Home / Business and Economy / HDFC Bank's Q2 Profits Surge 10.8% as Deposits and Advances Climb
HDFC Bank's Q2 Profits Surge 10.8% as Deposits and Advances Climb
18 Oct
Summary
- HDFC Bank's Q2 FY26 net profit rises 10.8% to ₹18,641.28 crore
- Net interest income grows 4.8% to ₹31,550 crore
- Bank sees healthy growth in deposits and advances
HDFC Bank, India's largest private lender, has reported a strong performance in the second quarter of the fiscal year 2026. The bank's standalone net profit grew by 10.8% year-on-year, reaching ₹18,641.28 crore, up from ₹16,820.97 crore in the same period last year.
The bank's net interest income (NII) also witnessed a 4.8% year-on-year increase, rising to ₹31,550 crore from ₹30,110 crore in the second quarter of FY25. This indicates that the bank's asset repricing outpaced deposit repricing, with the core net interest margin standing at 3.27% on total assets.
HDFC Bank's net revenue increased by 10.3% year-on-year to ₹45,900 crore for the quarter ended September 30, 2025, compared to ₹41,600 crore in the same period last year. The bank also posted healthy growth in deposits and advances, with average deposits rising 15.1% year-on-year to ₹27.10 lakh crore, and average CASA deposits climbing 8.5% to ₹8.77 lakh crore.
The bank's asset quality also improved, with the gross non-performing assets (GNPA) ratio declining to 1.24% of gross advances as of September 30, 2025, compared to 1.40% in the previous quarter and 1.36% a year earlier. Excluding NPAs from the agricultural segment, the GNPA ratio stood at 0.99%, down from 1.14% in June 2025 and 1.19% in September 2024.
