Investors interested in Banks - Foreign stocks are likely familiar with HDFC Bank (HDB) and Commonwealth Bank of Australia Sponsored ADR (CMWAY). But which of these two companies is the best option for those looking for undervalued stocks?
I maintain my "Hold" rating for HDFC Bank with its mixed Q2 results. The positives include better asset quality and non-interest income, and the realization of M&A synergies. But NIM contraction, weak loan growth, and an elevated loan-to-deposit ratio remain concerns for HDB.
HDFC Bank Limited (NYSE:HDB ) Q2 2026 Earnings Call October 18, 2025 8:30 AM EDT Company Participants Srinivasan Vaidyanathan - Chief Financial Officer Sashidhar Jagdishan - MD, CEO & Director Kaizad Bharucha - Deputy MD & Director Conference Call Participants Mahrukh Adajania - Nuvama Wealth Management Limited, Research Division Chintan Joshi Kunal Shah - Citigroup Inc., Research Division Anand Swaminathan - BofA Securities, Research Division Rikin Shah - IIFL Research Abhishek Murarka - HSBC Global Investment Research Jayant Kharote - Axis Capital Limited, Research Division Ravi Purohit - Securities Investment Management Pvt Ltd Presentation Operator Ladies and gentlemen, good day and welcome to HDFC Bank Limited Q2 FY '26 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.
| Banks Industry | Financials Sector | Sashidhar Jagdishan CEO | LSE Exchange | US40415F1012 ISIN |
| IN Country | 214,521 Employees | 12 Aug 2024 Last Dividend | 8 Sep 2025 Last Split | - IPO Date |
HDFC Bank Limited is a leading provider of banking and financial services, catering to both individuals and businesses across India, Bahrain, Hong Kong, and Dubai. Since its establishment in 1994, HDFC Bank has grown to offer a wide range of financial products and services, segmented into Wholesale Banking, Retail Banking, and Treasury Services. With a robust presence reflected in its extensive network of branches and automated teller machines in various cities and towns, the company is headquartered in Mumbai, India, standing as a cornerstone of financial reliability and accessibility.
Accounts and Deposits: HDFC offers a variety of accounts including savings, salary, current, rural, and public provident fund accounts, alongside pension and demat accounts. It also provides fixed and recurring deposits, safe deposit lockers, offshore accounts and deposits, and overdrafts against fixed deposits, catering to the diverse financial needs of its customers.
Loans: The bank has an extensive portfolio of loan products such as personal, home, car, two-wheeler, business, educational, gold, and consumer loans. It also offers loans against properties, securities, fixed deposits, and for professionals, covering various aspects of financial borrowing needs including government-sponsored programs, loans on credit cards, and commercial/construction equipment finance.
Credit and Debit Cards: HDFC Bank provides a range of credit, debit, prepaid, and forex cards, offering convenience and financial flexibility to its customers.
Payment and Remittance Services: These include various payment and collection services, export and import financing, remittance services, bank guarantees, letters of credit, and trade and hedging services, designed to support businesses in managing their international trade requirements efficiently.
Insurance and Investment Products: The bank offers a variety of insurance and investment products, helping customers to secure their financial future and grow their wealth.
Banking Services: HDFC provides comprehensive banking services including online and wholesale banking, mobile and phone banking, unified payment interface, immediate payment service, national electronic funds transfer, and real-time gross settlement services. It also features services like channel financing, vendor financing, money market, derivatives, and solutions for supply chain partners and agricultural customers, ensuring a wide range of options for managing finances effectively.