DBT Bureau
Pune, 18 Oct 2026
HDFC Bank reported its financial results for the quarter ended September 30, 2026, at a meeting held in Mumbai on Saturday, October 17, 2026. The accounts were subjected to a limited review by the bank’s statutory auditors.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended September 30, 2026
The Bank’s net revenue was ₹ 484.5 billion for the quarter ended September 30, 2026, as against ₹ 459.0 billion for the quarter ended September 30, 2025.
Net interest income (interest earned less interest expended) for the quarter ended September 30, 2026 grew by 9.7% to ₹ 346.2 billion from ₹ 315.5 billion for the quarter ended September 30, 2025. Net interest margin was at 3.16% on total assets, and 3.32% based on interest earning assets.
Other income (non-interest revenue) for the quarter ended September 30, 2026 was ₹ 138.3 billion. The four components of other income for the quarter ended September 30, 2026 were fees & commissions of ₹ 96.9 billion (₹ 88.4 billion in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of ₹ 15.5 billion (₹ 15.9 billion in the corresponding quarter of the previous year), treasury trading gains of ₹ 7.8 billion (₹ 23.9 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of ₹ 18.1 billion (₹ 15.3 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended September 30, 2026 were ₹ 189.7 billion, as against ₹ 179.8 billion during the corresponding quarter of the previous year. The cost-to-income ratio for the quarter was at 39.1%.
Provisions and contingencies for the quarter ended September 30, 2026 were ₹ 35.7 billion. The total credit cost ratio was at 0.44% for the quarter ended September 30, 2026.
Profit before tax (PBT) for the quarter ended September 30, 2026 was at ₹ 259.1 billion. Profit after tax (PAT) for the quarter was at ₹ 195.1 billion, a growth of 4.7% over the quarter ended September 30, 2025. PAT, excluding treasury trading gains, grew by approximately 12.6% over the quarter ended September 30, 2025.
Balance Sheet: As of September 30, 2026
Total balance sheet size as of September 30, 2026 was ₹ 45,778 billion as against ₹ 40,030 billion as of September 30, 2025.
The Bank’s average deposits were ₹ 31,664 billion for the September 2026 quarter, a growth of 16.8% over ₹ 27,105 billion for the September 2025 quarter, and 5.1% over ₹ 30,115 billion for the June 2026 quarter.
The Bank’s average CASA deposits were ₹ 9,712 billion for the September 2026 quarter, a growth of 10.7% over ₹ 8,770 billion for the September 2025 quarter, and 1.5% over ₹ 9,570 billion for the June 2026 quarter.
Total EOP Deposits were at ₹ 33,274 billion as of September 30, 2026, an increase of 18.8% over September 30, 2025. CASA deposits grew by 10.8% with savings account deposits at ₹ 7,163 billion and current account deposits at ₹ 3,356 billion. Time deposits were at ₹ 22,755 billion as of September 30, 2026, an increase of 22.8% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 31.6% of total deposits as of September 30, 2026.
The Bank’s average advances under management, grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were ₹ 31,872 billion for the September 2026 quarter, a growth of 14.1% over ₹ 27,946 billion for the September 2025 quarter, and a growth of 4.9% over ₹ 30,386 billion for the June 2026 quarter.
Gross advances were at ₹ 32,195 billion as of September 30, 2026, an increase of 16.3% over September 30, 2025. Advances under management grew by 15.3% over September 30, 2025. Retail loans grew by 11.7%, small and mid-market enterprises loans grew by 23.5% and corporate and other wholesale loans grew by 16.4%. Overseas advances constituted 3.3% of total advances.
Half Year ended September 30, 2026
For the half year ended September 30, 2026, the Bank earned a total income of ₹ 1,894.4 billion as against ₹ 1,902.4 billion in the corresponding period of the previous year. Net revenues (net interest income plus other income) for the half year ended September 30, 2026 were ₹ 948.1 billion, as against ₹ 990.7 billion for the half year ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was ₹ 385.7 billion, up by 4.8% over the corresponding half year ended September 30, 2025.
Capital Adequacy:
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.9% as on September 30, 2026 (20.0% as on September 30, 2025) as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.2% and Common Equity Tier 1 Capital ratio was at 17.1% as of September 30, 2026. Risk-weighted Assets were at ₹ 31,793 billion.
NETWORK
As of September 30, 2026, the Bank’s distribution network was at 9,706 branches and 20,881 ATMs across 4,177 cities / towns as against 9,545 branches and 21,417 ATMs across 4,156 cities / towns as of September 30, 2025. 50% of the branches are in semi-urban and rural areas. In addition, the Bank has 14,365 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026 (as against 2,20,339 as of September 30, 2025).
ASSET QUALITY
Gross non-performing assets were at 1.11% of gross advances as on September 30, 2026 (0.87% excluding NPAs in the agricultural segment), as against 1.17% as on June 30, 2026 (0.91% excluding NPAs in the agricultural segment), and 1.24% as on September 30, 2025 (0.99% excluding NPAs in the agricultural segment). Net non-performing assets were at 0.37% of net advances as on September 30, 2026.
KEY SUBSIDIARIES
Amongst the Bank’s key subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards (‘Ind-AS’). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP.
HDB Financial Services Ltd (HDBFSL), is a non-deposit taking NBFC in which the Bank holds a 74.1% stake. For the quarter ended September 30, 2026, HDBFSL’s net revenue was at ₹ 31.9 billion. Profit after tax for the quarter ended September 30, 2026 was ₹ 7.8 billion compared to ₹ 5.8 billion for the quarter ended September 30, 2025, a growth of 34.2%. Profit after tax for the half year ended September 30, 2026 was ₹ 15.7 billion. The total loan book was ₹ 1,245 billion as on September 30, 2026. Stage 3 loans were at 2.43% of gross loans. Total CAR was at 21.4% with Tier-I CAR at 17.4%.
HDFC Life Insurance Company Ltd (HDFC Life), in which the Bank holds a 50.5% stake, is a leading life insurance solutions provider. Profit after tax for the quarter ended September 30, 2026 was ₹ 5.1 billion compared to ₹ 4.5 billion for the quarter ended September 30, 2025, a growth of 13.6%. Profit after tax for the half year ended September 30, 2026 was ₹ 11.2 billion.
HDFC ERGO General Insurance Company Ltd (HDFC ERGO), in which the Bank holds a 50.2% stake, offers a range of general insurance products. Profit after tax for the quarter ended September 30, 2026 was ₹ 1.6 billion compared to ₹ 1.8 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was ₹ 3.8 billion.
HDFC Asset Management Company Ltd (HDFC AMC), in which the Bank holds a 52.3% stake, is the Investment Manager to HDFC Mutual Fund, and offers a comprehensive suite of savings and investment products. For the quarter ended September 30, 2026, HDFC AMC’s Quarterly Average Assets Under Management were approximately ₹ 9,691 billion. Profit after tax for the quarter ended September 30, 2026 was ₹ 7.5 billion compared to ₹ 7.2 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was ₹ 15.9 billion.
HDFC Securities Ltd (HSL), in which the Bank holds a 93.9% stake, is amongst the leading broking firms. For the quarter ended September 30, 2026, HSL’s total revenue was ₹ 9.6 billion. Profit after tax for the quarter ended September 30, 2026 was ₹ 2.7 billion, as against ₹ 2.1 billion for the quarter ended September 30, 2025, a growth of 26.1%. Profit after tax for the half year ended September 30, 2026 was ₹ 5.6 billion.
CONSOLIDATED FINANCIAL RESULTS AS PER INDIAN GAAP:
The Bank’s consolidated net revenue was ₹ 786.9 billion for the quarter ended September 30, 2026. The consolidated profit after tax for the quarter ended September 30, 2026 was ₹ 207.0 billion. The consolidated profit after tax for the half year ended September 30, 2026 was ₹ 399.4 billion.
