shares remained in focus on Wednesday as banking stocks reacted to the s 25-basis-point repo rate hike from 5.25 per cent The stock traded at ₹707.05 on the NSE at 10.40 am after opening at ₹708.55.
HDFC Bank shares dip
During the session, HDFC Bank shares dipped 1 per cent to ₹704.50 after hitting a high of ₹711, compared with the previous close of ₹711.45.
Trading activity
HDFC Bank’s trading volume stood at 93.62 lakh, while the traded value was ₹661.61 crore. Shares bought accounted for 49.64 per cent at 15,84,173 units, while shares sold accounted for 56.36 per cent at 16,06,915 units.
The total market cap was at 10.90 crore, while the adjusted P/E ratio stood at 13.69.
Loan growth
Domestic banks reported stronger loan and deposit growth in the September quarter, but the underlying pace of deposit expansion was softer at several large private lenders after excluding the boost from FCNR-B inflows, according to a Jefferies report.
HDFC Bank reported loan growth of 16 per cent and deposit growth of 19 per cent. After excluding the FCNR-B impact, Jefferies estimated the corresponding growth at 14 per cent and 15 per cent.
Repo rate impact
The repo rate hike could increase borrowing costs for banks and may lead to higher lending rates for customers. The move can also affect loan demand, while deposit rates could adjust depending on banks’ funding requirements.
HDFC Bank to declare Q2 results on October 17, 2026.