{
  "id": 6246688,
  "title": "HDFC Bank shares trade flat as MCLR cut, gold loan growth remain in focus",
  "url": "https://urgent.news/2026/09/08/hdfc-bank-shares-trade-flat-as-mclr-cut-gold-loan-growth-remain-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T05:35:57.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/hdfc-bank-shares-trade-flat-as-mclr-cut-gold-loan-growth-remain-in-focus/article71441333.ece"
  },
  "original_language": "en",
  "account": "On Tuesday, HDFC Bank shares traded flat at ₹706.45 on the NSE, opening at ₹707.10 and fluctuating between ₹704.70 and ₹708.90 throughout the day. Previously, the stock had closed at ₹710.50 on Monday and hit a 52-week low of ₹639.45. The bank's adjusted P/E ratio stood at 13.67, with a market capitalization of ₹10.89 lakh crore. During trading, 51.81% of shares were sold, while 48.15% were bought, resulting in a total volume of 33.33 lakh shares worth ₹235.53 crore.\n\nOn September 7, 2026, HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates across all tenures by 5-10 basis points. Large private banks are investing more in gold lending, which could lead to increased market share in higher-ticket loans as this sector becomes more competitive with strong growth, attractive returns, and rising customer acceptance. HDFC Bank's gold loan portfolio grew by 34% year-over-year to ₹237 billion in FY26 and rose by 8% quarter-over-quarter to ₹255 billion in June 2026.\n\nThe bank has also decided to exercise a call option for ₹739 crore Additional Tier 1 Notes issued on September 30, 2021, as rupee-denominated bonds overseas. The CEO succession process at HDFC Bank has gained importance since managing director and chief executive Sashidhar Jagdishan decided not to reapply last month. Jagdishan will complete his current term on October 26 after serving the bank for nearly three decades. The HDFC Bank board plans to expedite the selection and appointment of his successor.",
  "summary": "Trading activity showed sell quantity at 51.81%, or 13,44,614 shares, while buy quantity stood at 12,50,545 shares, accounting for 48.15%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}