The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarterand year endedMarch 31, 2026, at its meeting held in Mumbai on Saturday, April 18, 2026. The accounts have been subjected to an audit by the statutory auditors of the Bank.
STANDALONE FINANCIAL RESULTS:
Summary for the Financial Year endedMarch 31, 2026
Net revenues (net interest income plus other income) for the year endedMarch 31, 2026 were ₹ 1,912.2 billion, as against ₹ 1,683.0 billion for the year endedMarch 31, 2025. Profit after tax for the year endedMarch 31, 2026 was ₹ 746.7 billion, up by 10.9% over the corresponding year endedMarch 31, 2025.
Profit & Loss Account: Quarter ended March 31, 2026
The Bank’s net revenue grew by 5.0% to ₹ 462.8 billionfor the quarter ended March 31, 2026from ₹ 440.9 billion for the quarter ended March 31, 2025.
Net interest income (interest earned less interest expended) for the quarter ended March 31, 2026 grew by 3.2% to ₹330.8billion from ₹ 320.7billion for the quarter ended March 31, 2025.Net interest margin was at 3.38% on total assets, and 3.53% based on interest earning assets.
Other income (non-interest revenue) for the quarter ended March 31, 2026 was ₹ 132.0billion.The four components of other income for the quarter ended March 31, 2026 were fees & commissions of ₹ 92.2 billion (₹ 85.3 billion in the corresponding quarter of theprevious year), foreign exchange & derivatives revenue of ₹ 14.9 billion (₹ 14.4billion in the corresponding quarter of the previous year), net trading and mark to marketgain of ₹8.2billion(₹ 3.9 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of ₹ 16.7 billion (₹ 16.7 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended March 31, 2026 were ₹184.8 billion,as against ₹175.6 billion during the corresponding quarter of the previous year.The cost-to-income ratio for the quarterwas at 39.9%.
Provisions and contingencies for the quarter ended March 31, 2026 were ₹ 26.1 billion.The total credit cost ratio was at 0.35%for the quarter ended March 31, 2026.
Profit before tax (PBT) for the quarter ended March 31, 2026 was at ₹ 251.9billion.Profit after tax (PAT) for the quarter was at ₹ 192.2 billion, a growth of 9.1% over the quarter ended March 31, 2025.
Balance Sheet: As of March 31, 2026
Total balance sheet size as of March 31, 2026was ₹43,649billion as against ₹39,102billion as of March 31, 2025.
The Bank’s average deposits were ₹ 28,511 billion for the March 2026 quarter, a growth of 12.8% over ₹ 25,280 billion for the March 2025 quarter, and 3.6% over ₹ 27,524billion for the December2025 quarter.
The Bank’s average CASA deposits were ₹ 9,184 billion for the March 2026 quarter, a growth of 10.8% over ₹ 8,289 billion for the March 2025 quarter, and 2.2% over ₹ 8,984 billion for the December2025 quarter.
Total EOP Deposits were at ₹31,053billionas of March 31, 2026, an increase of 14.4% over March 31, 2025.CASA deposits grew by12.3% with savings account deposits at ₹7,058billion and current account deposits at ₹3,545billion.Time deposits were at ₹20,450billionas of March 31, 2026, an increase of 15.5% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 34.1% of total deposits as of March 31, 2026.
The Bank’s average advances under management, grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were ₹ 29,644 billion for the March 2026 quarter, a growth of 10.0% over ₹ 26,955 billion for the March 2025 quarter, and a growth of 3.5% over ₹ 28,641 billion for the December2025 quarter.
Gross advances were at ₹ 29,600billionas of March 31, 2026, an increase of 12.0%over March 31, 2025. Advances under management grew by 10.2% over March 31, 2025. Retail loans grew by6.5%, small and mid-market enterprises loans grew by 17.2% and corporate and other wholesale loans grew by 13.0%.Overseas advances constituted 1.6% of total advances.