HDFC Bank Limited — Credit Ratings, 18-03-2026: Credit Rating

India Ratings (Ind-Ra) affirmed HDFC Bank's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook, reflecting its strong financial health and systemic importance. Ind-Ra assigned 'IND A1+' to new Certificates of Deposit worth ₹25,000 Cr, while reaffirming existing CDs worth ₹125,000 Cr at 'IND A1+'. Fixed deposits, Infrastructure bonds (₹20,000 Cr), and Basel-III Tier 2 bonds (₹25,000 Cr) also reaffirmed 'IND AAA/Stable'. Basel-III Tier 1 bonds (₹15,000 Cr) reaffirmed 'IND AA+/Stable'.