Udaipur : HDFC Bank, the country’s largest private sector lender on Saturday, October 17, reported a net profit of ₹19,510 crore in the second quarter of current financial year, marking an increase of 5% from ₹18,641 crore in the same period last year.
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HDFC Bank Q2 net interest income
The bank’s net interest income or the difference between interest earned on loans and expended on deposits rose 10% to ₹34,619 crore at the end of the second quarter as against ₹31,551 crore in the year-ago period.
The bank’s net interest margin was at 3.16% on total assets, and 3.32% based on interest earning assets, HDFC Bank said.
HDFC Bank Q2 asset quality
The Mumbai-based lender’s asset quality showed an improvement as its gross non-performing assets (NPA), as a percentage of total advances, came in at 1.11% at the end of September quarter compared with 1.24% in the same period last year.
Its NPAs came in at 0.37%.
In absolute terms, gross NPAs came in at ₹35,810 crore compared with ₹34,289 crore.
Provisions and contingencies for the quarter ended September 30, 2026, were ₹3,570 crore. The total credit cost ratio was at 0.44% for the quarter ended September 30, 2026, the bank said.
HDFC Bank Q2 business updates
HDFC Bank’s gross advances came in at ₹32,19,500 crore at the end of September quarter, an increase of 16.3% over September 30, 2025. Advances under management grew by 15.3%, retail loans rose by 11.7%, small and mid-market enterprises loans advanced 23.5% and corporate and other wholesale loans rose 16.4%, the country’s largest private lender said.
Its overseas advances constituted 3.3% of total advances.
The bank’s average CASA deposits were ₹9,71,200 crore for the September 2026 quarter, a growth of 10.7% over ₹8,77,000 crore for September 2025 quarter, and 1.5% over ₹9,57,000 crore for the June 2026 quarter.
At the end of September quarter, the Bank’s distribution network stood at 9,706 branches and 20,881 ATMs across 4,177 cities compared with 9,545 branches and 21,417 ATMs across 4,156 cities.
50% of the branches are in semi-urban and rural areas. In addition, the Bank has 14,365 business correspondents, which are primarily manned by common service centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026, HDFC Bank said.
