HDFC Bank continues to hold its position as the largest private sector bank in India in terms of both advances and deposits. As of Q2FY25, its net advances stood at ₹24,951 billion, demonstrating its strong lending capabilities. The bank maintains a vast retail presence with a market-leading share across multiple product categories. At the end of Q2FY25, HDFC Bank operated 9,092 branches and employed 2,07,000 people, underscoring its expansive reach and operational scale.
On February 1, 2025, HDFC Bank’s share price exhibited high volatility in response to the Union Budget announcement. The stock:
This fluctuation reflected market reactions to budget announcements, investor sentiment, and broader economic indicators.
In a significant leadership development, Mr V. Chakrapani, who was appointed Group Head – Change Agent on April 1, 2024, is set to retire on January 31, 2025. Over a 30-year tenure, he played a crucial role in shaping the bank’s growth and expansion across diverse business lines. The bank acknowledged his instrumental contributions in driving strategic transformation initiatives.
HDFC Bank posted a 2.2% year-on-year (Y-o-Y) increase in net profit to ₹16,735.50 crore for Q3FY25, despite slower core income growth and higher slippages from agricultural loans.
HDFC Bank saw an improvement in provisioning, but asset quality deteriorated:
The rise in non-performing assets (NPAs) signals increased stress in loan quality, particularly from the agriculture segment.
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Published on: Feb 1, 2025, 3:41 PM IST
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