On January 5, HDFC Bank’s share price dropped more than 2%, while Union Bank of India’s stock jumped over 4% to a fresh 52‑week high.
HDFC Bank Q3 FY26 update and stock reaction
The bank shared provisional numbers for the third quarter of fiscal year 2026:
- Average advances under management: grew 9% YoY to ₹28.64 lakh crore.
- Period‑end advances: rose 9.8% YoY to ₹29.46 lakh crore.
- Gross advances: up 11.9% YoY to ₹25.43 lakh crore.
- Average deposits: increased 12.2% YoY to ₹27.52 lakh crore.
- CASA deposits: up 9.9% YoY to ₹8.18 lakh crore.
Despite the growth, the market reacted negatively and the shares fell to ₹978.50, making HDFC Bank the top loser on both the Sensex and Nifty indices.
Union Bank of India Q3 FY26 update and stock reaction
Union Bank released its provisional Q3 numbers after market hours on January 2:
- Total gross advances: rose 7.13% YoY to ₹10.17 lakh crore.
- Deposits: grew 3.36% YoY to ₹12.23 lakh crore.
- Domestic CASA deposits: increased 5% YoY to ₹4.15 lakh crore.
The positive data lifted the stock, which climbed more than 4% to ₹162.99, hitting a new 52‑week high.
Performance of other banks
- Federal Bank and IDFC First Bank fell just over 1% each.
- Kotak Mahindra Bank, Punjab National Bank, IndusInd Bank and Canara Bank closed with small losses.
- Yes Bank rose over 2%.
- Axis Bank, ICICI Bank and AU Small Finance Bank each gained more than 1%.
- SBI and Bank of Baroda ended the day with modest gains.
The Nifty Bank index finished slightly lower at 60,044.20 points.
What investors should keep in mind
Both banks showed solid growth in advances and deposits, but market sentiment can shift quickly based on how numbers compare to expectations. Keeping an eye on quarterly trends and broader banking sector movement is key.
Remember, this is just an overview, not investment advice. Do your own research before making any decisions.