<p>Bengaluru: Shares of India's top private lender <a href="https://www.deccanherald.com/tags/hdfc-bank">HDFC Bank</a> fell over 3% on Friday, a day after it reported a drop in loans during the three months ended June 30, and no rise in deposits from the previous three months.</p>.<p>HDFC Bank on Thursday said its gross advances dipped 0.8% sequentially in the first quarter.</p>.<p>The flat deposit growth was below what the bank managed a year ago, Jefferies analysts said in a note, calling it "slightly disappointing."</p>.<p>Shares of HDFC Bank - down 2.4% this year compared with gains of over 11% in the benchmark Nifty 50 index - were set for their biggest one-day drop since June 4. The stock had hit a record high earlier this week on hopes of a bigger weight in a key MSCI index.</p>.Kotak Bank created fund used to bet against Adani: Short-seller Hindenburg after Sebi notice.<p>HDFC Bank was also the top loser on the Nifty 50 index on Friday.</p>.<p>The bank's merger with its non-bank lender parent last year added a large pool of mortgage loans to its portfolio but a much smaller amount of deposits.</p>.<p>As of June's end, the bank's advances stood at Rs 24.87 trillion ($297.91 billion), while deposits stood at Rs 23.79 trillion.</p>.<p>Low-cost current and savings account deposits fell 5% sequentially to Rs 8.64 trillion in the quarter.</p>.<p><em>($1 = 83.4810 Indian rupees)</em> </p>
<p>Bengaluru: Shares of India's top private lender <a href="https://www.deccanherald.com/tags/hdfc-bank">HDFC Bank</a> fell over 3% on Friday, a day after it reported a drop in loans during the three months ended June 30, and no rise in deposits from the previous three months.</p>.<p>HDFC Bank on Thursday said its gross advances dipped 0.8% sequentially in the first quarter.</p>.<p>The flat deposit growth was below what the bank managed a year ago, Jefferies analysts said in a note, calling it "slightly disappointing."</p>.<p>Shares of HDFC Bank - down 2.4% this year compared with gains of over 11% in the benchmark Nifty 50 index - were set for their biggest one-day drop since June 4. The stock had hit a record high earlier this week on hopes of a bigger weight in a key MSCI index.</p>.Kotak Bank created fund used to bet against Adani: Short-seller Hindenburg after Sebi notice.<p>HDFC Bank was also the top loser on the Nifty 50 index on Friday.</p>.<p>The bank's merger with its non-bank lender parent last year added a large pool of mortgage loans to its portfolio but a much smaller amount of deposits.</p>.<p>As of June's end, the bank's advances stood at Rs 24.87 trillion ($297.91 billion), while deposits stood at Rs 23.79 trillion.</p>.<p>Low-cost current and savings account deposits fell 5% sequentially to Rs 8.64 trillion in the quarter.</p>.<p><em>($1 = 83.4810 Indian rupees)</em> </p>