HDFC Bank Reports 9% Profit Growth to ₹19,221 Crore in Q4FY26
HDFC Bank Q4FY26 results: Profit up 9% to Rs 19,221 cr on lower provisions
Business Standard
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HDFC Bank, India's largest private sector lender, reported a 9% year-on-year increase in net profit to ₹19,221 crore for Q4FY26, driven by lower provisions. The bank's net interest income saw a modest rise of 3.2% to ₹33,080 crore compared to the same quarter last year.
- 01Net profit rose to ₹19,221 crore, up 9% year-on-year.
- 02Net interest income increased by 3.2% to ₹33,080 crore.
- 03Provisions decreased by 18% year-on-year to ₹2,609.57 crore.
- 04Gross NPAs improved to 1.15% as of March 31, 2026.
- 05The bank plans to raise ₹60,000 crore in bonds over the next year.
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HDFC Bank, based in Mumbai, India, reported a 9% increase in net profit for the January-March quarter of FY26, reaching ₹19,221 crore. This growth was supported by a significant reduction in provisions, which fell by 18% to ₹2,609.57 crore. The bank's net interest income (NII) saw a modest rise of 3.2%, totaling ₹33,080 crore, while other income rose 9.7% to ₹13,200 crore. Notably, the bank's gross non-performing assets (NPAs) improved to 1.15%, reflecting enhanced asset quality. HDFC Bank's average deposits grew by 12.8% year-on-year to ₹28.51 trillion, and it reported a 14.4% increase in total end-of-period deposits, reaching ₹31.05 trillion. Additionally, the bank's board approved a plan to raise ₹60,000 crore through various bonds in the coming year, indicating a robust strategy for future growth.
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The bank's profit growth and improved asset quality may lead to better lending rates for consumers and businesses, potentially lowering EMIs on loans.
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