Shares of HDFC Bank fell to a three-month low following the bank’s Q3 business update, as investors reacted to slower deposit growth and cautious guidance.
Brokerages, including Nomura, highlighted that HDFC Bank will require strong deposit inflows to sustain and accelerate loan growth in the coming quarters. Analysts noted that while asset quality remains stable, the moderate deposit momentum could limit the bank’s lending capacity and pressure near-term earnings.
Market participants continue to monitor HDFC Bank’s deposit trends, credit growth, and margin performance, which will be key drivers for stock movement in the near term.
