.
The lender witnessed an increase across gross advances, deposits, advances under management.
Its gross advances came in at ₹30.61 lakh crore, up 15.4% from last year.
HDFC Bank's deposits (period end) were up 147% at ₹31.7 lakh crore, as per its business update.
Its current account savings account (CASA) deposits increased 9.4% to ₹10.25 lakh crore.
Meanwhile, the lender's advances under management were up 12.4% at ₹31.27 lakh crore.
On another note, HDFC Bank this week announced the appointment of Rajiv Kumar is its part-time chairman, three months post Atanu Chakraborty quit.
Kumar's appointment is for a period of three years as chairman and for four years as additional independent director.
His appointment as chairman is subject to the RBI's approval, while his independent director appointment will have to be cleared by shareholders during HDFC Bank's annual general meeting (AGM) on August 5.
The lender also announced the appointment of Puneet Sharma as chief financial officer (CFO)-designate from September 1, 2026, confirming CNBC-TV18's newsbreak.
Sharma will take over as CFO from December 1, 2026, replacing Srinivasan Vaidyanathan, whose current term will end in October.
HDFC Bank shares ended the previous session 0.7% up at ₹801.5 apiece. The stock has increased 6.3% in the past month but is down 19.1% this year, so far.