Market Performance
HDFC Bank share price saw a marginal rise of 0.8%, closing at ₹1,998 on Tuesday.
The stock is now nearing its 52-week high of ₹2,027, indicating positive investor sentiment ahead of the upcoming board meeting.
Main News
On Wednesday, July 16, HDFC Bank notified the stock exchanges that it will be considering a bonus issue of shares—the first-ever in the bank's history—on Saturday, July 19.
The board will also deliberate on a special dividend for shareholders during the same meeting. This announcement comes alongside the Q1 results review for the June 2025 quarter.
Company Details
HDFC Bank, India's largest private lender, has not issued any bonus shares in the past.
The only corporate actions previously undertaken include:
- 2011: Stock split from 1 share of ₹10 to 5 shares of ₹2
- 2019: Further split from 1 share of ₹2 to 2 shares of ₹1
In a separate move, HDFC Bank recently sold a ₹10,000 Crore stake in HDB Financial Services, its non-banking finance arm, through the Offer For Sale (OFS) route during its IPO process.
Quarterly Financial Highlights
Deposits
- Total Deposits: ₹27.64 lakh Crore
- YoY Growth: 16.2%
- QoQ Growth: 1.8%
- Major Driver: Term Deposits
Advances
- Total Advances: ₹26.53 lakh Crore
- YoY Growth: 6.7%
These figures are part of the lender's June quarter business update.
Summary of the Article
HDFC Bank is set to make a landmark move by considering its first-ever bonus issue, along with a special dividend, which is expected to boost investor confidence. The news comes at a time when the bank has reported robust deposit growth and continues to stay close to its 52-week high share price.
The upcoming board meeting on July 19 will be closely watched as it may mark a pivotal point in the bank's corporate actions, reinforcing its position as a market leader in private banking.
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