HDFC Bank Limited (HDB) Balance Sheet

NYSE: HDBAssets, liabilities, debt and equity over 10 years.

HDB balance sheet, FY2026

March 31, 2026 · Indian rupees

₹48.11T assets = ₹42.14T liabilities + ₹5.96T equity

What it owns₹48.11TCash & ST investments: ₹3.06T (6.4%)₹3.06TReceivables: ₹330.25B (0.7%)PP&E: ₹161.65B (0.3%)Goodwill & intangibles: ₹2.98T (6.2%)₹2.98TLT investments: ₹8.43T (17.5%)LT investments₹8.43T · 18%Other non-current: ₹33.48T (69.6%)Other non-current₹33.48T · 70%=How it is financed₹48.11TLong-term debt: ₹5.12T (10.6%)Long-term debt ₹5.12TOther LT liabilities: ₹37.03T (77.0%)Other LT liabilities₹37.03T · 77%Shareholders’ equity: ₹5.96T (12.4%)Shareholders’ equity₹5.96T · 12%

Both columns are drawn to the same scale: what HDB owns equals what it owes plus shareholders’ equity. Hover a block for its value.

HDB financial health

Debt / equity1.00
Moderate leverage · ₹1.00 of debt for each $1 of equity
Cash / debt53.0%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles6.2%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

HDB balance sheet trends, FY2017–FY2026

MetricTrendThenLatestChange
Total assets₹9.07TFY2017₹48.11TFY2026+20.4%/yr
Total liabilities₹8.04TFY2017₹42.14TFY2026+20.2%/yr
Shareholders’ equity₹1.03TFY2017₹5.74TFY2026+21.1%/yr
Cash & short-term investments₹2.68TFY2017₹3.06TFY2026+1.5%/yr
Total debt₹1.05TFY2017₹5.77TFY2026+20.8%/yr
Net cash (debt)₹1.62TFY2017−₹2.71TFY2026−₹4.3T
Working capital₹2.20TFY2017−₹19.35TFY2025−₹21.6T
Debt / equity1.03FY20171.00FY2026−0.02
Shares outstanding3.44BFY20175.14BFY2026+4.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

HDB assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

HDB liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

HDB debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

HDB balance sheet in Indian rupees

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Assets
Cash & short-term investments₹3.06T₹9.20T₹9.93T₹7.24T₹4.34T₹5.32T₹4.13T₹3.49T₹2.94T₹2.68T
Cash & equivalents₹3.06T₹3.22T₹3.43T₹2.36T₹1.60T₹1.04T₹726.74B₹855.41B₹719.03B₹566.71B
Short-term investments₹7.28T₹5.97T₹6.50T₹4.88T₹2.74T₹4.28T₹3.41T₹2.63T₹2.22T₹2.11T
Receivables₹330.25B₹454.65B₹379.13B₹330.76B₹188.53B₹170.45B₹405.52B₹166.17B₹119.10B₹104.08B
Inventory₹0₹0₹0₹464.5M₹512.2M₹512.6M₹0₹0₹0₹0
Other current assets₹0₹223.01B₹233.80B₹0₹56.47B₹43.16B₹0₹0₹0₹0
Total current assets₹3.06T₹9.87T₹10.54T₹7.57T₹4.59T₹5.53T₹4.54T₹3.65T₹3.06T₹2.78T
Property, plant & equipment (net)₹161.65B₹314.74B₹268.33B₹177.56B₹137.40B₹117.64B₹109.08B₹43.19B₹38.97B₹38.97B
Goodwill & intangible assets₹2.98T₹3.00T₹3.03T₹74.94B₹74.94B₹74.94B₹74.94B₹74.94B₹74.94B₹74.94B
Long-term investments₹8.43T₹6.98T₹10.06T₹5.01T₹4.44T₹4.39T₹3.71T₹2.90T₹2.39T₹2.15T
Other non-current assets₹33.48T₹28.02T₹20.23T₹12.91T₹11.87T₹7.87T₹7.53T₹6.61T₹5.80T₹4.02T
Total assets₹48.11T₹48.19T₹44.12T₹25.76T₹21.11T₹17.98T₹15.96T₹13.28T₹11.37T₹9.07T
Liabilities
Accounts payable₹653.39B₹576.84B₹531.48B₹437.29B₹234.72B₹221.80B₹259.30B₹237.99B₹254.24B₹259.03B
Short-term debt—₹1.44T₹1.37T₹1.09T₹706.01B₹595.32B₹377.42B₹654.06B₹779.20B₹322.27B
Total current liabilities—₹29.22T₹25.75T₹1.53T₹16.58T₹14.22T₹636.72B₹892.05B₹1.03T₹581.30B
Long-term debt₹5.12T₹6.35T₹7.31T₹2.57T₹1.55T₹1.17T₹1.03T₹1.04T₹932.91B₹730.92B
Lease obligations₹174.56B₹153.93B₹131.04B₹97.66B₹78.14B₹70.42B₹65.62B₹0₹0₹0
Other long-term liabilities₹37.03T₹3.99T₹3.17T₹0₹470.63B₹418.17B₹65.62B₹0₹0₹0
Total liabilities₹42.14T₹39.56T₹36.23T₹22.84T₹18.60T₹15.82T₹14.07T₹11.64T₹10.19T₹8.04T
Shareholders' equity
Common stock & paid-in capital₹15.09B₹7.65B₹7.60B₹5.58B₹5.55B₹5.51B₹5.48B₹5.45B₹5.19B₹5.13B
Retained earnings (deficit)₹2.41T₹2.10T₹1.75T₹1.45T₹1.15T₹897.87B₹713.34B₹587.24B₹462.88B₹364.47B
Treasury stock——————₹0₹0₹0₹0
Accumulated other comprehensive income₹44.55B₹1.15T₹865.60B₹575.47B₹511.49B₹462.02B₹408.37B₹300.13B₹229.53B₹213.73B
Minority interest₹993.30B₹946.00B₹938.86B₹5.64B——₹0₹0₹0₹0
Total shareholders' equity₹5.74T₹7.68T₹6.95T₹2.92T₹2.50T₹2.16T₹1.89T₹1.63T₹1.17T₹1.03T
Key figures
Total debt₹5.77T₹7.46T₹8.15T₹3.66T₹2.34T₹1.84T₹1.47T₹1.70T₹1.71T₹1.05T
Net cash (debt)−₹2.71T₹1.74T₹1.78T₹3.59T₹2.00T₹3.48T₹2.66T₹1.79T₹1.23T₹1.62T
Working capital—−₹19.35T−₹15.21T₹6.05T−₹11.99T−₹8.69T₹3.90T₹2.76T₹2.03T₹2.20T
Tangible book value₹2.76T₹4.68T₹3.92T₹2.84T₹2.43T₹2.08T₹1.82T₹1.56T₹1.10T₹951.11B
Shares outstanding5.14B5.11B4.74B1.86B3.71B3.68B3.67B3.61B3.49B3.44B
Current ratio—0.340.414.960.280.397.134.102.964.79
Quick ratio—0.330.404.960.270.397.134.102.964.79
Debt / equity1.000.971.171.250.930.850.781.041.461.03
Equity / assets11.9%15.9%15.7%11.3%11.9%12.0%11.9%12.3%10.3%11.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Indian rupees as reported (latest annual report filed July 29, 2026); data from EODHD.

HDB financial position

At the end of fiscal 2026 (March 31, 2026), HDFC Bank had total assets of ₹48.11 trillion (down 0.2% from a year earlier), total liabilities of ₹42.14 trillion and shareholders' equity of ₹5.74 trillion. It held ₹3.06 trillion in cash and short-term investments against ₹5.77 trillion of debt, net debt of ₹2.71 trillion. In the latest quarter (ended June 30, 2026) total assets were ₹50.03 trillion and equity ₹6.10 trillion.

Related: HDB income statement, HDB cash flow statement, HDB key metrics. See the HDB stock overview for the latest quote and news.

HDB balance sheet FAQ

What are HDFC Bank's total assets?

HDFC Bank reported total assets of ₹48.11 trillion at the end of fiscal 2026 (March 31, 2026), compared with ₹48.19 trillion a year earlier.

How much debt does HDFC Bank have?

HDFC Bank had ₹5.77 trillion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.00.

How much cash does HDFC Bank have?

HDFC Bank held ₹3.06 trillion in cash and short-term investments at the end of fiscal 2026; with ₹5.77 trillion of debt that is net debt of ₹2.71 trillion.

What is HDFC Bank's book value?

HDFC Bank's shareholders' equity (book value) was ₹5.74 trillion at the end of fiscal 2026.

How much goodwill does HDFC Bank have?

HDFC Bank carried ₹2.98 trillion of goodwill and intangible assets, 6.2% of total assets, at the end of fiscal 2026.

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