In the last three months, HDFC Bank shares have surged 38 per cent. HDFC Banks' total deposits were up 19 per cent to Rs 12 lakh crore. While total advances as of December- end stood at Rs 10.8 lakh crore an increase of 15.6 per cent. LKP Securities noted that HDFC Bank expected to outperform the sector led by healthy growth in operating income, much higher provision than the regulatory requirement in the balance sheet, strong capital cushion of 17 per cent at CET1 level and the best in class underwriting and risk management practices. The analysts at the brokerage firm see 12 per cent rise in the share price. It has pegged a 12-month price target of Rs 1,643 apiece and expects HDFC Bank to remain one of the best among all the lending businesses.