HDFC Bank profit rises 4.7% as treasury gains slump - FINCHANNEL
- On Saturday, October 17, 2026, HDFC Bank reported a 4.7% rise in standalone net profit to 195.10 billion rupees for the quarter ended September 30, 2026, narrowly missing LSEG analyst estimates of 195.26 billion rupees.
- Higher lending income drove performance, as net interest income rose 9.7% to 346.19 billion rupees; treasury trading gains fell to 7.8 billion rupees from 23.9 billion rupees, according to the Financial Express.
- Gross advances grew 16.3% from a year earlier, while deposits increased 18.8%, with small and mid-market enterprise loans expanding 23.5% and retail lending rising 11.7%.
- Provisions and contingencies increased 2.1% from a year earlier, though the gross non-performing asset ratio declined to 1.11% from 1.17% in June; Moneycontrol reported the net interest margin fell to 3.16% from 3.26%.
- These results precede a leadership transition at the Indian lender; Anup Bagchi, managing director and chief executive designate, is due to take over on October 27 for a three-year term, Reuters reported.
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