HDFC Bank Share Price Updates 5 July 2024: HDFC Bank shares drop 4% after Q1 business update

HDFC Bank stock closing figures

HDFC Bank stock closed at ₹1,649.40 on the NSE, down by 4.50%. 

On the BSE, the stock closed lower by 4.40% at ₹1,650.70.

HDFC Bank stock declined by 4.84% on the NSE, trading at ₹1,643.50 as at 2.56 pm.

HDFC Bank said to mull loan portfolio sale amid growth scrutiny: Bloomberg  

HDFC Bank Ltd. is mulling the sale of a loans portfolio, according to people familiar with the matter, amid heightened regulatory scrutiny on the nation’s lenders as their credit growth surges, a Bloomberg report read. 

The private sector bank has approached public sector lenders, non-banking finance companies as well as some insurance companies and asset managers about participating in the sale, said the people, who requested anonymity discussing private conversations. 

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HDFC bank share price update

Shares of HDFC Bank traded at ₹1,647.50 on the NSE, lower by 4.61% as at 2.10 pm.

HDFC Bank stock fell 4.46% on the NSE, trading at ₹1,650.10 as at 1.34 pm.

HDFC Bank stock fell 4.29% to trade at ₹1,653.10 as at 12.49 pm.

HDFC share price in focus

HDFC Bank stock declined by 4.30% on the BSE to trade at ₹1,652.30 as at 11.31 am.

Shares of HDFC Bank fell 4.46% to trade at ₹1,650.20 as at 10.38 am.

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HDFC Bank reports 52.6% jump in gross advances

HDFC Bank has reported a 52.6 per cent year-on-year (y-o-y) jump in gross advances and 24.4 per cent y-o-y growth in total deposits in Q1FY25. These figures take into account the impact of merger of erstwhile HDFC Ltd with the Bank on July 1, 2023.

Gross advances aggregated to approximately ₹24,87,000 crore as of June 30, 2024 against ₹16,30,000 crore as of June 30, 2023.

Excluding the impact of the aforementioned merger, the bank’s gross advances grew by 14.9 per cent over June 30, 2023.

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HDFC Bank share price in focus

HDFC stock traded at ₹1,655.20 on the NSE, down by 4.17% as at 9.58 am