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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 19 Oct 2026, 03:30 pm
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Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed lower.
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The session opened materially above the previous close, indicating a sharp repricing at the open.
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Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹118,561 crore | PEAK₹13,311 crore | ₹129,359 crore |
| Interest Earned | ₹86,994 crore | ₹90,575 crore | PEAK₹95,132 crore |
| Interest Expended | ₹46,741 crore | ₹47,626 crore | PEAK₹50,667 crore |
| Other Income | ₹31,567 crore | PEAK₹42,535 crore | ₹34,227 crore |
| Profit Loss After Taxes Minority Interest And Share Of Profit Loss Of Associates | ₹19,611 crore | ₹19,245 crore | PEAK₹207 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹25,906 crore | ₹27,193 crore | PEAK₹27,825 crore |
| Tax Expense | ₹6,295 crore | ₹681 crore | PEAK₹7,125 crore |
HDFC Bank reported consolidated profit after tax of ₹20,700 crore for the quarter ended 30 September 2026, up 5.6% year on year and 1.6% from Q1 FY2026-27. Basic EPS was ₹13.43, up 5.1% year on year, as higher interest income and pre-provision operating profit supported earnings despite a sequential decline in other income.
Operating profit before provisions and contingencies rose 6.1% quarter on quarter to ₹32,872 crore and 6.2% year on year. Operating expenses declined 15.9% sequentially to ₹45,820 crore, while employee costs increased 4.6% to ₹9,774 crore. The higher pre-provision profit provided a stronger operating base for absorbing provisions.
At 30 September 2026, advances stood at ₹33,16,058 crore, up from ₹28,53,903 crore at 30 September 2025. Deposits were ₹33,24,146 crore, compared with ₹27,98,170 crore a year earlier. Reserves and surplus increased to ₹6,01,927 crore from ₹5,37,608 crore over the same dates.
Year-on-year earnings growth was supported by higher interest income and pre-provision profit, while sequentially lower other income and increased provisions tempered the improvement. Advances and deposits were both materially higher than a year earlier, alongside growth in reserves and surplus.
Disclosed bulk and block transactions involving HDFC Bank, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for HDFC Bank.
HDFC Bank Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting
HDFC Bank Limited reported that it made no fresh issuance of Non-convertible Debentures during the quarter ended September 30, 2026. Accordingly, issue-proceeds utilization and deviation/variation reporting under Regulations 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was not applicable.
HDFC Bank Limited submitted an intimation to the NSE and BSE on October 17, 2026, regarding the utilization of issue proceeds for the quarter ended September 30, 2026. The filing states that no fresh issuance of Non-convertible Debentures occurred during this period; consequently, the Statement of Utilization of Issue Proceeds and the Statement of Material Deviation/Variation under Regulation 52(7) and 52(7A) of SEBI (LODR) Regulations, 2015, are not applicable. No deviations or variations in fund usage were reported.
HDFC Bank Limited notified the BSE and NSE on October 17, 2026, that Regulation 54(2) and 54(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Security Cover Certificates are not applicable to the Bank because it has not issued any Secured Non-Convertible Securities.
HDFC Bank Limited made the presentation for its October 17, 2026 earnings call available on its website. The call was scheduled for 16:00 hours IST and concerned the Bank’s unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The filing announces presentation availability; it does not provide the results themselves.
HDFC Bank’s Board approved, on October 17, 2026, the re-appointment of Lily Vadera (DIN: 09400410) as an Independent Director for three years from November 26, 2026 to November 25, 2029, subject to shareholder approval. Deputy Managing Director Kaizad Bharucha (DIN: 02490648) requested cessation from the Bank’s service effective close of business on December 31, 2026. The GNRC and Board accepted his request to be forwarded to the RBI for approval; the GNRC considered it on October 16, 2026, and the Board on October 17, 2026.
HDFC Bank Limited informed the NSE on 2026-10-17 that its Board of Directors, meeting from 11:00 to 15:50 on the same date, approved the re-appointment of Mrs. Lily Vadera as a Non-Executive Independent Director. The appointment carries a term of 36 months and is effective from 2026-11-26.
Integrated Filing- Financials|Original|
Recent market and company developments associated with HDFC Bank.
Brokerages remain optimistic about ICICI Bank's strong earnings and asset quality after the recent quarter. However, HDFC Bank's profit growth was modest, and margins are under pressure, leading to a more cautious outlook. Despite this, both banks have attractive valuations and positive earnings recovery prospects. On Monday, both stocks experienced declines, along with broader market indices. Analysts highlight potential upsides for both banks based on target prices.
Indias equity indices fell over 1% on Monday, snapping a two-day winning streak, as investor sentiment mirrored the uncertainty prevailing across the rest of Asia. Large private sector banks led the decline after their September-quarter earnings failed to enthuse investors.
Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week's losses amid simmering concerns over excessive investments in artificial intelligence (AI). Taiwan fell 0.6%, while Indonesia tumbled 3.6% following a warning from index provider MSCI that it would downgrade the country from the emerging market basket.
In the second quarter, leading private sector banks in India reported a drop in net interest margins. This decline was primarily caused by the costs associated with foreign currency non-resident deposits. Analysts noted that the leveraged nature of these deposits significantly impacted profitability. Additionally, banks faced pressure from faster repricing of assets as interest rates declined.
HDFC Bank has made significant strides in integrating its merger with HDFC Ltd after its completion in July. The bank's incoming CEO, Anup Bagchi, emphasized the importance of maintaining strong credit quality during varying economic cycles. Bagchi also acknowledged the contributions of Deputy Managing Director Kaizad Bharucha and the wider team. The bank plans to further improve its branch network and technology capabilities in the future.
Anup Bagchi is set to take charge as MD and CEO of HDFC Bank starting October 27. He is currently familiarizing himself with the bank's balance sheet and profitability structure. Bagchi aims to engage with regulators, customers, and stakeholders to gather insights before implementing changes. His focus is on understanding the organization's operations rather than rushing into strategic alterations.
Indian stocks fell sharply on Monday, with the Nifty 50 down 1.11% and Sensex down 1.17%, as disappointing private-bank earnings, weak global cues and profit-taking in IT shares weighed on sentiment. BSE-listed companies lost ₹3.6 lakh crore in market value.
Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders.
Comprehensive Section Breakdown for HDFC Bank
Strategic Vision: Indian financial services offering retail, corporate, and wealth management.
• Integrated financial services model
• Branch network as a distribution platform for group services
• Unified customer-facing interface for banking and housing finance
Interest earned rose 5.0% quarter on quarter to ₹95,132 crore and 9.4% year on year. Interest expended increased 6.4% from Q1 to ₹50,667 crore. Other income fell 19.5% sequentially to ₹34,227 crore, although it remained 8.4% above Q2 FY2025-26. Total income was ₹1,29,359 crore, down 2.8% from the preceding quarter but up 9.1% year on year.
Revenue on investments increased 6.5% sequentially to ₹22,101 crore. Interest on advances was ₹70,050 crore in Q2.
Provisions and contingencies increased 10.7% from Q1 FY2026-27 to ₹4,209 crore, but were 1.7% lower than in Q2 FY2025-26. Profit before tax rose 2.3% sequentially to ₹27,825 crore. Tax expense increased 4.6% to ₹7,125 crore, and profit after tax reached ₹20,700 crore, up 1.6% quarter on quarter and 5.6% year on year.
Basic EPS of ₹13.43 was 7.4% higher than in Q1 and 5.1% above Q2 FY2025-26. The quarter also included an exceptional charge of ₹837 crore.
Category: Financial Services
Manages depository accounts, vehicle loans, personal loans, credit card processing, and wealth management advisory services.
Category: Financial Services
Provides working capital facilities, term loans, trade finance, cash management solutions, and transaction banking services to corporate entities and public sector undertakings.
Category: Financial Services
Provides customized lending programs, agricultural credit, and rural banking solutions to support agricultural supply chains and semi-urban businesses.
Category: Financial Services
Offers life insurance, asset management, and general insurance products through its subsidiaries.
Key Products & Services: HDFC Life Insurance Company Limited • HDFC Asset Management Company Limited • HDFC ERGO General Insurance Company Limited
Core Thesis: The bank integrates retail liabilities, wholesale lending, and specialized group subsidiaries to create a unified customer offering and funding model.
• Mortgage & Retail Loan Integration: The bank operates an in-house mortgage division and retail credit lines, aligning housing finance with core banking services under a unified customer interface. • Cross-Selling & Depository Relationship Sourcing: Home loan and retail asset customers are cross-marketed with other banking products, and long-term retail assets support deposit collection to fund general lending. • Integrated Subsidiary Distribution: The bank's branch network distributes group financial services like insurance and mutual funds directly to depository customers. • Treasury & Liquidity Management: Retail deposits fund corporate and commercial loan portfolios, with the treasury division managing liquidity, foreign exchange, and reserve requirements.