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HomeMarket NewsHDFC Bank Q3 loan growth in double digits for the first time after merger; stock may react
Gross advances increased 11.9% YoY to ₹28.44 lakh crore, while period-end deposits grew 11.5% YoY to ₹28.59 lakh crore. Deposit growth remained broadly in line with advances growth.
By Meghna Sen January 5, 2026, 8:51:22 AM IST (Published)
Shares of HDFC Bank Ltd. are likely to open in the green on Monday, January 5, after the lender released its Q3 business update, signalling a return to double-digit loan growth for the first time since the merger on a normalised base.
The bank reported loan book growth of nearly 12% year-on-year for the December quarter. Average advances under management rose 9% YoY to ₹28.63 lakh crore during the quarter.
Gross advances increased 11.9% YoY to ₹28.44 lakh crore, while period-end deposits grew 11.5% YoY to ₹28.59 lakh crore. Deposit growth remained broadly in line with advances growth.
|
HDFC |
Q3FY25 |
Q2FY26 |
Q3FY26 |
QoQ |
YoY |
|
Gross Advances |
25,42,600 |
27,69,200 |
28,44,500 |
2.7% |
11.9% |
|
Adv under mgmt |
26,83,900 |
28,68,800 |
29,46,000 |
2.7% |
9.8% |
|
Total Deposits |
25,63,800 |
28,01,800 |
28,59,500 |
2.1% |
11.5% |
|
Time deposits |
16,35,200 |
18,33,500 |
18,53,900 |
1.1% |
13.4% |
Within deposits, period-end CASA deposits rose 10.1% YoY to around ₹9.61 lakh crore.
At a broader level, system-wide credit growth stood at around 12% as of December 15, 2025.
HDFC Bank shares closed 0.92% higher on Friday at ₹1,000.25. The stock has risen 17% in the last one year.
