HDFC Bank shares fell over 4.17% to ₹1,655.05 on NSE as of 10:45 AM, after a disappointing Q1 update revealed a sharp drop in the CASA ratio.
In Q1, HDFC Bank's CASA ratio fell by 190 bps to 36%, with CASA deposits declining 5% QoQ, affecting investor sentiment.
HDFC Bank's deposit growth was soft at 15.3% YoY and flat sequentially, excluding merger impacts, according to its June quarter update.
The bank reported loan book growth of 14.9% YoY, with seasonally soft Q1 figures reflecting typical 1-3% QoQ growth patterns.
HDFC Bank's average deposits grew 4.6% QoQ, while average AUM grew 0.8% QoQ, despite a Q4 build-up in deposits.
News of potential MSCI EM index weightage increase boosted HDFC Bank's shares recently, despite today's downturn