HDFC Bank Stock Falls 1%, Yes Bank Shares Up 2% : Should You Buy Either Private Bank Stocks After Q2?

Two private giant stocks, namely HDFC Bank and Yes Bank, are in focus after their Q2 updates for FY27. In the early hours of Monday, HDFC Bank shares fell 1%, while Yes Bank outperformed among three with 2% upside. Both the banks have reported their quarterly balance sheet performance. Yes Bank posted double-digit growth in both loans and deposits in Q2. However, HDFC faced selling pressure despite recording over 16% YoY growth in advances and nearly 19% growth in deposits.

HDFC Bank Share Price

At the time of writing, HDFC Bank shares traded at Rs 714.60 apiece on NSE, down by nearly 1%. The stock is trading near its intraday low of Rs 713 apiece.

HDFC Bank posted 18.8% growth in overall deposits in Q2 to Rs 33,275 billion, compared to Rs 28,018 billion in Q2 of FY26. Meanwhile, its total gross advances soared by 16.3% to Rs 32,195 billion as of the September 2026 quarter, compared to Rs 27,692 billion in Q2FY26.

In the quarter, HDFC Bank's advance under management stood at Rs 33,075 billion, registering a growth of 15.3%. While average CASA deposits gained by 10.7% to Rs 9,712 billion in Q2FY27.

As per Jefferies note, for September 2026 quarter, HDFC Bank reported 16% growth in loans, 19% in deposits &
11% in Casa. These compare with 15%, 15% & 9% in the Jun-qtr. LDR stands at 97%. Growth rates have a boost of $11.5 billion of FCNR-B deposits, of which $5.7 billion is via loans - these are 3.3% of deposits & 1.7% of loans.

The stock of largest bank of India also fell after the appointment of a new CEO, Anup Bagchi. A former ICICI Group member, Bagchi is a seasoned financial services leader with over three decades of experience across banking, capital markets, wealth management and insurance.

Yes Bank Share Price

At the time of writing, Yes Bank stock gained by nearly 2% to trade around Rs 21.11 apiece on NSE, which is near its intraday high of Rs 21.23 apiece and also closer towards its 52-week high of Rs 25.78 apiece.

In Q2FY27, Yes Bank posted 23.8% YoY growth in loans and advances to Rs 309,675 crore, while deposits registered 19.5% YoY growth to Rs 354,084 crore. CASA ratio, however, fell to 30% in Q2FY27 versus 32.7% in Q1FY27 and 33.7% in Q2FY26. The bank's liquidity coverage ratio expanded to 131.4% in Q2FY27 from 125.1% in Q2FY26, but narrowed from 138.2% in Q1FY27.

HDFC Bank vs Yes Bank Shares: Which Stock To Buy?

Despite the latest decline, Jefferies is bullish on HDFC Bank. It said, "Our FY27e for loans / deposits is at 13% & 15%. With the appointment of the new CEO, Anup Bagchi, focus will stay on transition & way forward."

Accordingly, Jefferies recommended BUY on HDFC Bank for a target price of Rs 880 ahead.

On the contrary, the consensus recommendation from 13 analysts for YES Bank is SELL, as per Trendlyne data. The average target price is at Rs 21.15 apiece, which is currently the level.

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