HDFC Bank Q2 results show standalone net profit rising 4.7% from a year earlier to about ₹19,510 crore for the July–September 2026 quarter. The bank’s board approved the results on Saturday, October 17, 2026. Deposits grew faster than loans, and asset quality improved. Lower treasury gains held back headline profit growth, while core interest income increased.
Key points
- Standalone profit after tax was ₹19,509.96 crore, up 4.7%; excluding treasury trading gains, the bank says profit grew about 12.6%.
- Net interest income rose 9.7% to about ₹34,620 crore, while deposits grew 18.8% and gross advances 16.3%.
- The gross NPA ratio improved to 1.11% of gross advances, and the capital adequacy ratio was 18.9%.
The numbers in the results
According to the results filed by the bank, net interest income, which is the difference between interest earned on loans and interest paid on deposits, rose to ₹346.2 billion (about ₹34,620 crore) from ₹315.5 billion a year earlier. Treasury trading gains fell to ₹7.8 billion (about ₹780 crore) from ₹23.9 billion a year earlier. This is the main reason reported profit grew far less than profit excluding those gains. Provisions and contingencies were ₹3,573.62 crore, and the bank put its total credit cost ratio at 0.44%.
On a consolidated basis, which includes subsidiaries such as HDB Financial Services, profit after tax was ₹20,700.03 crore for the quarter. Moneycontrol reported that the standalone profit was broadly in line with a CNBC-TV18 poll estimate of ₹19,567 crore.
Deposits, loans and asset quality
Deposits stood at about ₹33.27 lakh crore on September 30, 2026, up 18.8% from a year earlier. Gross advances were about ₹32.20 lakh crore, up 16.3%. Because deposits are now growing faster than loans, the bank has more room to fund future lending from deposits.
The gross non-performing asset (NPA) ratio was 1.11% of gross advances, compared with 1.17% on June 30, 2026 and 1.24% a year earlier. Net NPAs, which are bad loans after provisions, were 0.37% of net advances. Non-performing assets are generally loans on which repayments are more than 90 days overdue. The total capital adequacy ratio was 18.9%, well above the regulatory requirement of 11.9%. The bank had 9,706 branches and 20,881 ATMs at the end of the quarter.
What has not been confirmed
The quarterly filing does not announce a new dividend. It does not give a full-year profit or loan-growth forecast, and these figures alone say nothing about future interest rates on loans or deposits. Share-price moves after the results depend on wider market conditions and are not covered here. Investors should check live prices and any later company announcements on the NSE and BSE websites. Analyst views reported by the media are estimates, not company guidance.
Why it matters
HDFC Bank is India’s largest private-sector lender, so its results are closely watched by depositors, borrowers and the many retail investors who own its shares directly or through mutual funds. The quarter shows a familiar pattern: core lending income is growing, but one-off treasury gains were smaller than last year. Investors who want the full details should read the press release and earnings presentation on the bank’s investor relations page rather than social-media summaries.
For the results of the bank’s lending subsidiary, read our report on HDB Financial’s Q2 profit.
Sources
- HDFC Bank results filing, Form 6-K Exhibit 99 (SEC), October 17, 2026
- HDFC Bank press release: results for quarter and half year ended September 30, 2026
- HDFC Bank investor relations: quarterly financial results
- Moneycontrol via TradingView: HDFC Bank Q2 profit broadly meets estimates
Reported October 20, 2026 (India Standard Time), using AI-assisted drafting and source checks. Original AI-assisted editorial illustration by Taaza Khabar, generated October 20, 2026; conceptual scene, not a photograph of the event.
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