HDFC Bank Q4 Profit Up 9.1% to 19,221 Crore Rupees

HDFC Bank, India's largest private sector lender, reported a 9.1 percent year-on-year increase in standalone net profit for the fourth quarter of fiscal year 2026, reaching 19,221 crore rupees as of March 31. The Mumbai-based bank announced the results on April 18, highlighting robust deposit growth and improved asset quality amid a rebound in credit expansion.

The bank's net interest income rose 3.2 percent to 33,082 crore rupees in the January-March period, compared with 32,006 crore rupees a year earlier. Total income edged up slightly to 89,809 crore rupees from 89,488 crore rupees in the prior year's quarter, while total expenditure fell to 62,006 crore rupees from 62,951 crore rupees. Operating profit climbed 4.8 percent to 27,802 crore rupees. On a consolidated basis, net profit grew 8 percent to 20,351 crore rupees from 18,835 crore rupees in the year-ago period.

Provisions for the quarter decreased 18 percent to 2,609 crore rupees from 3,193 crore rupees, reflecting lower credit costs and enhanced financial stability. Asset quality metrics strengthened, with the gross nonperforming assets ratio improving to 1.15 percent of gross advances from 1.33 percent a year earlier...