HDFC Bank Q2 2026 Results (File Photo)
\n\nHDFC Bank, India's largest private sector lender, reported an improvement in profitability, loan growth and asset quality in the September quarter of FY27, with standalone net profit rising nearly 5 per cent year-on-year. The bank also recorded healthy growth in net interest income and deposits, while its gross non-performing asset ratio declined from both the previous quarter and the year-ago period.
\n\nThe results, announced on Saturday, October 17, come ahead of a leadership transition at the lender. Managing Director and Chief Executive Officer Sashidhar Jagdishan's tenure is scheduled to end on October 26, with Anup Bagchi set to succeed him.
\n\nHDFC Bank posted a standalone net profit of Rs 19,509.96 crore for Q2 FY27, up from Rs 18,641.28 crore in the corresponding quarter last year. On a quarter-on-quarter basis, profit after tax (PAT) increased 2.83 per cent from Rs 19,069.72 crore in Q1 FY27.
\n\nNet interest income (NII), which measures the difference between interest earned on loans and investments and interest paid on deposits and borrowings, grew 9.72 per cent year-on-year to Rs 34,619.18 crore. The lender had reported NII of Rs 31,551.50 crore in Q2 FY26.
\n\nTotal interest earned during the September…
Original source: https://www.timesnownews.com/business-economy
