HDFC Bank reported a 4.7% year-on-year increase in standalone net profit for the quarter ended September 30, 2026, according to a Reuters report published on October 17. Profit reached ₹19,510 crore, narrowly below the analyst estimate cited in the report. Loan and deposit growth remained strong, while weaker treasury income and higher provisions weighed on the quarter.
Key financial highlights
The bank’s net interest income rose 9.7% year-on-year to ₹34,619 crore. Total loans increased 16.3%, while deposits grew 18.8%. The gross non-performing asset ratio improved to 1.11% at the end of September, compared with 1.17% at the end of June. Provisions for potential bad loans and other contingencies rose 2.1% to ₹3,574 crore.
Treasury trading gains were significantly lower than a year earlier, and other income also declined. These factors help explain why profit growth was more modest despite the expansion in loans and deposits. Investors should review the bank’s official filing and presentation for the complete numbers and management commentary.
Leadership update
Reuters also reported that Deputy Managing Director Kaizad Bharucha plans to step down at the end of December. Anup Bagchi is due to take over as managing director and chief executive on October 27 for a three-year term. Leadership transitions can attract investor attention, but their long-term effect depends on execution, governance and financial performance.
This article is for general information and is not investment advice. Investors should compare reported results with official filings and consider their own financial circumstances before making decisions.
Source: Reuters, October 17, 2026.
