HDFC Bank stock rose 1.40 percent on October 6 as deposits grew

Published on 10/07/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank stock's September deposits grew 18.8 percent to INR 33,275 billion on September 30, 2026. The NYSE ADR was USD 22.42 on October 6, while the consensus target was USD 30.50.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank stock (ISIN US40415F1012) was last at USD 22.42 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 1.40 percent. The bank's September quarter business update showed faster deposit growth than loan growth, while leadership and upcoming results remain central to the valuation.

Deposits outpace lending growth

According to StockTitan, HDFC Bank reported period-end deposits of INR 33,275 billion as of September 30, 2026, up 18.8 percent from INR 28,018 billion a year earlier. Gross advances reached INR 32,195 billion, an increase of 16.3 percent from INR 27,692 billion in the same comparison.

The 2.5 percentage-point gap between deposit and gross-advance growth matters because it gives the lender more funding capacity than the loan book is currently absorbing. Average deposits also grew 16.8 percent to INR 31,664 billion in the September 2026 quarter, versus 14.0 percent growth in average advances to INR 31,872 billion, according to StockTitan.

Consensus stays above the ADR

StockHub lists a Buy consensus for HDFC Bank as of September 28, 2026. Its four-analyst target sample shows a median target of USD 30.50, with targets ranging from USD 26.10 to USD 35.00, while the page records 47 recommendations with 44 Buys and 3 Holds.

Against the USD 22.42 NYSE price on October 6, 2026, the median target stands USD 8.08 higher. That gap places the market's expectation on the next phase of earnings and on whether deposit growth can translate into stronger loan utilization.

October 17 results set the checkpoint

HDFC Bank's board is scheduled to consider unaudited standalone and consolidated results for the quarter and half-year ending September 30, 2026, on October 17, 2026. The date comes from HDFC Bank's exchange filing dated September 22, 2026.

Leadership adds a separate execution test. The Edge Malaysia reported on October 5, 2026, that Anup Bagchi's appointment was followed by a 2.3 percent decline in the Indian-listed shares as investors assessed the transition and its operational consequences.

ADR remains near its yearly low

HDB's USD 22.42 price on October 6, 2026, stood USD 15.03 below its 52-week high of USD 37.45 and USD 0.65 above its 52-week low of USD 21.77. The 1.40 percent daily gain therefore leaves the ADR close to the bottom of its annual range while the October 17 results date approaches.