Investment News · 19 October 2026 · 2 min read
In short: HDFC Bank reported a standalone net profit of ₹19,510 crore for July to September 2026, up 4.7% from a year ago. Net interest income rose 9.7% to ₹34,619 crore. It was the last quarter under CEO Sashidhar Jagdishan; Anup Bagchi takes over on 27 October 2026.
Why profit grew slowly
Treasury trading gains fell to about ₹780 crore from ₹2,390 crore a year earlier, which pulled other income down 3.6% to ₹13,830 crore. Fees and commissions still grew, to ₹9,690 crore from ₹8,840 crore. Consolidated profit, which includes subsidiaries like HDB Financial Services and HDFC Life, rose 5.6% to ₹20,700 crore.
Key numbers
| Jul–Sep 2026 | Change | |
|---|---|---|
| Net profit (standalone) | ₹19,510 crore | +4.7% |
| Net interest income | ₹34,619 crore | +9.7% |
| Deposits | ₹33.2 lakh crore | +18.8% |
| Advances | ₹33.2 lakh crore | +16.2% |
| Gross NPA | 1.11% | from 1.24% a year ago |
| Net interest margin | 3.32% (on earning assets) |
What to watch
- Jagdishan said margins “should turn upwards from the next quarter onwards”.
- Small and mid-sized business loans grew fastest, at 23.5%, while retail loans grew 11.7%.
- Deputy MD Kaizad Bharucha will leave the bank at the end of December 2026.
- The shares fell about 2% in early trade on Monday and are down about 28% this year, more than the Nifty 50.
Sources
- Business Standard: HDFC Bank Q2 FY27 result (17 October 2026)
- Kotak Neo: HDFC Bank Q2 FY27 results and asset quality
This is a news summary for education, not investment advice. Figures are as reported by the banks and media on 17 October 2026; check the banks’ official filings before making decisions.