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HDFC Bank rated Hold due to RBI forex rules impacting future income despite strong Q4 results

Market News
06 Apr 2026
Seeking Alpha
View Source
Neutral
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HDFC Bank's Q4 FY2026 performance was solid, showing improvements in loan-to-deposit ratio and CASA ratio. However, the Reserve Bank of India's new foreign exchange restrictions may cause one-time losses and reduce recurring income going forward. As a result, the analyst maintains a neutral (Hold) rating on HDFC Bank, balancing recent good results against potential regulatory headwinds. Investors should watch for how these RBI rules affect HDFC's future earnings.

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