HDFC Bank, India’s largest private sector lender, has reported 16.2 per cent year-on-year (Y-o-Y) growth in deposits to ₹27.64 trillion in the first quarter of 2025-26 (Q1FY26), outpacing the deposit growth of the industry by 500-600 basis points (bps). On a sequential basis, the bank’s deposit base grew 1.8 per cent.
According to the latest Reserve Bank of India (RBI) data, credit growth in the system inched up to 9.6 per cent Y-o-Y in the fortnight ended June 13. During the same period, deposit growth stood at 10.4 per cent Y-o-Y, continuing to outpace credit growth.
In Q1FY26, the bank