On the broader market outlook, Ajit Mishra, SVP-Research of Religare Broking says the Nifty remains in consolidation mode, with key support at 23,600. On the upside, bullish pivot stands at 24,600.
Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options
In the two sessions, post announcement of its Q1 results on Saturday (July 18), HDFC Bank shares have lost nearly 7 per cent. The sharp decline has erased around ₹80,000 crore from its market cap.
Om Mehra, technical analyst of SAMCO Securities believes that ICICI Bank sharp price can rally to a new high; while the key support for HDFC Bank stock now stands at ₹772 on the charts.
HDFC Bank reported a 5 per cent increase in standalone profit for the first quarter to ₹19,060 crore on a year-on-year basis. Total deposits increased 14.7 per cent Y-o-Y to ₹31.71 trillion
HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.
The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval
Net interest income increased 6.7 per cent YoY to ₹33,535 crore in Q1FY27 from ₹31,438 crore a year earlier
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings
HDFC Bank Q1 result preview: Q1 could be a mixed quarter for the lender, with analysts expecting flat NIMs. Asset quality is likely to remain steady, while loan growth may stay in double digits
Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.
HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years. His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing. Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added. Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020. Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curbs on ponzy schemes followed. Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by
While renewed geopolitical tensions in West Asia are likely to keep markets choppy, the Nifty 50 could rise to 26,500 by June 2027, around 10 per cent upside from current levels, Goldman Sachs said.
Virat Jagad, technical analyst at Bonanza says HDFC Bank displays a positive price action, with key momentum oscillators favourably placed. The analyst expects the stock to target ₹880 levels.
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
HDFC Bank's business momentum remained steady, with sequential advances and deposits continuing to register healthy growth, said ICICI Securities in a note.
Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.
Healthy credit growth and treasury gains are expected to lift banks' Q1FY27 profits, while asset quality remains stable despite concerns over the West Asia conflict
India's largest private lender reports gross advances of Rs 30.61 trillion and deposits of Rs 31.71 trillion at June-end, while CASA deposits decline sequentially