HDFC Bank Shares Plunge to 3-Month Low on Q3 Update, Deposit Growth Concerns
Business
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Moneycontrol•06-01-2026, 11:31
HDFC Bank Shares Plunge to 3-Month Low on Q3 Update, Deposit Growth Concerns
- •HDFC Bank shares dropped over 2% on January 6, hitting a three-month low of Rs 956 after its Q3 business update.
- •The bank reported a 9% YoY rise in average advances to Rs 28.64 lakh crore and 12.2% rise in average deposits to Rs 27.52 lakh crore for Q3 FY26.
- •Brokerages like Nomura flagged slower deposit growth, noting the credit-deposit ratio neared 100%, limiting loan expansion.
- •Nomura suggests HDFC Bank needs strong deposit inflows to accelerate future loan growth.
- •Despite recent drops, the stock is up 12.5% in the past year and 34% over five years.
Why It Matters: HDFC Bank shares fell to a 3-month low due to Q3 update and brokerage concerns over deposit growth.
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