HDFC Bank stock tumbles nearly 2% amid reports that 15.6 lakh shares change hands in block deal

In mid-July, the bank had announced a 1:1 bonus issue, which means shareholders would be eligible for one equity share for every one share held by them, marking HDFC Bank’s first-ever bonus share issue. Shares of HDFC Bank fell as much as 1.89% to an intra-day low of ₹955 apiece on the National Stock Exchange (NSE) during the early trading session on Thursday, August 28. This comes on the back of an The Economic Times report that 15.6 lakh shares of the country’s largest private lender changed hands in a large block deal. On Tuesday, the private sector bank’s stocks were trading ex-bonus on both the NSE and BSE. In mid-July, the bank had announced a 1:1 bonus issue, which means shareholders would be eligible for one equity share for every one share held by them, marking HDFC Bank’s first-ever bonus share issue. The private sector lender reported a 12% year-on-year (YoY) surge in its net profit to ₹18,155 crore in the first quarter of the 2025-26 financial year (Q1FY26). In the corresponding period of a year ago, its profit stood at ₹16,175 crore. Its net interest income (NII) advanced 5% YoY to ₹31,438 crore during the period under review, as against ₹29,837 crore in the June quarter of FY25. HDFC Bank’s provisions and contingencies increased steeply by 455% YoY to ₹14,441.63 crore. The bank has made floating provisions of ₹9,000 crore and additional contingent provisions of ₹1,700 crore during the quarter, the bank said. Its asset quality deteriorated as its gross non-performing assets (GNPA) stood at 1.40% in Q1FY26, compared to 1.33% in the first quarter of the previous fiscal year. Its net NPA was at 0.47% in the June FY26 quarter, as against 0.39% in Q1FY25. The bank's asset quality deteriorated slightly as its gross non-performing assets (NPA), as a percentage of total advances, came in at 1.40% as against 1.33% in the year-ago period. Its net NPA came in at 0.47% as against 0.39% in the same period last year. Its retail loans grew by 8.1%, small and mid-market enterprise loans grew by 17.1% and corporate and other wholesale loans grew by 1.7%. Furthermore, its overseas advances constituted 1.7% of the total advances, the bank stated. Shares of HDFC Bank were trading 0.29% higher at ₹970.60 apiece, as of 11:30 am. India’s largest sector bank has a total market capitalisation of ₹14.9 lakh crore, as of August 28, 2025, as per data on the NSE.