HDFC Bank Q3 net rises 11.5% to ₹18,654 crore

HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit  for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.

The bank’s Chief Financial Officer (CFO) Srinivasan Vaidyanathan told over a conference call that the bank would do better in the next financial year.

Net interest income (interest earned less interest expended) for the quarter ended December 31, 2025 grew by 6.4% to ₹32,615 crore from ₹30,653 crore a year ago.

Core net interest margin was at 3.35% on total assets, and 3.51% based on interest earning assets.

Provisions and contingencies for the quarter ended December 31, 2025 were ₹2,838 crore as compared with ₹3,154 crore a year ago. 

The bank said it’s Gross Non-Performing Assets (GNPA) reduced to ₹35,179 crore from ₹36,019 crore a year ago.

The GNPAs were at 1.24% of gross advances as on December 31, 2025 (0.97% excluding NPAs in the agricultural segment), as against 1.24% as on September 30, 2025 (0.99% excluding NPAs in the agricultural segment), and 1.42% as on December 31, 2024 (1.19% excluding NPAs in the agricultural segment). 

The Net Non-Performing Assets ( NNPA) however grew to ₹11,982 crore from ₹11,588 crore a year ago.

The NNPAs were at 0.42% of net advances as on December 31, 2025.

The bank’s average deposits were about ₹27,52400 crore for the December 2025 quarter, a growth of 12.2% YoY.

The bank’s average advances under management, grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were about ₹ 28,64,100 crore for the December 2025 quarter, a growth of 9.0% over about ₹26,27,600 crore for the December 2024 quarter, and a growth of 2.5% over about ₹27,94600 crore for the September 2025 quarter.

Gross advances were at ₹ 28,44,600 crore as of December 31, 2025, an increase of 11.9% over December 31, 2024. Advances under management grew by 9.8% over December 31, 2024. 

Retail loans grew by 6.9%, small and mid-market enterprises loans grew by 17.2% and corporate and other wholesale loans grew by 10.3%. Overseas advances constituted 1.7% of total advances, the bank said. 

The bank’s consolidated profit after tax for the quarter was ₹ 19,807 crore a growth of 12.2% YoY.

ED Bhavesh Zaveri to retire 

The bank in a filing said that Bhavesh Zaveri, Executive Director of the bank would retire 

on April 18, 2026 after a three years tenure as he has requested for not seeking re-appointment. 

“He seeks to explore opportunities outside the banking sector, including in the group companies, if possible. Accordingly, he will retire as an Executive Director of the Bank with effect from the close of business hours on April 18, 2026,” the bank said.