HDFC Bank Shares Fall 2% Despite Double-Digit Loan Growth; LDR Raises Concerns

• HDFC Bank shares fell 2% on Monday despite reporting nearly 12% YoY loan growth in Q3.
• This marks the first double-digit loan growth since the merger on a normalised base.
• Gross advances grew 11.9% YoY to ₹28.44 lakh crore; deposits rose 11.5% YoY to ₹28.59 lakh crore.
• The key concern is the Loan-to-Deposit Ratio (LDR), which increased by 50 basis points to 99%.
• A high LDR raises investor concerns about future loan growth constraints and the bank's ability to meet FY27 growth guidance.

Why It Matters: HDFC Bank's shares fell due to rising LDR concerns, overshadowing strong post-merger loan growth.