HDFC Bank Q2 Net Profit Rises 4.7% to Rs 195.10 Billion as NII Grows 9.7% and Gross NPA Falls to 1.11%
MUMBAI — HDFC Bank (NYSE: HDB), India's largest private-sector lender, reported results for the second quarter of fiscal 2027, ended September 30, 2026, on October 17, with the board approving the results the same day. Standalone net profit was Rs 195.10 billion (about $2.05 billion), up 4.7% from Rs 186.41 billion a year earlier, while consolidated net profit reached Rs 207.00 billion.
Net interest income rose 9.7% to Rs 346.19 billion, and gross advances grew 16.3% year over year. Other income fell 3.6% to Rs 138.31 billion as treasury trading gains slumped to Rs 7.8 billion from Rs 23.9 billion a year earlier, partly offset by fees and commissions rising to Rs 96.9 billion. Provisions for bad loans and other contingencies rose 2.1% to Rs 35.74 billion.
Asset quality improved: the gross non-performing asset ratio was 1.11% at the end of September, compared with 1.17% at the end of June and 1.24% a year earlier, and the net NPA ratio was 0.37%. Total deposits grew 18.8% year over year to Rs 33.27 trillion, and the credit-to-deposit ratio stood at 96.0%. The bank also faces a leadership change: Anup Bagchi, a veteran of the ICICI group, takes over as managing director and CEO for three years from October 27, becoming HDFC Bank's first external chief executive.
Published by GSM · USA (original Chinese edition)
Photo: HDFC 银行资料图（Wikimedia Commons） / HDFC Bank image (Wikimedia Commons)
