HDFC Bank shares gain 2% after Q1 biz update; advances rise 15.4% YoY, deposits grow 14.7%

HDFC Bank shares gained 2 percent after its Q1 FY27 business update showed gross advances rising 15.4 percent year-on-year to Rs 30.61 lakh crore and period-end deposits growing 14.7 percent YoY to Rs 31.71 lakh crore. CASA deposits stood at about Rs 10.26 lakh crore, up around 9.4 percent. The bank also appointed former CEC Rajiv Kumar as Part-time Chairman and named Puneet Sharma as CFO-Designate effective September 1, with Jigar Shah as General Counsel.