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Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →HDFC Bank’s provisional Q2FY27 business update reported period-end deposits of ₹33.27 trillion at September 30, 2026, up 18.8% year over year, compared with 16.3% growth in gross advances to ₹32.19 trillion. The bank also reported mobilising $11.5 billion in FCNR(B) deposits under an RBI swap facility. The comparison reverses sequentially: advances rose 5.2% from the prior quarter, versus 4.9% for deposits.
Did HDFC Bank deposits grow faster than advances in Q2FY27?
Yes, on a year-over-year period-end basis. HDFC Bank’s provisional business update put deposits at ₹33.27 trillion on September 30, 2026, 18.8% higher than a year earlier. Gross advances were ₹32.19 trillion, up 16.3% year over year. Business Standard reported the figures on October 5, 2026.
| Period-end measure | September 30, 2026 | Year-over-year change | Sequential change |
|---|---|---|---|
| Deposits | ₹33.27 trillion | +18.8% | +4.9% |
| Gross advances | ₹32.19 trillion | +16.3% | +5.2% |
The table compares period-end balances, not quarterly averages. It shows why the timeframe matters: deposits grew faster year over year, but gross advances grew slightly faster quarter over quarter.
How much FCNR(B) deposit did HDFC Bank raise?
HDFC Bank reported mobilising $11.5 billion in Foreign Currency Non-Resident (Bank), or FCNR(B), deposits under the RBI swap facility. Business Standard reported this as approximately ₹1.10 trillion. That mobilisation is a distinct funding item; it is not the same as the bank’s total deposit increase, and the available figures do not establish what portion of that increase it caused. Financial Express also reported the mobilisation and related amounts.
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The same coverage said HDFC’s overseas branches extended $5.7 billion in loan facilities against the deposits, with associated standby letters of credit totalling $3.1 billion. These are separate reported financing figures; the available information does not support treating them as funds to subtract from deposits.
What is the RBI swap facility for FCNR(B) deposits?
FCNR(B) deposits are foreign-currency deposits offered to non-resident customers by banks in India. Contemporary reporting said the RBI introduced a special USD/INR swap facility on June 8, 2026, to encourage banks to mobilise longer-tenor FCNR(B) deposits, and described the swap terms as concessional. The reporting identified August 31 as the relevant availability end date for HDFC’s mobilisation. These details provide context for the reported fundraising, but do not establish precise eligibility, tenor, pricing, or expiry mechanics.
The RBI’s FAQ listing for the facility is available at RBI FAQs, but its underlying page did not expose accessible current terms in the material available for this report. HDFC’s FCNR deposit information covers the product, but rates and terms can change.
What do the deposit averages and mix show?
Period-end balances and averages answer different questions. The September 30 balances are snapshots; quarterly averages show the average amount held during the quarter. HDFC’s average deposits for Q2FY27 were ₹31.66 trillion, up 16.8% year over year and 5.1% from ₹30.12 trillion in Q1FY27.
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1Repair Windows errors before they cause bigger problems2Fix the driver behind crashes, sound loss and screen glitches3Clear out junk files and repair common Windows errors| Deposit measure | Q2FY27 average | September 30, 2026 period-end |
|---|---|---|
| Total deposits | ₹31.66 trillion; +16.8% year over year and +5.1% sequentially | ₹33.27 trillion; +18.8% year over year and +4.9% sequentially |
| CASA deposits | ₹9.71 trillion; +10.7% year over year | ₹10.52 trillion; +10.8% year over year |
| Time deposits | ₹21.95 trillion; +19.7% year over year | ₹22.76 trillion; +22.8% year over year |
CASA refers to current and savings accounts. In both the average and period-end comparisons, time deposits grew faster than CASA. This is a difference in growth rates; the reported figures alone do not quantify how much the mix shift contributed to total deposit growth.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Gross advances and advances under management are different measures
HDFC separately reported advances under management of ₹33.08 trillion at September-end, up 15.3% year over year. That figure is not interchangeable with gross advances of ₹32.19 trillion. The year-over-year comparison in the headline uses gross advances, the period-end measure reported alongside deposits.
Are these HDFC Bank’s final Q2FY27 results?
No. The figures were described as provisional business figures, not audited or final quarterly financial results. HDFC Bank’s investor-relations financial-results page, checked October 5, 2026, listed Q1FY27 materials but not Q2FY27 results. A separate $2.5 billion in dollar-denominated senior unsecured bonds issued during June–August 2026 was also reported as a funding item; it should not be conflated with the FCNR(B) deposits.
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