Bank stock in focus after shares worth ₹1,676 Cr change hands via block deal

Synopsis: Interest in the private sector banking giant.HDFC Bank witnessed a major block deal on 9th January 2026, with 1.7 crore shares traded at Rs. 949.55 each, totalling Rs. 1,676 crore, reflecting strong investor

This is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank is now in the spotlight after seeing its Rs. 1,676 cr worth shares changed hands.

With a market capitalisation of Rs. 14,44,150 cr, the shares of HDFC Bank Ltd are currently trading at Rs. 938.70 per share, down from its previous close of Rs. 946.60 per share.

Block Deal 

On 9th January 2026, HDFC Bank witnessed a significant block deal involving 1.7 crore shares. The shares were traded at a price of Rs. 949.55 each, taking the total deal value to Rs. 1,676.3 crore. This sizable transaction highlights strong investor interest and confidence in one of India’s leading private sector banks, underscoring its prominence in the market.

Earlier, on 7th Jan 2026, HDFC Bank shares saw significant trading activity, with 3.1 crore shares changing hands at a price of Rs. 951.05 each, resulting in a total deal value of Rs. 2,946.42 crore.

About the company 

HDFC Bank, one of India’s leading private sector banks, was incorporated in 1994 and began operations in 1995. In 2022, it merged with HDFC Ltd, India’s largest housing finance company, creating a professionally managed financial conglomerate offering banking, home loans, insurance, and mutual funds across urban, semi-urban, and rural India.

Net interest income stood at Rs. 31,500 cr in Q2FY26. Financing loss narrowed to Rs. 4,908 cr from Rs. 24,833 cr. Profit before tax jumped to Rs. 26,659 cr from Rs. 20,850 cr. Net profit increased from Rs. 17,090 cr to Rs. 20,364 cr over the same period. 

In Q2 FY26, the bank reported strong growth in deposits and advances. Average deposits rose 15.1% YoY to Rs. 3.56 lakh cr, with end-of-period deposits up 12.1% YoY. CASA deposits increased QoQ modestly by Rs. 0.17 lakh cr (1.9%), while time deposits grew by Rs. 0.36 lakh cr (2.0%) QoQ.

Assets under management (AUM) grew 9.0% YoY to Rs. 2.31 lakh cr on average, with QoQ growth of 1.9% and end-of-period AUM up 3.1%. Gross advances increased 9.9% YoY and 4.4% QoQ, while asset quality remained stable, with GNPA at 1.24% and ex-agri GNPA at 0.99%.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Bank stock in focus after shares worth ₹1,676 Cr change hands via block deal appeared first on Trade Brains.