HDFC Bank deposits reached approximately ₹33,275 billion at September 30, 2026, up 18.8% from a year earlier, according to its October 4 exchange filing. Period-end gross advances were approximately ₹32,195 billion, up 16.3%. The update describes business volumes rather than revenue or profit.
HDFC Bank deposits: averages and closing balances differ
The bank reported average deposit growth of 16.8% for the September quarter, compared with 18.8% for the period-end balance. An average describes the quarter, while a closing balance is a snapshot at its end. The two should not be presented as interchangeable measures.
The filing has a small internal inconsistency: average deposits are ₹31,665 billion in the narrative and ₹31,664 billion in its table. Both show 16.8% growth. CapKet is retaining that distinction rather than silently choosing one value or treating it as a material change in the growth rate.
Not every advances measure is the same
Average advances under management were ₹31,872 billion, up 14.0%. Period-end advances under management were approximately ₹33,075 billion, up 15.3%. The bank defines this measure as grossing up advances for inter-bank participation certificates, bills rediscounted and securitisation or assignment.
Gross advances, by contrast, were approximately ₹32,195 billion at quarter-end. Readers seeing both 15.3% and 16.3% in coverage should check the label: these percentages refer to different measures, not necessarily contradictory reports.
Deposit mix provides another comparison
Period-end current-account and savings-account deposits, or CASA, were approximately ₹10,520 billion, up 10.8%. Time deposits were approximately ₹22,755 billion, up 22.8%. The faster growth in time deposits describes the funding mix; it does not independently establish the bank’s funding cost or net interest margin.
CapKet explanation: Balance-sheet growth can be informative without answering every earnings question. Profitability, credit quality and cash generation require their own reported evidence. No share-price target or recommendation follows from this disclosure.
For the broader session, see our October 5 Sensex and Nifty close report.
Primary source: HDFC Bank’s October 4 business-volume filing on NSE, reviewed October 5 at 17:28 IST. The bank says September results will undergo statutory-auditor limited review. CapKet has not independently audited these balances or verified a cause of the share-price movement.
Correction, October 5, 2026: The source-review time has been corrected. The financial figures, reporting periods and original publication date are unchanged.