17 October,2026 05:50 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The country's largest private sector lender HDFC Bank on Saturday reported 4.7 per cent rise in its standalone net profit at Rs 19,509.96 crore for the quarter ended September 30, 2026.
It had reported a standalone net profit of Rs 18,641.28 in the corresponding quarter last year, it said in a regulatory filing.
The bank's total income rose to Rs 97,257.62 crore from Rs 91,040.72 in the year ago period. Total expenditure increased to Rs 67774.20 crore from Rs 63,117.12 crore
Provisions and contingencies rose to Rs 3,573.62 crore from Rs 3500.53 crore in the year-ago period.
The private sector lender's gross non-performing assets (GNPA) ratio improved to 1.11 per cent from 1.17 per cent a quarter ago and 1.24 per cent in the year-ago period. Net NPA ratio too improved to 0.37 from 0.41 per cent on a sequential basis and 0.42 per cent in the year-ago period.
Gross NPAs during the quarter under the review stood at Rs 35,809.70 crore from Rs 34,289.48 crore last year. Net NPAs were at Rs 11,850.86 crore from Rs 11,447.29 crore in the previous year.
"Net interest income (interest earned less interest expended) for the quarter ended September 30 2026 grew by 9.7 per cent to Rs 34,620 crore from Rs 31,550 crore for the quarter ended September 30, 2025. Net interest margin was at 3.16 per cent on total assets, and 3.32 per cent based on interest earning assets," it said.
Net interest income is the difference between interest earned and interest paid, a key metric to understand a bank's financial stability, while net interest margin is a key financial metric to understand a bank's profitability.
HDFC Bank said average deposits were at Rs 31,66,400 billion for the September 2026 quarter, from Rs 27,10,500 crore in the year ago period.
Gross advances were at Rs 32,19500 crore as of September 30, 2026, an increase of 16.3 per cent over September 30, 2025. Advances under management grew by 15.3 per cent over September 30, 2025.
Average advances under management were at Rs 31,87200 crore for the September 2026 quarter, a growth of 14.1 per cent over Rs 27,94600 crore for the September 2025 quarter, it said.
The Bank's average CASA deposits were at Rs 9,71,200 crore for the September 2026 quarter, a growth of 10.7 per cent over Rs 8,77,000 crore for the September 2025 quarter. CASA deposits grew by 10.8 per cent with savings account deposits at Rs 7,16300 crore and current account deposits at Rs 3,35600 crore. The CASA deposits accounted for 31.6 per cent of total deposits.
