HDFC Bank's standalone profit rises 4.7% to ₹19,510 crore in July-September

HDFC Bank reported a standalone net profit of ₹19,510 crore for the quarter ended September 30, 2026, up 4.7% from ₹18,641 crore a year earlier, according to its results announced on Saturday, October 17. Figures below are for the July-September quarter (Q2 of the 2026-27 fiscal year) and compare with the same quarter of 2025 unless stated.

The results

The Hindu reports that consolidated net profit was ₹20,700 crore, up 5.55% from ₹19,611 crore, and that the bank said profit after tax excluding treasury performance grew 12.6%. Outlets round the standalone growth differently: The Hindu BusinessLine and Mint say about 5%. A Telangana Today report based on IANS and NDTV Profit gives the figure as ₹19,610 crore, up 5.2%, which differs from the ₹19,510 crore in the bank's filing as reported by The Hindu, BusinessLine and Mint. Mint reports that standalone profit rose 2.83% from ₹19,069.72 crore in the June quarter.

Net interest income rose about 10% to ₹34,619 crore from ₹31,551.50 crore, according to BusinessLine. Telangana Today reports that this was below analysts' estimate of ₹34,991.51 crore, and that net interest margin was 3.16% on total assets. BusinessLine reports that other income fell 4% to ₹13,831 crore from ₹14,350 crore. Mint reports that treasury gains were ₹780 crore, down from ₹2,390 crore. Provisions were ₹3,574 crore, up about 2% from ₹3,501 crore.

Asset quality, loans and deposits

The gross non-performing asset ratio improved to 1.11% of gross advances from 1.24% a year earlier, and the net ratio to 0.37% from 0.42%, according to BusinessLine and Telangana Today. Mint puts the gross ratio at 1.17% in the preceding quarter. Deposits rose about 19% to ₹33.27 lakh crore, BusinessLine reports. Mint and Telangana Today report gross advances up 16.3% to about ₹32.20 lakh crore, while BusinessLine gives advances of ₹31.96 lakh crore, up 16%. The Hindu reports that the capital adequacy ratio was 18.9% on September 30, against 20% a year earlier.

Leadership change

Anup Bagchi, formerly chief of ICICI Prudential Life Insurance, takes over as managing director and chief executive for three years from October 27, 2026, BusinessLine reports. Mint says the quarter is expected to be the last under Sashidhar Jagdishan, whose term ends on October 26.

In a filing on Saturday, the bank said Deputy Managing Director Kaizad Bharucha asked to step down from the close of business on December 31, 2026. The Indian Express and BusinessLine report that its nomination committee and board accepted the request at meetings on October 16 and 17, and that it will be sent to the Reserve Bank of India for approval. Both report that Bharucha had been among the contenders for the chief executive post. The Indian Express adds that the board also approved the reappointment of Lily Vadera as an independent director for three years from November 26, 2026, subject to shareholder approval.