March 04, 2026 07:47 am (IST)
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HDFC
Representational Photo: ChatGPT

Mumbai/IBNS: HDFC Bank shares declined for the second consecutive session on Tuesday after the lender released its business update for the third quarter of FY26, media reports said.

On the BSE, the stock opened lower at ₹957.35, NDTV Prime reported.

The shares fell 1.51 percent to hit a three-month low, trading at ₹962.85 apiece in intraday deals on Tuesday, according to the report.

The decline came a day after the private sector lender announced its Q3 business update.

HDFC Bank reported a 12 percent year-on-year growth in loans, with gross advances rising to ₹28.44 lakh crore in the December quarter of the current financial year.

Advances under management—loans before adjustments—increased by around 9 to 9.8 percent year-on-year to approximately ₹28.6–₹29.4 lakh crore.

The bank has scheduled the announcement of its detailed Q3 FY26 financial results for January 17, 2026, when the unaudited numbers, including profit after tax, net interest income, margins and provisions, will be formally approved and released.

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