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HDFC Bank Limited (HDB)
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HDFC Bank Limited Balance Sheet 2025-2007 | HDB
Brief balance sheet overview of HDFC Bank Limited
The comparison uses five available annual reports from the 2021–2025 interval.
Total assets increased by +168%, from 18 trillion INR to 48.2 trillion INR. A CAGR near 27.9% points to substantial expansion.
Liabilities grew more slowly than assets: +150.2% versus +168%. Expansion relied more on equity, improving funding quality.
For this sector, the direction of capital matters more than a high liability share itself: the equity ratio is 15.9% versus 12%.
What the balance sheet shows
HDFC Bank Limited's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet HDFC Bank Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.88 T | 4.56 T | 667 B | 432 B | 244 B | 415 B | 310 B | 359 B | 300 B | 145 B | 117 B | 24.4 B | 76.5 B | -9.68 B | -196 B | -222 B | -104 B | - | - |
Long Term Debt |
5.87 T | 6.65 T | 2.05 T | 1.55 T | 1.17 T | 1.03 T | 1.04 T | 933 B | 731 B | 522 B | 458 B | 395 B | 295 B | 178 B | 93.3 B | 75.9 B | 67.6 B | - | - |
Total Liabilities |
39.6 T | 36.2 T | 22.8 T | 18.6 T | 15.8 T | 14.1 T | 11.6 T | 10.2 T | 8.04 T | 6.87 T | 5.51 T | 4.59 T | 3.9 T | 3.17 T | 2.57 T | 2.11 T | 1.77 T | - | - |
Retained Earnings |
- | - | - | - | - | - | 587 B | 463 B | 364 B | 291 B | 229 B | 175 B | 133 B | 99.8 B | 71.9 B | 47.1 B | 34.8 B | - | - |
Total Assets |
48.2 T | 44.1 T | 25.8 T | 21.1 T | 18 T | 16 T | 13.3 T | 11.4 T | 9.07 T | 7.74 T | 6.26 T | 5.13 T | 4.37 T | 3.57 T | 2.92 T | 2.42 T | 2.02 T | - | - |
Cash and Cash Equivalents |
1.98 T | 2.09 T | 1.39 T | 1.12 T | 931 B | 612 B | 735 B | 574 B | 431 B | 378 B | 341 B | 371 B | 219 B | 188 B | 289 B | 298 B | 171 B | 147 B | 80.5 B |
Book Value |
8.62 T | 7.89 T | 2.92 T | 2.51 T | 2.16 T | 1.9 T | 1.64 T | 1.18 T | 1.03 T | 871 B | 752 B | 533 B | 470 B | 397 B | 348 B | 306 B | 250 B | - | - |
Total Shareholders Equity |
7.68 T | 6.95 T | 2.91 T | 2.5 T | 2.16 T | 1.89 T | 1.63 T | 1.17 T | 1.03 T | 869 B | 750 B | 532 B | 468 B | 395 B | 346 B | 306 B | 249 B | 120 B | 65.8 B |
Annual performance
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All numbers in INR currency
Quarterly Balance Sheet HDFC Bank Limited
| 2025-Q4 | 2025-Q1 | 2024-Q4 | 2024-Q1 | 2023-Q4 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q1 | 2009-Q4 | 2009-Q1 | 2008-Q1 | 2007-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
5.87 T | 5.87 T | 6.65 T | 6.65 T | 2.05 T | 2.05 T | 1.55 T | - | - | - | 1.17 T | - | - | 1.17 T | 1.03 T | - | - | 1.03 T | 1.04 T | - | - | 1.04 T | 933 B | - | - | 933 B | 731 B | - | - | 731 B | 522 B | - | - | 522 B | 458 B | - | - | 458 B | 395 B | 406 B | - | 395 B | - | - | - | 295 B | 295 B | - | - | 178 B | 178 B | - | - | 93.3 B | 93.3 B | 75.9 B | 75.9 B | 67.6 B | - | - |
Total Liabilities |
39.6 T | 39.6 T | 36.2 T | 36.2 T | 22.8 T | 22.8 T | 18.6 T | - | - | - | 15.8 T | - | - | 15.8 T | 14.1 T | - | - | 14.1 T | 11.6 T | - | - | 11.6 T | 10.2 T | - | - | 10.2 T | 8.04 T | - | - | 8.04 T | 6.87 T | - | - | 6.87 T | 5.51 T | - | - | 5.51 T | 4.59 T | 4.75 T | - | 4.59 T | - | - | - | 3.9 T | 3.9 T | - | - | 3.17 T | 3.17 T | - | - | 2.57 T | 2.57 T | 2.11 T | 2.11 T | 1.77 T | - | - |
Retained Earnings |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 587 B | - | - | 587 B | 463 B | - | - | 463 B | 364 B | - | - | 364 B | 291 B | - | - | 291 B | 229 B | - | - | 229 B | 175 B | 199 B | - | 175 B | - | - | - | 133 B | 133 B | - | - | 99.8 B | 99.8 B | - | - | 71.9 B | 71.9 B | 47.1 B | 47.1 B | 34.8 B | - | - |
Total Assets |
48.2 T | 48.2 T | 44.1 T | 44.1 T | 25.8 T | 25.8 T | 21.1 T | - | - | - | 18 T | - | - | 18 T | 16 T | - | - | 16 T | 13.3 T | - | - | 13.3 T | 11.4 T | - | - | 11.4 T | 9.07 T | - | - | 9.07 T | 7.74 T | - | - | 7.74 T | 6.26 T | - | - | 6.26 T | 5.13 T | 5.32 T | - | 5.13 T | - | 4.65 T | - | 4.37 T | 4.37 T | - | - | 3.57 T | 3.57 T | - | - | 2.92 T | 2.92 T | 2.42 T | 2.42 T | 2.02 T | - | - |
Cash and Cash Equivalents |
1.98 T | 1.98 T | 2.09 T | 2.09 T | 1.39 T | 1.39 T | 1.12 T | - | - | - | 931 B | - | - | 931 B | 612 B | - | - | 612 B | 735 B | - | - | 735 B | 574 B | - | - | 574 B | 431 B | - | - | 431 B | 378 B | - | - | 378 B | 341 B | - | - | 341 B | 371 B | 228 B | - | 371 B | - | 251 B | - | 219 B | 219 B | - | - | 188 B | 188 B | - | - | 289 B | 289 B | 298 B | 298 B | 171 B | 147 B | 80.5 B |
Book Value |
8.62 T | 8.62 T | 7.89 T | 7.89 T | 2.92 T | 2.92 T | 2.51 T | - | - | - | 2.16 T | - | - | 2.16 T | 1.9 T | - | - | 1.9 T | 1.64 T | - | - | 1.64 T | 1.18 T | - | - | 1.18 T | 1.03 T | - | - | 1.03 T | 871 B | - | - | 871 B | 752 B | - | - | 752 B | 533 B | 575 B | - | 533 B | - | 4.65 T | - | 470 B | 470 B | - | - | 397 B | 397 B | - | - | 348 B | 348 B | 306 B | 306 B | 250 B | - | - |
Total Shareholders Equity |
8.62 T | 7.68 T | 7.89 T | 6.95 T | 2.92 T | 2.91 T | 2.51 T | - | - | - | 2.16 T | - | - | 2.16 T | 1.9 T | - | - | 1.89 T | 1.64 T | - | - | 1.63 T | 1.18 T | - | - | 1.17 T | 1.03 T | - | - | 1.03 T | 871 B | - | - | 869 B | 752 B | - | - | 750 B | 533 B | 575 B | - | 532 B | - | 475 B | - | 468 B | 470 B | - | - | 395 B | 397 B | - | - | 346 B | 348 B | 306 B | 306 B | 249 B | 120 B | 65.8 B |
Quarterly performance
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All numbers in INR currency
Balance Sheet is a fundamental financial report of HDFC Bank Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.