HDFC Bank shares in focus after RBI repo rate hike, loan growth at 16%

The Reserve Bank of India raised the repo rate by 25 basis points, from 5.25% to 5.50%. HDFC Bank shares were closely watched as banking stocks responded to the hike. At 10:40 am, HDFC Bank's share price was ₹707.05 on the NSE, after opening at ₹708.55. The stock experienced a 1% drop to ₹704.50 during the session, after peaking at ₹711.

The trading volume was 93.62 lakh shares, with a traded value of ₹661.61 crore. 49.64% of shares were bought, amounting to 15,84,173 units, while 56.36% were sold, totaling 16,06,915 units. HDFC Bank's market capitalization stood at ₹10.90 crore, and the adjusted P/E ratio was 13.69. Domestic banks reported robust loan and deposit growth in the September quarter; however, the deposit expansion pace was slightly weaker at several large private lenders, excluding the boost from FCNR-B inflows, according to a Jefferies report.

HDFC Bank itself saw loan growth of 16% and deposit growth of 19% in the quarter. After accounting for the FCNR-B impact, Jefferies estimated the growth to be 14% in loans and 15% in deposits. The RBI's rate hike could elevate borrowing costs for banks, potentially leading to higher lending rates for customers. It may also impact loan demand, and deposit rates could adjust based on banks' funding needs. HDFC Bank is scheduled to announce its Q2 results on October 17, 2026.