Mumbai, June 15, 2026, 19:37 IST
- HDFC Bank closed up about 0.6% at around ₹777.25–₹777.35. The shares moved in line with the broader market’s move.
- Indian banks moved up as crude eased, geopolitical worries faded, and traders looked for deposit support via the RBI’s FCNR(B) window.
- HDFC Bank picked June 19 for its dividend record date. The lender is slated to release its June quarter numbers in the third week of July.
HDFC Bank finished Monday up 0.63% at ₹777.25, lagging broader gains in Indian stocks. Volume was 41.42 million shares across NSE and BSE. Investing.com pegged the close at ₹777.35, with shares climbing to ₹793.50 during the day. HDFC Bank is still down about 22% in 2026, well below its 52-week high of ₹1,020.35. The stock rose but the move wasn’t enough for a real shift in sentiment. mint
Nifty 50 climbed 0.98% to 23,853.90, with the Sensex up 0.97% at 76,264.33, according to Reuters. The gains tracked falling oil prices amid reports of a possible U.S.-Iran agreement. Traders tend to like cheaper crude in India, since it can help curb inflation, support the rupee, and bring down the trade gap. Banks weren’t a big driver here. HDFC Bank gained. Moneycontrol cited Nomura saying the RBI’s new NRI deposit plan might let HDFC Bank draw in more longer-term foreign money, improve liquidity and ease pressure on margins. Reuters
HDFC Bank’s deposit book is back in focus. FCNR(B) deposits, or Foreign Currency Non-Resident Bank deposits, allow NRIs to park foreign currency in Indian banks. These deposits are considered more stable than local accounts and mean banks can avoid scrambling for higher-cost domestic funds. According to The Economic Times, Nomura expects the top banks to grab most of the new FCNR(B) inflows, since overseas clients stick with larger institutions. Nomura maintains its “Buy” on HDFC Bank. V K Vijayakumar at Geojit Investments said the outlook for India’s economy and stocks has turned more positive with Brent crude trading below $84. The Economic Times
HDFC Bank bulls are paying close attention to profits, deposits and how the stock is now cheaper after the recent fall. In its Q4 FY26 update, the bank said average deposits came in at ₹28,511 billion, a rise of 12.8% from a year ago. Average advances under management were up 10% to ₹29,644 billion. Net interest margin stood at 3.38%. Gross NPAs landed at 1.15%. Profit after tax was ₹192 billion. Net interest margin (NIM) is the difference between what the bank makes on loans and investments and its funding costs. For bank stocks, NIM is a direct measure of lending profitability.
Bearish risks haven’t gone away. HDFC Bank shares are still lower this year. Investors are waiting for answers on when the merged company will boost loan growth, hold net interest margins, and manage asset quality. Any shift in profit, costs or broader risks tends to move bank stocks, even if reported numbers don’t change much. HDFC Bank trades at about 15.7x earnings, according to Screener, below its recent highs. But there are still a lot of unknowns. So HDFC Bank looks like a stock for selective buyers willing to wait, with deposit pricing, NIM, and next quarter’s numbers top of mind. Screener
HDFC Bank set June 19 as the record date to decide who gets this year’s dividend. The bank said its board meets again in the third week of July to review and sign off on results for the June 2026 quarter. Funding gains have drawn attention, and traders are looking for signs of stronger deposit growth, stable NIM, and credit acceleration. HDFC Bank
