HDFC Bank Q3 FY26 Results: Net Profit Rises 11.5% to ₹18,650 Crore, Asset Quality Stable
The bank’s core average assets under management rose by 9% to ₹28.6 lakh crore, compared with ₹26.2 lakh crore in the same period last year. Driven by strong interest income, the bank’s net profit increased by 11.6% to ₹18,650 crore.
For the quarter, HDFC Bank’s net interest income (NII) grew by 6.4% to ₹32,620 crore, up from ₹30,650 crore in the corresponding period last year. The net interest margin (NIM) stood at 3.35% on core assets and 3.51% on interest-earning assets.
Profit after tax rose by 11.5% year-on-year to ₹18,650 crore.
During the December 2025 quarter, HDFC Bank’s average deposits were ₹27.5 lakh crore, marking a growth of around 12.2% from ₹24.5 lakh crore in Q3 FY25.
The bank’s average CASA deposits stood at ₹8.9 lakh crore, up nearly 9.9% from ₹8.1 lakh crore in the same quarter last year.
Meanwhile, average time deposits increased by about 13.4% year-on-year to ₹18.5 lakh crore, compared with ₹16.3 lakh crore in the previous year.
As of December 31, 2025, the bank’s period-end deposits were approximately ₹28.5 lakh crore, reflecting an 11.5% increase from ₹25.6 lakh crore in Q3 FY25. Period-end CASA deposits stood at around ₹9.6 lakh crore, up 10.1% from ₹8.7 lakh crore a year earlier.
The bank’s gross advances grew 11.9% year-on-year to ₹28.4 lakh crore, driven mainly by 9.6% growth in retail loans, 17.2% growth in MSME loans, and 10.3% growth in wholesale or corporate loans.
On the asset quality front, the bank’s gross non-performing assets (GNPA) remained unchanged at around 1.24% compared with the previous quarter.
In 2025, HDFC Bank underperformed its benchmark, the NIFTY Bank Index, delivering returns of around 14%, compared with the index’s 18% gain.
HDFC Bank is one of India’s leading banks, offering a wide range of financial products and services through multiple distribution channels, including an extensive nationwide network of branches, ATMs, phone banking, net banking, and mobile banking.
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