HDFC Bank Q4

HDFC Bank Q4 Update: Shares Surge, Loan Book Hits ₹25 Lakh Crore

Discover the latest on HDFC Bank's impressive Q4 performance with soaring share prices and a record-breaking loan book crossing ₹25 lakh crore. Dive into the details now!

HDFC Bank had an eventful Q4 with a series of positive updates. Nomura India set a fresh target price for the bank after analyzing a 15% loan CAGR over FY24-26 with downside risks. The bank's share price witnessed a 7th consecutive session of growth, fueled by strong buying interest following the March quarter business updates. Reports revealed a staggering 55.4% surge in gross advances and a remarkable 108.9% growth in domestic retail loans over the year-ago period.

Brokerages like Citi are bullish on HDFC Bank post-Q4, with HDFC Bank American Depository Receipts (ADR) rallying on the NYSE, reflecting robust growth. Macquarie and Morgan expressed optimism, while HSBC gave a 'buy' call with a target price of Rs 1750 per share, impressed by the lender's Q4 deposit performance exceeding expectations.

In a significant milestone, HDFC Bank's loan book crossed ₹25 lakh crore, highlighting its massive financial reach. AU Small Finance Bank also made waves with a 25% growth in advances. These achievements showcase the strength and resilience of the banking sector amidst challenging times, inspiring confidence in investors and analysts alike.