HDFC Bank Q3FY26 net profit jumps 11.5% to ₹18,650 crore; asset quality unchanged QoQ

HDFC Bank’s net interest income for the quarter jumped 6.4% YoY to ₹32,620 crore as against ₹30,650 crore in the same period last year. The net interest margin on core assets stood at 3.35% and 3.51% on the interest-earning assets.

The profit after tax jumped 11.5% YoY to ₹18,650 crore as compared to ₹18,650 crore.

HDFC Bank’s average deposits were ₹27.5 lakh crore for the December 2025 quarter, a growth of around 12.2% over ₹24.5 lakh crore for the Q3FY25.

The Bank’s average CASA deposits were ₹8.9 lakh crore for the December 2025 quarter, a growth of around 9.9% over ₹8.1 lakh crore for the previous year's same quarter.

The Bank’s average time deposits were ₹18.5 lakh crore for the December 2025 quarter, a growth of around 13.4% over ₹16.3 lakh crore for the same period last year.

The Bank’s period-end deposits were around ₹28.5 lakh crore as of December 31, 2025, a growth of around 11.5% over ₹25.6 lakh crore as Q3FY25. The Bank’s period-end CASA deposits were around ₹9,.6 lakh crore as of December 31, 2025, a growth of around 10.1% over ₹8.7 lakh crore as of Q3FY25.

Gross advances for the bank jumped 11.9% YoY to ₹28.4 lakh crore, which was primarily led by retail loans at 9.6% YoY, MSME at 17.2% YoY and wholesale or corporate loans at 10.3% YoY.

In terms of asset quality, the GNPA for the bank largely remained unchanged for the quarter at 1.24% sequentially.

HDFC Bank has largely underperformed its benchmark NIFTY Bank index in 2025, with nearly 14% returns vs 18% by the index.

HDFC Bank is one of India’s premier banks, providing a wide range of financial products and services using multiple distribution channels, including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.