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HDFC Bank Q2 Results: Net Profit Rises to Rs 19510 Crore, NII Up by 9.7 Percent
M
Moneycontrol•17-10-2026, 14:29
HDFC Bank Q2 Results: Net Profit Rises to Rs 19510 Crore, NII Up by 9.7 Percent
- •HDFC Bank reported a 4.7% increase in net profit to Rs 19,510 crore for the September quarter compared to the previous year.
- •Net Interest Income (NII) grew by 9.7% year-on-year to reach Rs 34,620 crore.
- •Asset quality improved as the gross NPA ratio declined to 1.11% and the net NPA ratio dropped to 0.37%.
- •Total deposits surged by 18.8% year-on-year to stand at Rs 33.27 lakh crore by the end of September.
- •Anoop Bagchi is set to take over as the new Managing Director and CEO after Sashidhar Jagdishan's tenure ends on October 26.
Key Questions Answered
HDFC Bank reported a 4.7% year-on-year increase in net profit, reaching ₹19,510 crore for the September quarter. Additionally, the bank's net interest income (NII) grew by 9.7% to stand at ₹34,620 crore.
HDFC Bank saw improvements in its bad loan statistics during the September quarter. The gross NPA ratio decreased from 1.17% in the June quarter to 1.11%, while the net NPA ratio dropped from 0.41% to 0.37%.
Anoop Bagchi has been appointed as the new Managing Director and CEO of HDFC Bank, taking over the responsibility after Sashidhar Jagdishan's tenure ends on October 26.
