🇺🇸 SECHDFC BANK LTDDoubao · 实盘不做把握 6/10不做原因:已被定价
北京时间·🕒 发布 19:49:23·⟳ 抓取 19:49:46 +23s·⚡ 决策 10-19 19:52:26 +2m40s·8.2 天前
HDFC Bank Q2 FY27 业绩符合预期（PAT同比+4.7%、NII+9.7%、GNPA改善至1.11%），印度股价已跌2%、ADR盘前跌约4%
业绩大致符合一致预期、无方向性surprise；印度主上市10月19日已跌约2%，美股ADR盘前已下跌约3.95%并放量，gap正在实时完成。做多缺乏正edge；做空缺乏大幅miss/指引下修等强催化(GNPA反而改善、券商多维持正面)，不满足做空红线。
📄 原文HDFC BANK LTD↗ 原文
----- d166042d6k.htm ----- 6-K 1 d166042d6k.htm FORM 6-K Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Wash…
不做 HDFC Bank (NYSE ADR)（HDB.US）
Q2 FY27业绩in-line且无正惊喜，做多无edge；业绩10月17日已在印度首发、10月19日印度股价跌约2%、ADR盘前已gap down约3.95%并放量，同向重定价基本完成；同时无大幅miss/指引下修(GNPA改善、券商多维持正面)，不满足做空强催化红线，多空均无正期望。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
HDFC Bank Q2 FY27 业绩in-line(PAT+4.7%、NII+9.7%、GNPA改善)，印度市场已跌约2%、ADR盘前跟跌约4%，两个市场均已定价，无做多edge也不构成强空催化，故回避。
消息传播链
- 周六董事会11:00开会、13:30批准Q2业绩并向印度交易所及公司网站发布；周六印度休市
- 印度复牌后HDFC Bank股价跌约2%，媒体与Jefferies/Motilal/Bernstein等定性earnings in line、margins tighten，多数维持正面评级
- 向SEC补发6-K及EX-99完整业绩，无新增事实；ADR盘前同步下跌约3.95%
关键理由
- Standalone PAT ₹195.1bn(+4.7% YoY)、NII +9.7%、GNPA改善至1.11%，属稳健但无惊喜的in-line财报
- 美股盘前HDB已跌至约$22.90(-3.95%)且放量，叠加印度-2%，同向重定价基本完成
主要风险
- NIM仅3.16%、margins tighten且存在执行风险，若美股开盘继续大幅杀估值，盘前点位不代表最终定价
- 媒体提及leadership变动但未获一手证实，若确有CEO/核心管理层变更可能放大波动
反向证据
- 做空前查反向 · 来源 web · 日期 2026-10-19 · 影响 invalidates
未发现指引大幅下修或盈利预警；GNPA同比/环比双改善、Net NPA 0.37%、信贷成本仅0.44%，券商多维持正面，缺乏强空催化
检索:HDFC Bank Q2 FY27 下修指引 NIM 恶化 不良 利空 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-10-19 · 影响 invalidates
无正surprise：PAT仅+4.7%、NIM收窄至3.16%、印度股价跌2%、ADR盘前跌约4%，无超额收益空间
检索:HDFC Bank Q2 beat surprise NIM expansion upgrade 原文 ↗
先例如何影响了这次决策
对本次决策的影响:因结论为AVOID且行情已price-in，先例不改变标的与方向；不编造历史先例
方向:无干净锚定的对齐先例可量化；本轮媒体对当期反应(印度-2%、ADR盘前-4%)已直接给出方向——in-line财报被温和下调，而非趋势性利空
涨幅量级:未取得可核验首发时刻的HDFC Bank历史季度财报先例面板，不用记忆数字定tp/sl
形态:当期两个市场均为小幅下跌而非崩盘，符合大型银行in-line财报低弹性特征，不支持追多也不支持追空
工具执行结果 · 成功 3 · 降级 0 · 失败 1 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 14 ms
{"result": "search_processed_events:agent query=`hdfc bank q2 fy27 earnings asset quality gnpa | hdfc bank q2 september 2026 quarterly results pat nii | hdfcbank 二季度财报 2026年9月 quarter results 6-k`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整)，返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选，不能据此证明消息首发或不是重复； - web_search 成功 doubao_search · 1,719 ms
豆包搜索结果（原始查询:HDFC Bank Q2 September 2026 results PAT NII analyst estimate beat reaction shares；API SearchType:web） - stock_quote 成功 stock_tools HTTP · 1,939 ms
{ - stock_quote 失败 stock_tools HTTP · 113 ms
行情服务暂不可用；本次无法核验该标的价格和可执行条件。请基于其余证据继续判断并明确标注行情降级；不得仅因工具故障自动给出 AVOID 或 ENTER，也不得编造价位。
原文全文
展开原文 · 56,740 字
----- d166042d6k.htm -----
6-K
1
d166042d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
Report of Foreign Private Issuer
Pursuant to Rule
13a-16
or
15d-16
under the
Securities Exchange Act of 1934
For the month of October, 2026
Commission File Number
001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
HDFC BANK LIMITED
(Registrant)
Date: October 17, 2026
By:
/s/ Ajay Agarwal
Name:
Ajay Agarwal
Title:
Company Secretary
Group Head –
Secretarial & Group Oversight
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General
Instructions for Form
6-K.
Exhibit No. 99
Description
Approval of unaudited standalone and
consolidated financial results of the Bank for the quarter and half-year ended September 30, 2026
October 17, 2026
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub:
Approval of unaudited standalone and consolidated financial results of the Bank for the quarter and
half-year ended September 30, 2026
We wish to inform you that the Board of Directors of the Bank at its meeting held today
i.e. on October 17, 2026, based on the recommendation of the Audit Committee, approved the unaudited standalone and consolidated financial results of the Bank for the quarter and half-year ended September 30, 2026 (“Results”).
The Results along with Limited Review Reports of the Joint Statutory Auditors and Press Release on the said Results are enclosed and being uploaded on the website of the Bank. The said Results will also be published in the newspapers in the
prescribed format.
Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on Saturday, October 17, 2026 and the Results were
approved by the Board at 1.30 p.m. Thereafter, the Board Meeting continued for consideration of other agenda matters.
Further, kindly note that in terms
of the Bank’s Share Dealing Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in Securities of the Bank by its designated persons and their immediate relatives shall open on Tuesday, October 20,
2026.
This is for your information and appropriate dissemination.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Ajay Agarwal
Company Secretary
Group Head –
Secretarial & Group Oversight
----- d166042dex99.htm -----
EX-99
2
d166042dex99.htm
EX-99
EX-99
Exhibit 99
HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfc.bank.in, Tel.:
022-
6652 1000, Fax:
022-
2496 0739
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
SEPTEMBER 30, 2026
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Interest earned (a)+(b)+(c)+(d)
95131.63
90575.33
86993.84
185706.96
174365.71
348615.15
a) Interest / discount on advances / bills
70049.53
66406.51
63309.67
136456.04
127457.58
256192.47
b) Income on investments
22101.42
20753.16
21328.37
42854.58
42145.54
82656.87
c) Interest on balances with Reserve Bank of India and other inter-bank funds
1560.46
1599.37
738.86
3159.83
1565.30
3457.06
d) Others
1420.22
1816.29
1616.94
3236.51
3197.29
6308.75
2
Other income (a)+(b)
34227.06
42535.03
31566.79
76762.09
77249.89
146847.66
a) Premium and other operating income from insurance business
23640.43
18353.92
20510.43
41994.35
36583.80
84160.02
b) Others (Refer note 8)
10586.63
24181.11
11056.36
34767.74
40666.09
62687.64
3
Total income (1)+(2)
129358.69
133110.36
118560.63
262469.05
251615.60
495462.81
4
Interest expended
50667.43
47625.63
46740.86
98293.06
94449.37
185491.23
5
Operating expenses (i)+(ii)+(iii)
45819.72
54488.73
40879.05
100308.45
90062.05
181173.91
i) Employees cost
9774.20
9342.49
9317.56
19116.69
18215.02
37604.81
ii) Claims and benefits paid and other expenses pertaining to insurance business
22518.74
32177.54
18988.69
54696.28
47061.61
92340.22
iii) Other operating expenses
13526.78
12968.70
12572.80
26495.48
24785.42
51228.88
6
Total expenditure (4)+(5) (excluding provisions and contingencies)
96487.15
102114.36
87619.91
198601.51
184511.42
366665.14
7
Operating profit before provisions and contingencies (3)-(6)
32871.54
30996.00
30940.72
63867.54
67104.18
128797.67
8
Provisions (other than tax) and contingencies (Refer note 7)
4209.00
3802.84
4281.83
8011.84
19595.46
26656.22
9
Exceptional items
—
—
—
—
—
—
10
Profit from ordinary activities before tax and minority interest (7)-(8)-(9)
28662.54
27193.16
26658.89
55855.70
47508.72
102141.45
11
Tax expense
7125.45
6810.47
6295.12
13935.92
10054.52
22921.99
12
Net profit from ordinary activities after tax and before minority interest (10)-(11)
21537.09
20382.69
20363.77
41919.78
37454.20
79219.46
13
Extraordinary items (net of tax expense)
—
—
—
—
—
—
14
Net profit for the period before minority interest (12)-(13)
21537.09
20382.69
20363.77
41919.78
37454.20
79219.46
15
Less: Minority interest
837.06
1137.98
753.10
1975.04
1585.62
3193.49
16
Net profit for the period (14)-(15)
20700.03
19244.71
19610.67
39944.74
35868.58
76025.97
17
Paid up equity share capital (Face value of
₹
1/- each)
1541.86
1540.13
1536.37
1541.86
1536.37
1539.34
18
Reserves excluding revaluation reserves
579975.02
19
Analytical Ratios and other disclosures :
(i) Percentage of shares held by Government of India
Nil
Nil
Nil
Nil
Nil
Nil
(ii) Earnings per share (EPS)
(
₹
) (Face value of
₹
1/-
each):
(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized
13.43
12.50
12.78
25.93
23.39
49.50
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized
13.41
12.47
12.71
25.87
23.27
49.28
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Consolidated Segment information in accordance with the RBI guidelines and Accounting Standard 17 -
Segment Reporting of the operating segments of the Group is as under:
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Segment Revenue
a)
Treasury (Refer note 8)
19150.30
18192.38
20609.22
37342.68
46713.43
82158.35
b)
Retail Banking:
79112.16
75888.80
75584.52
155000.96
150775.70
301853.51
(i) Digital Banking*
3.89
3.39
2.62
7.28
5.11
10.37
(ii) Non Digital Banking
79108.27
75885.41
75581.90
154993.68
150770.59
301843.14
c)
Wholesale Banking
52743.87
48670.85
42308.37
101414.72
87098.59
174506.30
d)
Other Banking Operations
9700.20
9044.03
9333.81
18744.23
18027.45
36840.96
e)
Insurance Business**
26820.21
35951.83
22798.91
62772.04
54418.15
108079.83
f)
Others^
5280.86
4974.15
4721.00
10255.01
9135.83
19507.46
g)
Unallocated
—
—
—
—
—
—
Total
192807.60
192722.04
175355.83
385529.64
366169.15
722946.41
Less: Inter Segment Revenue
63448.91
59611.68
56795.20
123060.59
114553.55
227483.60
Income from Operations
129358.69
133110.36
118560.63
262469.05
251615.60
495462.81
2
Segment Results***
a)
Treasury (Refer note 8)
2099.17
2406.59
4212.52
4505.76
14810.25
18963.35
b)
Retail Banking:
10521.59
10131.32
9098.86
20652.91
12480.56
32026.72
(i) Digital Banking*
—
0.07
(0.44
)
0.07
(0.64
)
(1.59
)
(ii) Non Digital Banking
10521.59
10131.25
9099.30
20652.84
12481.20
32028.31
c)
Wholesale Banking
10563.24
10364.04
8922.62
20927.28
12621.01
33947.96
d)
Other Banking Operations
3297.50
2795.81
2790.10
6093.31
4806.86
10415.96
e)
Insurance Business**
2005.59
1750.38
1746.19
3755.97
3391.12
7083.51
f)
Others^
747.15
334.48
489.63
1081.63
581.33
2068.38
g)
Unallocated
(571.70
)
(589.46
)
(601.03
)
(1161.16
)
(1182.41
)
(2364.43
)
Total Profit Before Tax and Minority Interest
28662.54
27193.16
26658.89
55855.70
47508.72
102141.45
3
Segment Assets
a)
Treasury
1106606.06
1086021.85
921265.72
1106606.06
921265.72
1149929.44
b)
Retail Banking:
1672324.39
1618976.54
1528244.81
1672324.39
1528244.81
1580887.11
(i) Digital Banking*
164.11
146.45
108.45
164.11
108.45
138.04
(ii) Non Digital Banking
1672160.28
1618830.09
1528136.36
1672160.28
1528136.36
1580749.07
c)
Wholesale Banking
1660468.54
1559292.84
1421440.84
1660468.54
1421440.84
1499816.13
d)
Other Banking Operations
118719.59
115884.08
111367.06
118719.59
111367.06
112867.13
e)
Insurance Business**
452460.39
441063.92
395094.85
452460.39
395094.85
414400.04
f)
Others^
135621.42
132948.46
116638.18
135621.42
116638.18
128754.48
g)
Unallocated
19641.19
17285.97
20689.94
19641.19
20689.94
21386.51
Total
5165841.58
4971473.66
4514741.40
5165841.58
4514741.40
4908040.84
4
Segment Liabilities***
a)
Treasury
117378.35
78998.60
87053.07
117378.35
87053.07
98273.66
b)
Retail Banking:
2677618.76
2532744.34
2353971.83
2677618.76
2353971.83
2528789.64
(i) Digital Banking*
176.23
156.83
114.76
176.23
114.76
147.09
(ii) Non Digital Banking
2677442.53
2532587.51
2353857.07
2677442.53
2353857.07
2528642.55
c)
Wholesale Banking
1164664.22
1159025.98
996474.90
1164664.22
996474.90
1130276.17
d)
Other Banking Operations
4192.47
4100.45
4046.54
4192.47
4046.54
3997.87
e)
Insurance Business**
432657.14
421651.63
379214.74
432657.14
379214.74
398573.63
f)
Others^
107517.85
106068.47
90582.91
107517.85
90582.91
99037.36
g)
Unallocated
29651.70
39498.81
39053.44
29651.70
39053.44
40648.08
Total
4533680.49
4342088.28
3950397.43
4533680.49
3950397.43
4299596.41
5
Capital, Employees stock options outstanding, Reserves and Minority Interest
632161.09
629385.38
564343.97
632161.09
564343.97
608444.43
6
Total (4)+(5)
5165841.58
4971473.66
4514741.40
5165841.58
4514741.40
4908040.84
*Information about Digital Banking Segment reported as a
sub-segment
of Retail
Banking Segment is related to Digital Banking Units of the Bank.
** Includes the operations of HDFC Life Insurance Company Limited (consolidated)
(“HDFC Life”) and HDFC ERGO General Insurance Company Limited (“HDFC Ergo”).
*** Segment Results and Liabilities for half
year ended September 30, 2025 and year end March 31, 2026 are after considering the impact of floating provisions in the respective segments.
^ Includes the operations of the consolidated entities of the Bank, not covered in any of the above segments.
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks
and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis.
Notes:
1
Consolidated statement of Assets and Liabilities is given below:
(
₹
in crore)
As at
30.09.2026
As at
30.09.2025
As at
31.03.2026
Particulars
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
1541.86
1536.37
1539.34
Employees stock options / units outstanding
5107.81
4183.53
4545.11
Reserves and surplus
601927.19
537607.51
579975.02
Minority interest
23584.23
21016.56
22384.96
Deposits
3324146.36
2798169.83
3099638.29
Borrowings
594143.54
599507.24
588484.55
Other liabilities and provisions
224930.68
209125.38
252977.53
Policyholders’ funds
390459.91
343594.98
358496.04
Total
5165841.58
4514741.40
4908040.84
ASSETS
Cash and balances with Reserve Bank of India
175156.11
133210.73
200707.11
Balances with banks and money at call and short notice
88644.04
43847.14
111218.94
Investments
1356850.48
1250390.77
1280216.29
Advances
3316057.54
2853902.56
3050783.23
Fixed assets
16430.53
15537.75
16491.59
Other assets
212702.88
217852.45
248623.68
Total
5165841.58
4514741.40
4908040.84
2
Consolidated statement of Cashflows is given below:
(
₹
in crore)
Particulars
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Unaudited
Unaudited
Audited
Cash flows from operating activities:
Consolidated profit after tax and minority interest
39944.74
35868.58
76025.97
Add: Provision for income tax
13935.92
10054.52
22921.99
Consolidated profit before income tax and after minority interest
53880.66
45923.10
98947.96
Adjustment for:
Depreciation on fixed assets
2218.68
2061.48
4194.90
(Profit) / loss on revaluation of investments
(3018.64
)
(3440.62
)
7739.96
Amortisation of premium / (discount) on investments
461.62
379.31
986.17
Profit on sale of fixed assets
(89.68
)
(60.52
)
(207.91
)
Profit on sale of investment in subsidiary
—
(6949.27
)
(7000.27
)
Provision / charge for non performing assets
6896.31
6973.56
14445.98
Floating provisions
—
9000.00
9000.00
Provision for standard assets and contingencies
1115.53
3621.90
3210.24
Employee stock options / units expense
1117.47
1128.13
2228.30
62581.95
58637.07
133545.33
Adjustments for:
Increase in investments
(76762.33
)
(59467.24
)
(102572.73
)
Increase in advances
(272277.74
)
(135993.25
)
(340270.74
)
Increase in deposits
224508.07
87271.60
388740.06
Decrease / (Increase) in other assets
32801.08
(5074.33
)
(29678.54
)
(Decrease) / Increase in other liabilities and provisions
(29182.67
)
7937.04
52338.92
Increase in policyholders’ funds
34385.43
23377.42
34060.45
(23946.21
)
(23311.69
)
136162.75
Direct taxes paid (net of refunds)
(10549.26
)
(8740.82
)
(22656.37
)
Net cash flow from / (used in) operating activities
(34495.47
)
(32052.51
)
113506.38
Cash flows from investing activities:
Purchase of fixed assets
(1450.45
)
(1385.60
)
(3889.97
)
Proceeds from sale of fixed assets
129.72
263.00
527.56
Proceeds from sale of investment in subsidiary (net of expenses)
—
9755.00
9806.00
Investment in subsidiaries
—
(80.87
)
(80.87
)
Net cash flow from / (used in) investing activities
(1320.73
)
8551.53
6362.72
(
₹
in crore)
Particulars
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Unaudited
Unaudited
Audited
Cash flows from financing activities:
Increase in minority interest (including issue of ESOPs by subsidiaries)
770.35
698.57
2331.21
Proceeds from issue of share capital
1341.10
3589.34
5108.50
Proceeds from issue of shares through subsidiary IPO (net of issue expenses)
—
2,458.62
2,456.61
Proceeds / (Repayments) of Tier 1 and Tier 2 capital instruments
(10500.39
)
400.00
700.00
Proceeds / (Repayments) of other borrowings (net)
15972.74
(36214.34
)
(48895.19
)
Dividend paid
(20021.05
)
(20705.98
)
(20705.98
)
Net cash flow used in financing activities
(12437.25
)
(49773.79
)
(59004.85
)
Effect of fluctuation in foreign currency translation reserve
127.55
384.74
1113.90
Net increase / (decrease) in cash and cash equivalents
(48125.90
)
(72890.03
)
61978.15
Cash and cash equivalents at the beginning of the year
311926.05
249947.90
249947.90
Cash and cash equivalents at the end of the period
263800.15
177057.87
311926.05
Cash and cash equivalents includes Cash and balances with Reserve Bank of India and Balances with
banks and money at call and short notice.
3
The above financial results represent the consolidated financial results of HDFC Bank Limited and its
subsidiaries including Employee Welfare Trust (‘EWT’) which is consolidated as a subsidiary (together referred to as the “Group” herein). These financial results have been approved by the Board of Directors of the Bank at its
meeting held on October 17, 2026. The financial results for the quarter and half year ended September 30, 2026 have been subjected to a “Limited Review” by the joint statutory auditors of the Bank viz. Batliboi &
Purohit, Chartered Accountants and B S R & Co. LLP, Chartered Accountants.
4
These financial results have been prepared in accordance with the recognition and measurement principles laid
down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“the
RBI”) from time to time, the Insurance Regulatory and Development Authority of India (“IRDAI”) to the extent applicable for insurance entities and other accounting principles generally accepted in India and are in compliance with
the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Regulations”) as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable.
5
The Group has applied significant accounting policies in the preparation of these consolidated financial
results consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2026. Any relevant circular / direction issued by the RBI and other regulator(s) is implemented prospectively when it becomes
applicable, unless specifically required under that circular / direction.
6
During the quarter and half year ended September 30, 2026, the Bank has allotted 1,72,69,856 and
2,52,29,020 equity shares respectively pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.
7
During the half year ended September 30, 2025 and year ended March 31, 2026, the Bank made a floating
provision of
₹
9,000.00 crore in line with the Board approved policy.
8
On June 25, 2025, the Bank’s subsidiary company, HDB Financial Services Limited
(“HDBFS”) launched its initial public offering (“IPO”), comprised of a fresh issuance of equity shares aggregating to
₹
2,500.00 crore and
an offer for sale (“OFS”) of equity shares by the Bank, aggregating to
₹
10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares
of
₹
10/- each of HDBFS at
₹
740/- per share, for a consideration
aggregating to
₹
10,000.00 crore. In the Consolidated Financials, profit on sale of investment was considered as the difference between the sale consideration and
the Bank’s share in the carrying amount of HDBFS’s net assets (to the extent of sale), as of the date of sale. Consequently, during the half year ended September 30, 2026, the net gain recognised by the Bank in the Consolidated
Financials, on sale of shares under the OFS was
₹
6,949.27 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026,
the net gain recognised by the Bank on sale of shares under the OFS was
₹
7,000.27 crore (before tax and net of IPO related expenses).
9
As intimated to the Stock Exchanges on September 26, 2025, the Bank’s branch at the Dubai
International Financial Centre (“DIFC Branch”) received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority (“DFSA”), prohibiting, amongst other things, the branch from soliciting or
conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank has taken steps to comply
with the directives in the above-referred notice.
The business undertaken at the DIFC Branch is not material to the
Bank’s operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.
10
Other income includes commission income from
non-fund
based banking
activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, and recoveries from accounts previously written off.
11
In accordance with the RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including
leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Framework. These disclosures would be available on the Bank’s website at the following link:
https://www.hdfc.bank.in/about-us/regulatory-disclosures.
The disclosures have not been reviewed by the statutory auditors.
12
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current
period’s classification.
13
₹
10 million =
₹
1 crore
Sashidhar Jagdishan
Place: Mumbai
Managing Director
Date: October 17, 2026
DIN-08614396
HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfc.bank.in, Tel.:
022-
6652 1000, Fax:
022-
2496 0739
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
SEPTEMBER 30, 2026
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Interest earned (a)+(b)+(c)+(d)
83426.60
79362.78
76690.70
162789.38
154160.90
307522.08
a) Interest / discount on advances / bills
65458.33
61953.87
59264.81
127412.20
119457.45
239762.46
b) Income on investments
15253.52
14272.21
15285.48
29525.73
30355.56
58945.38
c) Interest on balances with Reserve Bank of India and other inter-bank funds
1330.90
1365.28
554.79
2696.18
1224.96
2674.70
d) Others
1383.85
1771.42
1585.62
3155.27
3122.93
6139.54
2
Other Income (Refer note 12)
13831.02
12821.60
14350.02
26652.62
36079.85
62532.57
3
Total Income (1)+(2)
97257.62
92184.38
91040.72
189442.00
190240.75
370054.65
4
Interest expended
48807.42
45828.83
45139.20
94636.25
91171.43
178836.04
5
Operating expenses (i)+(ii)
18966.78
18187.49
17977.92
37154.27
35411.76
72660.33
i) Employees cost
6774.17
6414.83
6461.29
13189.00
12619.26
26050.15
ii) Other operating expenses
12192.61
11772.66
11516.63
23965.27
22792.50
46610.18
6
Total Expenditure (4)+(5) (excluding provisions and contingencies)
67774.20
64016.32
63117.12
131790.52
126583.19
251496.37
7
Operating Profit before provisions and contingencies (3)-(6)
29483.42
28168.06
27923.60
57651.48
63657.56
118558.28
8
Provisions (other than tax) and Contingencies (Refer note 7)
3573.62
3059.76
3500.53
6633.38
17942.16
23389.59
9
Exceptional items
—
—
—
—
—
—
10
Profit from ordinary activities before tax (7)-(8)-(9)
25909.80
25108.30
24423.07
51018.10
45715.40
95168.69
11
Tax Expense (Refer note 13)
6399.84
6048.58
5781.79
12448.42
8918.91
20497.40
12
Net Profit from ordinary activities after tax (10)-(11)
19509.96
19059.72
18641.28
38569.68
36796.49
74671.29
13
Extraordinary items (net of tax expense)
—
—
—
—
—
—
14
Net Profit for the period (12)-(13)
19509.96
19059.72
18641.28
38569.68
36796.49
74671.29
15
Paid up equity share capital (Face Value of
₹
1/- each)
1541.86
1540.13
1536.37
1541.86
1536.37
1539.34
16
Reserves excluding revaluation reserves
556816.45
17
Analytical Ratios and other disclosures:
(i) Percentage of shares held by Government of India
Nil
Nil
Nil
Nil
Nil
Nil
(ii) Capital Adequacy Ratio
18.87
%
19.57
%
19.96
%
18.87
%
19.96
%
19.71
%
(iii) Earnings per share (EPS) (
₹
) (Face Value of
₹
1/-
each):
(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized
12.66
12.38
12.14
25.04
24.00
48.62
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized
12.63
12.35
12.09
24.98
23.88
48.40
(iv) NPA Ratios:
(a) Gross NPAs
35809.70
35846.35
34289.48
35809.70
34289.48
34061.19
(b) Net NPAs
11850.86
12357.27
11447.29
11850.86
11447.29
11169.54
(c) % of Gross NPAs to Gross Advances
1.11
%
1.17
%
1.24
%
1.11
%
1.24
%
1.15
%
(d) % of Net NPAs to Net Advances
0.37
%
0.41
%
0.42
%
0.37
%
0.42
%
0.38
%
(v) Return on assets (average) - not annualized
0.45
%
0.46
%
0.49
%
0.91
%
0.97
%
1.94
%
(vi) Net worth
566722.23
566201.13
507536.55
566722.23
507536.55
546325.46
(vii) Outstanding Redeemable Preference Shares
—
—
—
—
—
—
(viii) Capital Redemption Reserve
—
—
—
—
—
—
(ix) Debt Equity Ratio*
0.63
0.56
0.52
0.63
0.52
0.53
(x) Total Debts to Total Assets**
10.68
%
10.50
%
12.73
%
10.68
%
12.73
%
11.21
%
* Debt represents borrowings with residual maturity of more than one year.
** Total debts represents total borrowings of the Bank.
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Standalone Segment information in accordance with the RBI guidelines and Accounting Standard 17 -
Segment Reporting of the operating segments of the Bank is as under:
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Segment Revenue
a)
Treasury (Refer note 12)
19150.30
18192.38
20609.22
37342.68
48892.56
84337.48
b)
Retail Banking:
79112.16
75888.80
75584.52
155000.96
150775.70
301853.51
(i) Digital Banking*
3.89
3.39
2.62
7.28
5.11
10.37
(ii) Non Digital Banking
79108.27
75885.41
75581.90
154993.68
150770.59
301843.14
c)
Wholesale Banking
52743.87
48670.85
42308.37
101414.72
87098.59
174506.30
d)
Other Banking Operations
9700.20
9044.03
9333.81
18744.23
18027.45
36840.96
e)
Unallocated
—
—
—
—
—
—
Total
160706.53
151796.06
147835.92
312502.59
304794.30
597538.25
Less: Inter Segment Revenue
63448.91
59611.68
56795.20
123060.59
114553.55
227483.60
Income from Operations
97257.62
92184.38
91040.72
189442.00
190240.75
370054.65
2
Segment Results
$
a)
Treasury (Refer note 12)
2099.17
2406.59
4212.52
4505.76
16989.38
21142.48
b)
Retail Banking:
10521.59
10131.32
9098.86
20652.91
12480.56
32026.72
(i) Digital Banking*
0.00
0.07
(0.44
)
0.07
(0.64
)
(1.59
)
(ii) Non Digital Banking
10521.59
10131.25
9099.30
20652.84
12481.20
32028.31
c)
Wholesale Banking
10563.24
10364.04
8922.62
20927.28
12621.01
33947.96
d)
Other Banking Operations
3297.50
2795.81
2790.10
6093.31
4806.86
10415.96
e)
Unallocated
(571.70
)
(589.46
)
(601.03
)
(1161.16
)
(1182.41
)
(2364.43
)
Total Profit Before Tax
25909.80
25108.30
24423.07
51018.10
45715.40
95168.69
3
Segment Assets
a)
Treasury
1106606.06
1086021.85
921265.72
1106606.06
921265.72
1149929.44
b)
Retail Banking:
1672324.39
1618976.54
1528244.81
1672324.39
1528244.81
1580887.11
(i) Digital Banking*
164.11
146.45
108.45
164.11
108.45
138.04
(ii) Non Digital Banking
1672160.28
1618830.09
1528136.36
1672160.28
1528136.36
1580749.07
c)
Wholesale Banking
1660468.54
1559292.84
1421440.84
1660468.54
1421440.84
1499816.13
d)
Other Banking Operations
118719.59
115884.08
111367.06
118719.59
111367.06
112867.13
e)
Unallocated
19641.19
17285.97
20689.94
19641.19
20689.94
21386.51
Total
4577759.77
4397461.28
4003008.37
4577759.77
4003008.37
4364886.32
4
Segment Liabilities
$
a)
Treasury
117378.35
78998.60
87053.07
117378.35
87053.07
98273.66
b)
Retail Banking:
2677618.76
2532744.34
2353971.83
2677618.76
2353971.83
2528789.64
(i) Digital Banking*
176.23
156.83
114.76
176.23
114.76
147.09
(ii) Non Digital Banking
2677442.53
2532587.51
2353857.07
2677442.53
2353857.07
2528642.55
c)
Wholesale Banking
1164664.22
1159025.98
996474.90
1164664.22
996474.90
1130276.17
d)
Other Banking Operations
4192.47
4100.45
4046.54
4192.47
4046.54
3997.87
e)
Unallocated
29651.70
39498.81
39053.44
29651.70
39053.44
40648.08
Total
3993505.50
3814368.18
3480599.78
3993505.50
3480599.78
3801985.42
5
Capital, Employees stock options outstanding and Reserves
584254.27
583093.10
522408.59
584254.27
522408.59
562900.90
6
Total (4)+(5)
4577759.77
4397461.28
4003008.37
4577759.77
4003008.37
4364886.32
*Information about Digital Banking Segment reported as a
sub-segment
of Retail
Banking Segment is related to Digital Banking Units of the Bank.
$
Segment Results and
Liabilities for the half year ended September 30, 2025 and year ended March 31, 2026 are after considering the impact of floating provisions in the respective segments.
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks
and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis.
Notes:
1
Standalone statement of Assets and Liabilities is given below:
(
₹
in crore)
As at
30.09.2026
As at
30.09.2025
As at
31.03.2026
Particulars
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
1541.86
1536.37
1539.34
Employees stock options / units outstanding
5107.81
4183.53
4545.11
Reserves and surplus
577604.60
516688.69
556816.45
Deposits
3327448.93
2801788.77
3105250.48
Borrowings
489017.54
509597.05
489394.63
Other liabilities and provisions
177039.03
169213.96
207340.31
Total
4577759.77
4003008.37
4364886.32
ASSETS
Cash and balances with Reserve Bank of India
175139.57
133187.66
200679.37
Balances with banks and money at call and short notice
75234.53
31954.62
97786.99
Investments
923997.08
874321.25
884201.47
Advances
3195566.06
2746359.78
2937166.26
Fixed assets
14645.26
13854.09
14724.64
Other assets
193177.27
203330.97
230327.59
Total
4577759.77
4003008.37
4364886.32
2
Standalone statement of Cashflows is given below:
(
₹
in crore)
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Audited
Cash flows from operating activities:
Profit after tax
38569.68
36796.49
74671.29
Add: Provision for income tax
12448.42
8918.91
20497.40
Profit before income tax
51018.10
45715.40
95168.69
Adjustments for:
Depreciation on fixed assets
1929.30
1812.01
3657.58
Profit on revaluation of investments
(1008.75
)
(2087.57
)
(1075.82
)
Amortisation of premium / (discount) on investments
471.36
323.82
917.73
Profit on sale of fixed assets
(88.95
)
(59.18
)
(186.57
)
Profit on sale of investment in subsidiary
—
(9128.40
)
(9179.40
)
Provision / charge for non performing assets
5768.39
5280.22
11416.80
Floating provisions
—
9000.00
9,000.00
Provision for standard assets and contingencies
864.99
3661.93
2972.78
Dividend from subsidiaries
(1951.66
)
(1631.44
)
(2242.21
)
Employee stock options / units expense
982.07
1001.76
1971.07
57984.85
53888.55
112420.65
Adjustments for:
Increase in investments
(38686.41
)
(36613.85
)
(49116.60
)
Increase in advances
(264168.17
)
(132032.33
)
(328962.40
)
Increase in deposits
222198.46
87073.88
390535.58
Decrease / (Increase) in other assets
33987.57
(4455.11
)
(30222.30
)
(Decrease) / Increase in other liabilities and provisions
(31167.76
)
10062.76
49002.92
(19851.46
)
(22076.10
)
143657.85
Direct taxes paid (net of refunds)
(9115.91
)
(7565.91
)
(20040.85
)
Net cash flow from / (used in) operating activities
(28967.37
)
(29642.01
)
123617.00
Cash flows from investing activities:
Purchase of fixed assets
(1210.30
)
(943.84
)
(3143.53
)
Proceeds from sale of fixed assets
124.31
257.39
429.76
Investment in subsidiaries
(1000.00
)
(80.87
)
(80.87
)
Proceeds from sale of investment in subsidiary (net of expenses)
—
9755.00
9806.00
Dividend from subsidiaries
1951.66
1631.44
2242.21
Net cash flow from / (used in) investing activities
(134.33
)
10619.12
9253.57
Cash flows from financing activities:
Proceeds from issue of share capital
1341.10
3589.34
5108.50
Repayments of Tier 1 and Tier 2 capital instruments
(10280.39
)
—
—
Proceeds / (Repayments) of other borrowings (net)
9845.40
(38665.60
)
(59472.25
)
Dividend paid
(20021.05
)
(20705.98
)
(20705.98
)
Net cash flow used in financing activities
(19114.94
)
(55782.24
)
(75069.73
)
Effect of fluctuation in foreign currency translation reserve
124.38
376.73
1094.84
Net increase / (decrease) in cash and cash equivalents
(48092.26
)
(74428.40
)
58895.68
Cash and cash equivalents at the beginning of the year
298466.36
239570.68
239570.68
Cash and cash equivalents at the end of the period
250374.10
165142.28
298466.36
Cash and cash equivalents includes Cash and balances with Reserve Bank of India and Balances with
banks and money at call and short notice.
3
The above standalone financial results have been approved by the Board of Directors at its meeting held on
October 17, 2026. The financial results for the quarter and half year ended September 30, 2026 have been subjected to a “Limited Review” by the joint statutory auditors of the Bank viz. Batliboi & Purohit, Chartered
Accountants and B S R & Co. LLP, Chartered Accountants.
4
These financial results have been prepared in accordance with the recognition and measurement principles laid
down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“the
RBI”) from time to time and other accounting principles generally accepted in India, and are in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”) as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable. Basis the nature of
the Bank’s business, applicable ratios under the said regulations are disclosed.
5
The Bank has applied its significant accounting policies in the preparation of these financial results
consistent with those followed in the annual financial statements for the year ended March 31, 2026. Any circulars / directions issued by RBI are implemented prospectively when it becomes applicable, unless specifically required under those
circulars / directions.
6
During the quarter and half year ended September 30, 2026, the Bank has allotted 1,72,69,856 and
2,52,29,020 equity shares respectively, pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.
7
During the half year ended September 30, 2025 and year ended March 31, 2026, the Bank made a floating
provision of
₹
9,000.00 crore in line with the Board approved policy.
8
Disclosure under resolution framework for
COVID-19-related
stress as at September 30, 2026, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures)
Directions, 2025 dated November 28, 2025, are given below:
(
₹
in crore)
Type of Borrower
Exposure to
accounts classified
as Standard
consequent to
implementation of
resolution plan -
Position as at
the
end of the previous
half-year i.e.
March 31,
2026 (A)^
Of (A), aggregate
debt that slipped
into NPA during
the half-year
ended
September 30,
2026
Of (A) amount
written off during
the half-year
#
Of (A) amount
paid by the
borrowers during
the half-year
Exposure to
accounts classified
as Standard
consequent to
implementation of
resolution plan -
Position as at the
end of
this
half-year i.e.
September 30,
2026^
Personal Loans
1,967.45
18.93
4.78
257.97
1,690.55
Corporate persons*
173.47
0.23
0.01
13.71
159.53
Of which, MSMEs
15.29
0.18
—
2.50
12.61
Others
131.29
1.51
0.41
27.41
102.37
Total
2,272.21
20.67
5.20
299.09
1,952.45
*
As defined in Section
3(7) of the Insolvency and Bankruptcy Code, 2016.
#
Represents debt that slipped into NPA and was subsequently written off during the half- year ended
September
30, 2026.
^
Excludes other facilities to the borrowers aggregating to
₹
182.49 crore as of September
30, 2026 and
₹
193.59 crore as of March
31, 2026 which have not been restructured.
9
Disclosures on the details of loans transferred / acquired and
co-lending
arrangements during the quarter ended September 30, 2026, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated
November 28, 2025, are given below:
(i)
Details of
non-performing
assets (NPAs) transferred:
(
₹
in crore except number of accounts)
Particulars
To Asset
Reconstruction
Companies
(ARCs)
To
permitted
transferees
To other
transferees
Number of accounts
—
—
—
Aggregate principal outstanding of loans transferred
—
—
—
Weighted average residual tenor of the loans transferred (in years)
—
—
—
Net book value of loans transferred (at the time of transfer)
—
—
—
Aggregate consideration
—
—
—
Additional consideration realised in respect of accounts transferred in earlier years
2.80
—
—
(ii)
Details of loans not in default transferred through assignment are given below:
Particulars
Value
Aggregate amount of loans transferred
(
₹
in crore)
4,960.74
Weighted average residual maturity (in years)
8.59
Weighted average holding period (in years)
2.41
Retention of beneficial economic interest
10
%
Tangible security coverage
100
%
The loans transferred are not rated as these are to
non-corporate
borrowers.
(iii)
The Bank has not acquired any loans not in default.
(iv)
The Bank has not acquired any stressed loans
(Non-performing
assets and
Special Mention Accounts).
(v)
The Bank has not transferred any Special Mention Accounts.
(vi)
Details of rating-wise distribution of Security Receipts (SRs) held by the Bank at September 30, 2026 are
given below:
(
₹
in crore)
Rating
Rating Agency
Recovery rating
Gross Value of
Outstanding
SRs
RR1
ICRA
100% - 150%
111.15
RR2
India Ratings
75% - 100%
27.26
RR4
India Ratings
25% - 50%
34.78
RR5
India Ratings
Upto 25%
125.47
RR5
CRISIL
Upto 25%
27.34
Unrated
720.00
Total
1,046.00
(vii)
The Bank has not entered into any
co-lending
transactions during the
quarter.
10
Disclosure related to Project Finance for the quarter ended September 30, 2026, as per the Reserve Bank of
India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 is given below:
Item Description
Number of
accounts
Total
outstanding
(
₹
in crore)
1. Projects under implementation accounts at the beginning of the quarter
440
21,509.49
2. Projects under implementation accounts sanctioned during the quarter
139
2,124.48
3. Projects under implementation accounts where DCCO has been achieved during the quarter
103
4,547.82
4. Projects under implementation accounts at the end of the quarter*
469
21,246.56
5. Out of ‘4’ – accounts in respect of which resolution process involving
extension in original / extended DCCO, as the case may be has been invoked
61
3,506.97
5.1. Out of ‘5’ – accounts in respect of which Resolution plan has been
implemented
52
1,885.50
5.2. Out of ‘5’ – accounts in respect of which Resolution plan is under
implementation
9
1,621.47
5.3. Out of ‘5’ – accounts in respect of which Resolution plan has
failed
—
—
6. Out of ‘5’, accounts in respect of which resolution process involving extension in
original / extended DCCO, as the case may be has been invoked due to change in scope and size of the project
2
85.26
7. Out of ‘5’, account in respect of which cost overrun associated with extension in
original / extended DCCO, as the case may be, was funded
—
—
7.1. Out of ‘7’, accounts where SBCF was sanctioned during financial closure and
renewed continuously
—
—
7.2. Out of ‘7’, accounts where SBCF was not
pre-sanctioned
or renewed continuously
—
—
8. Out of ‘4’ – accounts in respect of which resolution process not involving
extension in original / extended DCCO, as the case may be has been invoked
—
—
8.1. Out of ‘8’ – accounts in respect of which Resolution plan has been
implemented
—
—
8.2. Out of ‘8’ – accounts in respect of which Resolution plan is under
implementation
—
—
8.3. Out of ‘8’ – accounts in respect of which Resolution plan has
failed
—
—
*Excludes 7 accounts where repayment was completed prior to the achievement of DCCO, and therefore no
longer form part of the projects under implementation accounts at the end of the quarter.
11
Other income includes commission income from
non-fund
based banking
activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, dividends from subsidiaries and recoveries from accounts previously written off.
12
On June 25, 2025, the Bank’s subsidiary company, HDB Financial Services Limited
(“HDBFS”) launched its initial public offering (“IPO”), comprised of a fresh issuance of equity shares aggregating to
₹
2,500.00 crore and
an offer for sale (“OFS”) of equity shares by the Bank, aggregating to
₹
10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares
of
₹
10/- each of HDBFS at
₹
740/- per share, for a consideration
aggregating to
₹
10,000.00 crore. Consequently, during the half year ended September 30, 2025, the net gain recognised by the Bank on sale of shares under
the OFS was
₹
9,128.40 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026, the net gain recognised by the Bank
on sale of shares under the OFS was
₹
9,179.40 crore (before tax and net of IPO related expenses).
13
Provision for tax for the half year ended September 30, 2025 and year ended March 31, 2026 is net of
write back of provision no longer required of
₹
1,144.46 crore, pursuant to favourable orders received.
14
As intimated to the Stock Exchanges on September 26, 2025, the Bank’s branch at the Dubai
International Financial Centre (“DIFC Branch”) received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority (“DFSA”), prohibiting, amongst other things, the branch from soliciting or
conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank has taken steps to comply
with the directives in the above-referred notice.
The business undertaken at the DIFC Branch is not material to the
Bank’s operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.
15
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current
period’s classification.
16
₹
10 million =
₹
1 crore
Sashidhar Jagdishan
Place: Mumbai
Managing Director
Date: October 17, 2026
DIN-08614396
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
HDFC Bank Limited
FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026
The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended September 30, 2026, at its meeting held
in Mumbai on Saturday, October 17, 2026. The accounts have been subjected to a ‘Limited Review’ by the statutory auditors of the Bank.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended September 30, 2026
The Bank’s net revenue was
₹
484.5 billion for the quarter ended September 30, 2026, as against
₹
459.0 billion for the quarter ended September 30, 2025.
Net interest income (interest earned less interest expended) for the quarter ended September 30, 2026 grew by 9.7% to
₹
346.2 billion from
₹
315.5 billion for the quarter ended September 30, 2025. Net interest margin was at 3.16% on total assets, and 3.32% based
on interest earning assets.
Other income
(non-interest
revenue) for the quarter ended September 30, 2026 was
₹
138.3 billion. The four components of other income for the quarter ended September 30, 2026 were fees &
commissions of
₹
96.9 billion
(
₹
88.4 billion in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of
₹
15.5 billion
(
₹
15.9 billion in the corresponding quarter of the previous year), treasury trading gains of
₹
7.8 billion
(
₹
23.9 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend
of
₹
18.1 billion
(
₹
15.3 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended September 30, 2026 were
₹
189.7 billion, as against
₹
179.8 billion during the corresponding quarter of the previous year. The
cost-to-income
ratio for the quarter was at 39.1%.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
Provisions and contingencies for the quarter ended September 30, 2026 were
₹
35.7 billion. The total credit cost ratio was at 0.44% for the quarter ended September 30, 2026.
Profit before tax (PBT) for the quarter ended September 30, 2026 was at
₹
259.1 billion. Profit after tax (PAT) for the quarter was at
₹
195.1 billion, a growth of 4.7% over the quarter ended September 30, 2025. PAT, excluding treasury trading gains, grew by
approximately 12.6% over the quarter ended September 30, 2025.
Balance Sheet: As of September 30, 2026
Total balance sheet size as of September 30, 2026 was
₹
45,778 billion as against
₹
40,030 billion as of September 30, 2025.
The Bank’s average deposits were
₹
31,664 billion for the September 2026 quarter, a growth of 16.8% over
₹
27,105 billion for the September 2025 quarter, and 5.1% over
₹
30,115 billion for the June 2026 quarter.
The Bank’s average CASA deposits were
₹
9,712 billion for the September 2026 quarter, a growth of 10.7% over
₹
8,770 billion for the September 2025 quarter, and 1.5% over
₹
9,570 billion for the June 2026 quarter.
Total EOP Deposits were at
₹
33,274 billion as of September 30, 2026, an increase of 18.8% over September 30, 2025. CASA deposits grew by 10.8%
with savings account deposits at
₹
7,163 billion and current account deposits at
₹
3,356 billion. Time deposits were at
₹
22,755 billion as of September 30, 2026, an increase of 22.8% over the corresponding quarter of the previous year,
resulting in CASA deposits comprising 31.6% of total deposits as of September 30, 2026.
The Bank’s average advances under management, grossing
up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were
₹
31,872 billion for the September 2026 quarter, a growth of 14.1% over
₹
27,946 billion for the September 2025 quarter, and a growth of 4.9% over
₹
30,386 billion for the June 2026 quarter.
Gross advances were at
₹
32,195 billion as of September 30, 2026, an increase of 16.3% over September 30, 2025. Advances under management
grew by 15.3% over September 30, 2025. Retail loans grew by 11.7%, small and
mid-market
enterprises loans grew by 23.5% and corporate and other wholesale loans grew by 16.4%. Overseas advances constituted
3.3% of total advances.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
Half Year ended September 30, 2026
For the half year ended September 30, 2026, the Bank earned a total income of
₹
1,894.4 billion as against
₹
1,902.4 billion in the corresponding
period of the previous year. Net revenues (net interest income plus other income) for the half year ended September 30, 2026 were
₹
948.1 billion, as against
₹
990.7 billion for the half year ended September 30, 2025. Profit after tax for the half year ended September 30,
2026 was
₹
385.7 billion, up by 4.8% over the corresponding half year ended September 30, 2025.
Capital Adequacy:
The Bank’s total Capital
Adequacy Ratio (CAR) as per Basel III guidelines was at 18.9% as on September 30, 2026 (20.0% as on September 30, 2025) as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.2% and Common Equity Tier 1 Capital ratio was at
17.1% as of September 30, 2026. Risk-weighted Assets were at
₹
31,793 billion.
NETWORK
As of September 30, 2026, the
Bank’s distribution network was at 9,706 branches and 20,881 ATMs across 4,177 cities / towns as against 9,545 branches and 21,417 ATMs across 4,156 cities / towns as of September 30, 2025. 50% of the branches are in semi-urban and rural
areas. In addition, the Bank has 14,365 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026 (as against 2,20,339 as of September 30, 2025).
ASSET QUALITY
Gross
non-performing
assets were at 1.11% of gross advances as on September 30, 2026 (0.87% excluding NPAs in the agricultural segment), as against 1.17% as on June 30, 2026 (0.91% excluding NPAs in the
agricultural segment), and 1.24% as on September 30, 2025 (0.99% excluding NPAs in the agricultural segment). Net
non-performing
assets were at 0.37% of net advances as on September 30, 2026.
KEY SUBSIDIARIES
Amongst the Bank’s key
subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards
(‘Ind-AS’).
The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
HDB Financial Services Ltd (HDBFSL),
is a
non-deposit
taking
NBFC in which the Bank holds a 74.1% stake. For the quarter ended September 30, 2026, HDBFSL’s net revenue was at
₹
31.9 billion. Profit after tax for the quarter ended September 30, 2026 was
₹
7.8 billion compared to
₹
5.8 billion for the quarter ended September 30, 2025, a growth of 34.2%. Profit after tax for the half year ended
September 30, 2026 was
₹
15.7 billion. The total loan book was
₹
1,245 billion as on September 30, 2026. Stage 3 loans were at 2.43% of gross loans. Total CAR was at 21.4% with
Tier-I
CAR at 17.4%.
HDFC Life Insurance Company Ltd (HDFC Life)
, in which the Bank holds a 50.5% stake, is a leading life insurance solutions provider. Profit after tax
for the quarter ended September 30, 2026 was
₹
5.1 billion compared to
₹
4.5 billion for the quarter ended September 30, 2025, a growth of 13.6%. Profit after tax for the half year ended
September 30, 2026 was
₹
11.2 billion.
HDFC ERGO General Insurance Company Ltd (HDFC ERGO)
, in which the Bank holds a 50.2% stake, offers a range of general insurance products. Profit after
tax for the quarter ended September 30, 2026 was
₹
1.6 billion compared to
₹
1.8 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was
₹
3.8 billion.
HDFC Asset
Management Company Ltd (HDFC AMC)
, in which the Bank holds a 52.3% stake, is the Investment Manager to HDFC Mutual Fund, and offers a comprehensive suite of savings and investment products. For the quarter ended September 30, 2026, HDFC
AMC’s Quarterly Average Assets Under Management were approximately
₹
9,691 billion. Profit after tax for the quarter ended
September 30, 2026 was
₹
7.5 billion compared to
₹
7.2 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was
₹
15.9 billion.
HDFC Securities Ltd (HSL),
in which the Bank holds a 93.9% stake, is
amongst the leading broking firms. For the quarter ended September 30, 2026, HSL’s total revenue was
₹
9.6 billion.
Profit after tax for the quarter ended September 30, 2026 was
₹
2.7 billion, as against
₹
2.1 billion for the quarter ended September 30, 2025, a growth of 26.1%. Profit after tax for the half year ended
September 30, 2026 was
₹
5.6 billion.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
CONSOLIDATED FINANCIAL RESULTS AS PER INDIAN GAAP:
The Bank’s consolidated net revenue was
₹
786.9 billion for the quarter ended September 30, 2026. The consolidated profit after tax for the quarter ended September
30, 2026 was
₹
207.0 billion. The consolidated profit after tax for the half year ended September 30, 2026 was
₹
399.4 billion.
Note:
₹
= Indian Rupees
1 crore = 10 million
All figures and ratios are in
accordance with Indian GAAP unless otherwise specified.
BSE: 500180
NSE: HDFCBANK
NYSE: HDB
We have included statements in this report which contain words or phrases such as “will”, “aim”, “will likely result”,
“believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”,
“objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements”. Actual results may
differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market
acceptance of and demand for various banking services, our ability to realize all of the anticipated benefits of the Transaction, future levels of our
non-performing/
impaired assets, our growth and expansion,
the adequacy of our management of credit risks and our provision/allowance for credit and investment losses, technological changes, the adequacy of our information technology and telecommunication systems, including against cybersecurity threats,
negative publicity, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future
impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short term funding sources and our
exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on
net income could materially differ from those that have been estimated.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
In addition, other factors that could cause actual results to differ materially from those estimated by
the forward-looking statements contained in this document include, but are not limited to: the war in Iran, involving the United States, Israel and some neighbouring countries, and the geopolitical conflict between Israel and Hamas, which have
complicated the geopolitical landscape and contributed to significant volatility in oil and energy prices; geopolitical tensions between India and Pakistan, with a lingering risk of sudden escalation in military conflict; geopolitical tensions
between India and China; general economic and political conditions; instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in
India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United
States-led
coalition or any other country, such as the joint strike launched by the United States and the
United Kingdom in Yemen following the Houthis group’s attack on international ships in the Red Sea; the ongoing war between Russia and Ukraine; military armament or social unrest in any part of India; the monetary and interest rate
policies of the RBI; natural calamities, pandemics, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally;
compliance with and changes in Indian and foreign laws and regulations, including tax, accounting, banking regulations, insurance regulations and securities regulations; changes in competition and the pricing environment in India; regional or
general changes in asset valuations; and uncertainties arising out of foreign trade and tariff policies followed by major global economies, such as the United States and China.
For more information please log on to:
www.hdfc.bank.in
For media queries please contact:
Madhu Chhibber
Head - Corporate Communications
HDFC Bank Ltd., Mumbai.
Mobile: +91 9833775515
madhu.chhibber@hdfc.bank.in
For investor queries please contact:
Investor Relations
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652 1054 (D) / 6652
1000 (B)
investor.relations@hdfc.bank.in
6-K
1
d166042d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
Report of Foreign Private Issuer
Pursuant to Rule
13a-16
or
15d-16
under the
Securities Exchange Act of 1934
For the month of October, 2026
Commission File Number
001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
HDFC BANK LIMITED
(Registrant)
Date: October 17, 2026
By:
/s/ Ajay Agarwal
Name:
Ajay Agarwal
Title:
Company Secretary
Group Head –
Secretarial & Group Oversight
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General
Instructions for Form
6-K.
Exhibit No. 99
Description
Approval of unaudited standalone and
consolidated financial results of the Bank for the quarter and half-year ended September 30, 2026
October 17, 2026
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub:
Approval of unaudited standalone and consolidated financial results of the Bank for the quarter and
half-year ended September 30, 2026
We wish to inform you that the Board of Directors of the Bank at its meeting held today
i.e. on October 17, 2026, based on the recommendation of the Audit Committee, approved the unaudited standalone and consolidated financial results of the Bank for the quarter and half-year ended September 30, 2026 (“Results”).
The Results along with Limited Review Reports of the Joint Statutory Auditors and Press Release on the said Results are enclosed and being uploaded on the website of the Bank. The said Results will also be published in the newspapers in the
prescribed format.
Please note that the Board Meeting commenced at 11.00 a.m. today, i.e. on Saturday, October 17, 2026 and the Results were
approved by the Board at 1.30 p.m. Thereafter, the Board Meeting continued for consideration of other agenda matters.
Further, kindly note that in terms
of the Bank’s Share Dealing Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in Securities of the Bank by its designated persons and their immediate relatives shall open on Tuesday, October 20,
2026.
This is for your information and appropriate dissemination.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Ajay Agarwal
Company Secretary
Group Head –
Secretarial & Group Oversight
----- d166042dex99.htm -----
EX-99
2
d166042dex99.htm
EX-99
EX-99
Exhibit 99
HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfc.bank.in, Tel.:
022-
6652 1000, Fax:
022-
2496 0739
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
SEPTEMBER 30, 2026
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Interest earned (a)+(b)+(c)+(d)
95131.63
90575.33
86993.84
185706.96
174365.71
348615.15
a) Interest / discount on advances / bills
70049.53
66406.51
63309.67
136456.04
127457.58
256192.47
b) Income on investments
22101.42
20753.16
21328.37
42854.58
42145.54
82656.87
c) Interest on balances with Reserve Bank of India and other inter-bank funds
1560.46
1599.37
738.86
3159.83
1565.30
3457.06
d) Others
1420.22
1816.29
1616.94
3236.51
3197.29
6308.75
2
Other income (a)+(b)
34227.06
42535.03
31566.79
76762.09
77249.89
146847.66
a) Premium and other operating income from insurance business
23640.43
18353.92
20510.43
41994.35
36583.80
84160.02
b) Others (Refer note 8)
10586.63
24181.11
11056.36
34767.74
40666.09
62687.64
3
Total income (1)+(2)
129358.69
133110.36
118560.63
262469.05
251615.60
495462.81
4
Interest expended
50667.43
47625.63
46740.86
98293.06
94449.37
185491.23
5
Operating expenses (i)+(ii)+(iii)
45819.72
54488.73
40879.05
100308.45
90062.05
181173.91
i) Employees cost
9774.20
9342.49
9317.56
19116.69
18215.02
37604.81
ii) Claims and benefits paid and other expenses pertaining to insurance business
22518.74
32177.54
18988.69
54696.28
47061.61
92340.22
iii) Other operating expenses
13526.78
12968.70
12572.80
26495.48
24785.42
51228.88
6
Total expenditure (4)+(5) (excluding provisions and contingencies)
96487.15
102114.36
87619.91
198601.51
184511.42
366665.14
7
Operating profit before provisions and contingencies (3)-(6)
32871.54
30996.00
30940.72
63867.54
67104.18
128797.67
8
Provisions (other than tax) and contingencies (Refer note 7)
4209.00
3802.84
4281.83
8011.84
19595.46
26656.22
9
Exceptional items
—
—
—
—
—
—
10
Profit from ordinary activities before tax and minority interest (7)-(8)-(9)
28662.54
27193.16
26658.89
55855.70
47508.72
102141.45
11
Tax expense
7125.45
6810.47
6295.12
13935.92
10054.52
22921.99
12
Net profit from ordinary activities after tax and before minority interest (10)-(11)
21537.09
20382.69
20363.77
41919.78
37454.20
79219.46
13
Extraordinary items (net of tax expense)
—
—
—
—
—
—
14
Net profit for the period before minority interest (12)-(13)
21537.09
20382.69
20363.77
41919.78
37454.20
79219.46
15
Less: Minority interest
837.06
1137.98
753.10
1975.04
1585.62
3193.49
16
Net profit for the period (14)-(15)
20700.03
19244.71
19610.67
39944.74
35868.58
76025.97
17
Paid up equity share capital (Face value of
₹
1/- each)
1541.86
1540.13
1536.37
1541.86
1536.37
1539.34
18
Reserves excluding revaluation reserves
579975.02
19
Analytical Ratios and other disclosures :
(i) Percentage of shares held by Government of India
Nil
Nil
Nil
Nil
Nil
Nil
(ii) Earnings per share (EPS)
(
₹
) (Face value of
₹
1/-
each):
(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized
13.43
12.50
12.78
25.93
23.39
49.50
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized
13.41
12.47
12.71
25.87
23.27
49.28
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Consolidated Segment information in accordance with the RBI guidelines and Accounting Standard 17 -
Segment Reporting of the operating segments of the Group is as under:
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Segment Revenue
a)
Treasury (Refer note 8)
19150.30
18192.38
20609.22
37342.68
46713.43
82158.35
b)
Retail Banking:
79112.16
75888.80
75584.52
155000.96
150775.70
301853.51
(i) Digital Banking*
3.89
3.39
2.62
7.28
5.11
10.37
(ii) Non Digital Banking
79108.27
75885.41
75581.90
154993.68
150770.59
301843.14
c)
Wholesale Banking
52743.87
48670.85
42308.37
101414.72
87098.59
174506.30
d)
Other Banking Operations
9700.20
9044.03
9333.81
18744.23
18027.45
36840.96
e)
Insurance Business**
26820.21
35951.83
22798.91
62772.04
54418.15
108079.83
f)
Others^
5280.86
4974.15
4721.00
10255.01
9135.83
19507.46
g)
Unallocated
—
—
—
—
—
—
Total
192807.60
192722.04
175355.83
385529.64
366169.15
722946.41
Less: Inter Segment Revenue
63448.91
59611.68
56795.20
123060.59
114553.55
227483.60
Income from Operations
129358.69
133110.36
118560.63
262469.05
251615.60
495462.81
2
Segment Results***
a)
Treasury (Refer note 8)
2099.17
2406.59
4212.52
4505.76
14810.25
18963.35
b)
Retail Banking:
10521.59
10131.32
9098.86
20652.91
12480.56
32026.72
(i) Digital Banking*
—
0.07
(0.44
)
0.07
(0.64
)
(1.59
)
(ii) Non Digital Banking
10521.59
10131.25
9099.30
20652.84
12481.20
32028.31
c)
Wholesale Banking
10563.24
10364.04
8922.62
20927.28
12621.01
33947.96
d)
Other Banking Operations
3297.50
2795.81
2790.10
6093.31
4806.86
10415.96
e)
Insurance Business**
2005.59
1750.38
1746.19
3755.97
3391.12
7083.51
f)
Others^
747.15
334.48
489.63
1081.63
581.33
2068.38
g)
Unallocated
(571.70
)
(589.46
)
(601.03
)
(1161.16
)
(1182.41
)
(2364.43
)
Total Profit Before Tax and Minority Interest
28662.54
27193.16
26658.89
55855.70
47508.72
102141.45
3
Segment Assets
a)
Treasury
1106606.06
1086021.85
921265.72
1106606.06
921265.72
1149929.44
b)
Retail Banking:
1672324.39
1618976.54
1528244.81
1672324.39
1528244.81
1580887.11
(i) Digital Banking*
164.11
146.45
108.45
164.11
108.45
138.04
(ii) Non Digital Banking
1672160.28
1618830.09
1528136.36
1672160.28
1528136.36
1580749.07
c)
Wholesale Banking
1660468.54
1559292.84
1421440.84
1660468.54
1421440.84
1499816.13
d)
Other Banking Operations
118719.59
115884.08
111367.06
118719.59
111367.06
112867.13
e)
Insurance Business**
452460.39
441063.92
395094.85
452460.39
395094.85
414400.04
f)
Others^
135621.42
132948.46
116638.18
135621.42
116638.18
128754.48
g)
Unallocated
19641.19
17285.97
20689.94
19641.19
20689.94
21386.51
Total
5165841.58
4971473.66
4514741.40
5165841.58
4514741.40
4908040.84
4
Segment Liabilities***
a)
Treasury
117378.35
78998.60
87053.07
117378.35
87053.07
98273.66
b)
Retail Banking:
2677618.76
2532744.34
2353971.83
2677618.76
2353971.83
2528789.64
(i) Digital Banking*
176.23
156.83
114.76
176.23
114.76
147.09
(ii) Non Digital Banking
2677442.53
2532587.51
2353857.07
2677442.53
2353857.07
2528642.55
c)
Wholesale Banking
1164664.22
1159025.98
996474.90
1164664.22
996474.90
1130276.17
d)
Other Banking Operations
4192.47
4100.45
4046.54
4192.47
4046.54
3997.87
e)
Insurance Business**
432657.14
421651.63
379214.74
432657.14
379214.74
398573.63
f)
Others^
107517.85
106068.47
90582.91
107517.85
90582.91
99037.36
g)
Unallocated
29651.70
39498.81
39053.44
29651.70
39053.44
40648.08
Total
4533680.49
4342088.28
3950397.43
4533680.49
3950397.43
4299596.41
5
Capital, Employees stock options outstanding, Reserves and Minority Interest
632161.09
629385.38
564343.97
632161.09
564343.97
608444.43
6
Total (4)+(5)
5165841.58
4971473.66
4514741.40
5165841.58
4514741.40
4908040.84
*Information about Digital Banking Segment reported as a
sub-segment
of Retail
Banking Segment is related to Digital Banking Units of the Bank.
** Includes the operations of HDFC Life Insurance Company Limited (consolidated)
(“HDFC Life”) and HDFC ERGO General Insurance Company Limited (“HDFC Ergo”).
*** Segment Results and Liabilities for half
year ended September 30, 2025 and year end March 31, 2026 are after considering the impact of floating provisions in the respective segments.
^ Includes the operations of the consolidated entities of the Bank, not covered in any of the above segments.
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks
and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis.
Notes:
1
Consolidated statement of Assets and Liabilities is given below:
(
₹
in crore)
As at
30.09.2026
As at
30.09.2025
As at
31.03.2026
Particulars
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
1541.86
1536.37
1539.34
Employees stock options / units outstanding
5107.81
4183.53
4545.11
Reserves and surplus
601927.19
537607.51
579975.02
Minority interest
23584.23
21016.56
22384.96
Deposits
3324146.36
2798169.83
3099638.29
Borrowings
594143.54
599507.24
588484.55
Other liabilities and provisions
224930.68
209125.38
252977.53
Policyholders’ funds
390459.91
343594.98
358496.04
Total
5165841.58
4514741.40
4908040.84
ASSETS
Cash and balances with Reserve Bank of India
175156.11
133210.73
200707.11
Balances with banks and money at call and short notice
88644.04
43847.14
111218.94
Investments
1356850.48
1250390.77
1280216.29
Advances
3316057.54
2853902.56
3050783.23
Fixed assets
16430.53
15537.75
16491.59
Other assets
212702.88
217852.45
248623.68
Total
5165841.58
4514741.40
4908040.84
2
Consolidated statement of Cashflows is given below:
(
₹
in crore)
Particulars
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Unaudited
Unaudited
Audited
Cash flows from operating activities:
Consolidated profit after tax and minority interest
39944.74
35868.58
76025.97
Add: Provision for income tax
13935.92
10054.52
22921.99
Consolidated profit before income tax and after minority interest
53880.66
45923.10
98947.96
Adjustment for:
Depreciation on fixed assets
2218.68
2061.48
4194.90
(Profit) / loss on revaluation of investments
(3018.64
)
(3440.62
)
7739.96
Amortisation of premium / (discount) on investments
461.62
379.31
986.17
Profit on sale of fixed assets
(89.68
)
(60.52
)
(207.91
)
Profit on sale of investment in subsidiary
—
(6949.27
)
(7000.27
)
Provision / charge for non performing assets
6896.31
6973.56
14445.98
Floating provisions
—
9000.00
9000.00
Provision for standard assets and contingencies
1115.53
3621.90
3210.24
Employee stock options / units expense
1117.47
1128.13
2228.30
62581.95
58637.07
133545.33
Adjustments for:
Increase in investments
(76762.33
)
(59467.24
)
(102572.73
)
Increase in advances
(272277.74
)
(135993.25
)
(340270.74
)
Increase in deposits
224508.07
87271.60
388740.06
Decrease / (Increase) in other assets
32801.08
(5074.33
)
(29678.54
)
(Decrease) / Increase in other liabilities and provisions
(29182.67
)
7937.04
52338.92
Increase in policyholders’ funds
34385.43
23377.42
34060.45
(23946.21
)
(23311.69
)
136162.75
Direct taxes paid (net of refunds)
(10549.26
)
(8740.82
)
(22656.37
)
Net cash flow from / (used in) operating activities
(34495.47
)
(32052.51
)
113506.38
Cash flows from investing activities:
Purchase of fixed assets
(1450.45
)
(1385.60
)
(3889.97
)
Proceeds from sale of fixed assets
129.72
263.00
527.56
Proceeds from sale of investment in subsidiary (net of expenses)
—
9755.00
9806.00
Investment in subsidiaries
—
(80.87
)
(80.87
)
Net cash flow from / (used in) investing activities
(1320.73
)
8551.53
6362.72
(
₹
in crore)
Particulars
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Unaudited
Unaudited
Audited
Cash flows from financing activities:
Increase in minority interest (including issue of ESOPs by subsidiaries)
770.35
698.57
2331.21
Proceeds from issue of share capital
1341.10
3589.34
5108.50
Proceeds from issue of shares through subsidiary IPO (net of issue expenses)
—
2,458.62
2,456.61
Proceeds / (Repayments) of Tier 1 and Tier 2 capital instruments
(10500.39
)
400.00
700.00
Proceeds / (Repayments) of other borrowings (net)
15972.74
(36214.34
)
(48895.19
)
Dividend paid
(20021.05
)
(20705.98
)
(20705.98
)
Net cash flow used in financing activities
(12437.25
)
(49773.79
)
(59004.85
)
Effect of fluctuation in foreign currency translation reserve
127.55
384.74
1113.90
Net increase / (decrease) in cash and cash equivalents
(48125.90
)
(72890.03
)
61978.15
Cash and cash equivalents at the beginning of the year
311926.05
249947.90
249947.90
Cash and cash equivalents at the end of the period
263800.15
177057.87
311926.05
Cash and cash equivalents includes Cash and balances with Reserve Bank of India and Balances with
banks and money at call and short notice.
3
The above financial results represent the consolidated financial results of HDFC Bank Limited and its
subsidiaries including Employee Welfare Trust (‘EWT’) which is consolidated as a subsidiary (together referred to as the “Group” herein). These financial results have been approved by the Board of Directors of the Bank at its
meeting held on October 17, 2026. The financial results for the quarter and half year ended September 30, 2026 have been subjected to a “Limited Review” by the joint statutory auditors of the Bank viz. Batliboi &
Purohit, Chartered Accountants and B S R & Co. LLP, Chartered Accountants.
4
These financial results have been prepared in accordance with the recognition and measurement principles laid
down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“the
RBI”) from time to time, the Insurance Regulatory and Development Authority of India (“IRDAI”) to the extent applicable for insurance entities and other accounting principles generally accepted in India and are in compliance with
the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Regulations”) as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable.
5
The Group has applied significant accounting policies in the preparation of these consolidated financial
results consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2026. Any relevant circular / direction issued by the RBI and other regulator(s) is implemented prospectively when it becomes
applicable, unless specifically required under that circular / direction.
6
During the quarter and half year ended September 30, 2026, the Bank has allotted 1,72,69,856 and
2,52,29,020 equity shares respectively pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.
7
During the half year ended September 30, 2025 and year ended March 31, 2026, the Bank made a floating
provision of
₹
9,000.00 crore in line with the Board approved policy.
8
On June 25, 2025, the Bank’s subsidiary company, HDB Financial Services Limited
(“HDBFS”) launched its initial public offering (“IPO”), comprised of a fresh issuance of equity shares aggregating to
₹
2,500.00 crore and
an offer for sale (“OFS”) of equity shares by the Bank, aggregating to
₹
10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares
of
₹
10/- each of HDBFS at
₹
740/- per share, for a consideration
aggregating to
₹
10,000.00 crore. In the Consolidated Financials, profit on sale of investment was considered as the difference between the sale consideration and
the Bank’s share in the carrying amount of HDBFS’s net assets (to the extent of sale), as of the date of sale. Consequently, during the half year ended September 30, 2026, the net gain recognised by the Bank in the Consolidated
Financials, on sale of shares under the OFS was
₹
6,949.27 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026,
the net gain recognised by the Bank on sale of shares under the OFS was
₹
7,000.27 crore (before tax and net of IPO related expenses).
9
As intimated to the Stock Exchanges on September 26, 2025, the Bank’s branch at the Dubai
International Financial Centre (“DIFC Branch”) received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority (“DFSA”), prohibiting, amongst other things, the branch from soliciting or
conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank has taken steps to comply
with the directives in the above-referred notice.
The business undertaken at the DIFC Branch is not material to the
Bank’s operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.
10
Other income includes commission income from
non-fund
based banking
activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, and recoveries from accounts previously written off.
11
In accordance with the RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including
leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Framework. These disclosures would be available on the Bank’s website at the following link:
https://www.hdfc.bank.in/about-us/regulatory-disclosures.
The disclosures have not been reviewed by the statutory auditors.
12
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current
period’s classification.
13
₹
10 million =
₹
1 crore
Sashidhar Jagdishan
Place: Mumbai
Managing Director
Date: October 17, 2026
DIN-08614396
HDFC BANK LIMITED
CIN : L65920MH1994PLC080618
Sandoz House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018.
Website: https://www.hdfc.bank.in, Tel.:
022-
6652 1000, Fax:
022-
2496 0739
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
SEPTEMBER 30, 2026
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Interest earned (a)+(b)+(c)+(d)
83426.60
79362.78
76690.70
162789.38
154160.90
307522.08
a) Interest / discount on advances / bills
65458.33
61953.87
59264.81
127412.20
119457.45
239762.46
b) Income on investments
15253.52
14272.21
15285.48
29525.73
30355.56
58945.38
c) Interest on balances with Reserve Bank of India and other inter-bank funds
1330.90
1365.28
554.79
2696.18
1224.96
2674.70
d) Others
1383.85
1771.42
1585.62
3155.27
3122.93
6139.54
2
Other Income (Refer note 12)
13831.02
12821.60
14350.02
26652.62
36079.85
62532.57
3
Total Income (1)+(2)
97257.62
92184.38
91040.72
189442.00
190240.75
370054.65
4
Interest expended
48807.42
45828.83
45139.20
94636.25
91171.43
178836.04
5
Operating expenses (i)+(ii)
18966.78
18187.49
17977.92
37154.27
35411.76
72660.33
i) Employees cost
6774.17
6414.83
6461.29
13189.00
12619.26
26050.15
ii) Other operating expenses
12192.61
11772.66
11516.63
23965.27
22792.50
46610.18
6
Total Expenditure (4)+(5) (excluding provisions and contingencies)
67774.20
64016.32
63117.12
131790.52
126583.19
251496.37
7
Operating Profit before provisions and contingencies (3)-(6)
29483.42
28168.06
27923.60
57651.48
63657.56
118558.28
8
Provisions (other than tax) and Contingencies (Refer note 7)
3573.62
3059.76
3500.53
6633.38
17942.16
23389.59
9
Exceptional items
—
—
—
—
—
—
10
Profit from ordinary activities before tax (7)-(8)-(9)
25909.80
25108.30
24423.07
51018.10
45715.40
95168.69
11
Tax Expense (Refer note 13)
6399.84
6048.58
5781.79
12448.42
8918.91
20497.40
12
Net Profit from ordinary activities after tax (10)-(11)
19509.96
19059.72
18641.28
38569.68
36796.49
74671.29
13
Extraordinary items (net of tax expense)
—
—
—
—
—
—
14
Net Profit for the period (12)-(13)
19509.96
19059.72
18641.28
38569.68
36796.49
74671.29
15
Paid up equity share capital (Face Value of
₹
1/- each)
1541.86
1540.13
1536.37
1541.86
1536.37
1539.34
16
Reserves excluding revaluation reserves
556816.45
17
Analytical Ratios and other disclosures:
(i) Percentage of shares held by Government of India
Nil
Nil
Nil
Nil
Nil
Nil
(ii) Capital Adequacy Ratio
18.87
%
19.57
%
19.96
%
18.87
%
19.96
%
19.71
%
(iii) Earnings per share (EPS) (
₹
) (Face Value of
₹
1/-
each):
(a) Basic EPS before & after extraordinary items (net of tax expense) - not annualized
12.66
12.38
12.14
25.04
24.00
48.62
(b) Diluted EPS before & after extraordinary items (net of tax expense) - not annualized
12.63
12.35
12.09
24.98
23.88
48.40
(iv) NPA Ratios:
(a) Gross NPAs
35809.70
35846.35
34289.48
35809.70
34289.48
34061.19
(b) Net NPAs
11850.86
12357.27
11447.29
11850.86
11447.29
11169.54
(c) % of Gross NPAs to Gross Advances
1.11
%
1.17
%
1.24
%
1.11
%
1.24
%
1.15
%
(d) % of Net NPAs to Net Advances
0.37
%
0.41
%
0.42
%
0.37
%
0.42
%
0.38
%
(v) Return on assets (average) - not annualized
0.45
%
0.46
%
0.49
%
0.91
%
0.97
%
1.94
%
(vi) Net worth
566722.23
566201.13
507536.55
566722.23
507536.55
546325.46
(vii) Outstanding Redeemable Preference Shares
—
—
—
—
—
—
(viii) Capital Redemption Reserve
—
—
—
—
—
—
(ix) Debt Equity Ratio*
0.63
0.56
0.52
0.63
0.52
0.53
(x) Total Debts to Total Assets**
10.68
%
10.50
%
12.73
%
10.68
%
12.73
%
11.21
%
* Debt represents borrowings with residual maturity of more than one year.
** Total debts represents total borrowings of the Bank.
Regd. Office : HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013.
Standalone Segment information in accordance with the RBI guidelines and Accounting Standard 17 -
Segment Reporting of the operating segments of the Bank is as under:
(
₹
in crore)
Quarter ended
Half year ended
Year ended
31.03.2026
30.09.2026
30.06.2026
30.09.2025
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
Segment Revenue
a)
Treasury (Refer note 12)
19150.30
18192.38
20609.22
37342.68
48892.56
84337.48
b)
Retail Banking:
79112.16
75888.80
75584.52
155000.96
150775.70
301853.51
(i) Digital Banking*
3.89
3.39
2.62
7.28
5.11
10.37
(ii) Non Digital Banking
79108.27
75885.41
75581.90
154993.68
150770.59
301843.14
c)
Wholesale Banking
52743.87
48670.85
42308.37
101414.72
87098.59
174506.30
d)
Other Banking Operations
9700.20
9044.03
9333.81
18744.23
18027.45
36840.96
e)
Unallocated
—
—
—
—
—
—
Total
160706.53
151796.06
147835.92
312502.59
304794.30
597538.25
Less: Inter Segment Revenue
63448.91
59611.68
56795.20
123060.59
114553.55
227483.60
Income from Operations
97257.62
92184.38
91040.72
189442.00
190240.75
370054.65
2
Segment Results
$
a)
Treasury (Refer note 12)
2099.17
2406.59
4212.52
4505.76
16989.38
21142.48
b)
Retail Banking:
10521.59
10131.32
9098.86
20652.91
12480.56
32026.72
(i) Digital Banking*
0.00
0.07
(0.44
)
0.07
(0.64
)
(1.59
)
(ii) Non Digital Banking
10521.59
10131.25
9099.30
20652.84
12481.20
32028.31
c)
Wholesale Banking
10563.24
10364.04
8922.62
20927.28
12621.01
33947.96
d)
Other Banking Operations
3297.50
2795.81
2790.10
6093.31
4806.86
10415.96
e)
Unallocated
(571.70
)
(589.46
)
(601.03
)
(1161.16
)
(1182.41
)
(2364.43
)
Total Profit Before Tax
25909.80
25108.30
24423.07
51018.10
45715.40
95168.69
3
Segment Assets
a)
Treasury
1106606.06
1086021.85
921265.72
1106606.06
921265.72
1149929.44
b)
Retail Banking:
1672324.39
1618976.54
1528244.81
1672324.39
1528244.81
1580887.11
(i) Digital Banking*
164.11
146.45
108.45
164.11
108.45
138.04
(ii) Non Digital Banking
1672160.28
1618830.09
1528136.36
1672160.28
1528136.36
1580749.07
c)
Wholesale Banking
1660468.54
1559292.84
1421440.84
1660468.54
1421440.84
1499816.13
d)
Other Banking Operations
118719.59
115884.08
111367.06
118719.59
111367.06
112867.13
e)
Unallocated
19641.19
17285.97
20689.94
19641.19
20689.94
21386.51
Total
4577759.77
4397461.28
4003008.37
4577759.77
4003008.37
4364886.32
4
Segment Liabilities
$
a)
Treasury
117378.35
78998.60
87053.07
117378.35
87053.07
98273.66
b)
Retail Banking:
2677618.76
2532744.34
2353971.83
2677618.76
2353971.83
2528789.64
(i) Digital Banking*
176.23
156.83
114.76
176.23
114.76
147.09
(ii) Non Digital Banking
2677442.53
2532587.51
2353857.07
2677442.53
2353857.07
2528642.55
c)
Wholesale Banking
1164664.22
1159025.98
996474.90
1164664.22
996474.90
1130276.17
d)
Other Banking Operations
4192.47
4100.45
4046.54
4192.47
4046.54
3997.87
e)
Unallocated
29651.70
39498.81
39053.44
29651.70
39053.44
40648.08
Total
3993505.50
3814368.18
3480599.78
3993505.50
3480599.78
3801985.42
5
Capital, Employees stock options outstanding and Reserves
584254.27
583093.10
522408.59
584254.27
522408.59
562900.90
6
Total (4)+(5)
4577759.77
4397461.28
4003008.37
4577759.77
4003008.37
4364886.32
*Information about Digital Banking Segment reported as a
sub-segment
of Retail
Banking Segment is related to Digital Banking Units of the Bank.
$
Segment Results and
Liabilities for the half year ended September 30, 2025 and year ended March 31, 2026 are after considering the impact of floating provisions in the respective segments.
Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks
and returns, the organisation structure, the internal business reporting system and the guidelines prescribed by the RBI. The Segment Assets and Segment Liabilities exclude transfers between segments and are transfer priced on a gross basis.
Notes:
1
Standalone statement of Assets and Liabilities is given below:
(
₹
in crore)
As at
30.09.2026
As at
30.09.2025
As at
31.03.2026
Particulars
Unaudited
Unaudited
Audited
CAPITAL AND LIABILITIES
Capital
1541.86
1536.37
1539.34
Employees stock options / units outstanding
5107.81
4183.53
4545.11
Reserves and surplus
577604.60
516688.69
556816.45
Deposits
3327448.93
2801788.77
3105250.48
Borrowings
489017.54
509597.05
489394.63
Other liabilities and provisions
177039.03
169213.96
207340.31
Total
4577759.77
4003008.37
4364886.32
ASSETS
Cash and balances with Reserve Bank of India
175139.57
133187.66
200679.37
Balances with banks and money at call and short notice
75234.53
31954.62
97786.99
Investments
923997.08
874321.25
884201.47
Advances
3195566.06
2746359.78
2937166.26
Fixed assets
14645.26
13854.09
14724.64
Other assets
193177.27
203330.97
230327.59
Total
4577759.77
4003008.37
4364886.32
2
Standalone statement of Cashflows is given below:
(
₹
in crore)
Half year ended
Year ended
31.03.2026
30.09.2026
30.09.2025
Particulars
Unaudited
Unaudited
Audited
Cash flows from operating activities:
Profit after tax
38569.68
36796.49
74671.29
Add: Provision for income tax
12448.42
8918.91
20497.40
Profit before income tax
51018.10
45715.40
95168.69
Adjustments for:
Depreciation on fixed assets
1929.30
1812.01
3657.58
Profit on revaluation of investments
(1008.75
)
(2087.57
)
(1075.82
)
Amortisation of premium / (discount) on investments
471.36
323.82
917.73
Profit on sale of fixed assets
(88.95
)
(59.18
)
(186.57
)
Profit on sale of investment in subsidiary
—
(9128.40
)
(9179.40
)
Provision / charge for non performing assets
5768.39
5280.22
11416.80
Floating provisions
—
9000.00
9,000.00
Provision for standard assets and contingencies
864.99
3661.93
2972.78
Dividend from subsidiaries
(1951.66
)
(1631.44
)
(2242.21
)
Employee stock options / units expense
982.07
1001.76
1971.07
57984.85
53888.55
112420.65
Adjustments for:
Increase in investments
(38686.41
)
(36613.85
)
(49116.60
)
Increase in advances
(264168.17
)
(132032.33
)
(328962.40
)
Increase in deposits
222198.46
87073.88
390535.58
Decrease / (Increase) in other assets
33987.57
(4455.11
)
(30222.30
)
(Decrease) / Increase in other liabilities and provisions
(31167.76
)
10062.76
49002.92
(19851.46
)
(22076.10
)
143657.85
Direct taxes paid (net of refunds)
(9115.91
)
(7565.91
)
(20040.85
)
Net cash flow from / (used in) operating activities
(28967.37
)
(29642.01
)
123617.00
Cash flows from investing activities:
Purchase of fixed assets
(1210.30
)
(943.84
)
(3143.53
)
Proceeds from sale of fixed assets
124.31
257.39
429.76
Investment in subsidiaries
(1000.00
)
(80.87
)
(80.87
)
Proceeds from sale of investment in subsidiary (net of expenses)
—
9755.00
9806.00
Dividend from subsidiaries
1951.66
1631.44
2242.21
Net cash flow from / (used in) investing activities
(134.33
)
10619.12
9253.57
Cash flows from financing activities:
Proceeds from issue of share capital
1341.10
3589.34
5108.50
Repayments of Tier 1 and Tier 2 capital instruments
(10280.39
)
—
—
Proceeds / (Repayments) of other borrowings (net)
9845.40
(38665.60
)
(59472.25
)
Dividend paid
(20021.05
)
(20705.98
)
(20705.98
)
Net cash flow used in financing activities
(19114.94
)
(55782.24
)
(75069.73
)
Effect of fluctuation in foreign currency translation reserve
124.38
376.73
1094.84
Net increase / (decrease) in cash and cash equivalents
(48092.26
)
(74428.40
)
58895.68
Cash and cash equivalents at the beginning of the year
298466.36
239570.68
239570.68
Cash and cash equivalents at the end of the period
250374.10
165142.28
298466.36
Cash and cash equivalents includes Cash and balances with Reserve Bank of India and Balances with
banks and money at call and short notice.
3
The above standalone financial results have been approved by the Board of Directors at its meeting held on
October 17, 2026. The financial results for the quarter and half year ended September 30, 2026 have been subjected to a “Limited Review” by the joint statutory auditors of the Bank viz. Batliboi & Purohit, Chartered
Accountants and B S R & Co. LLP, Chartered Accountants.
4
These financial results have been prepared in accordance with the recognition and measurement principles laid
down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“the
RBI”) from time to time and other accounting principles generally accepted in India, and are in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”) as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable. Basis the nature of
the Bank’s business, applicable ratios under the said regulations are disclosed.
5
The Bank has applied its significant accounting policies in the preparation of these financial results
consistent with those followed in the annual financial statements for the year ended March 31, 2026. Any circulars / directions issued by RBI are implemented prospectively when it becomes applicable, unless specifically required under those
circulars / directions.
6
During the quarter and half year ended September 30, 2026, the Bank has allotted 1,72,69,856 and
2,52,29,020 equity shares respectively, pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.
7
During the half year ended September 30, 2025 and year ended March 31, 2026, the Bank made a floating
provision of
₹
9,000.00 crore in line with the Board approved policy.
8
Disclosure under resolution framework for
COVID-19-related
stress as at September 30, 2026, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures)
Directions, 2025 dated November 28, 2025, are given below:
(
₹
in crore)
Type of Borrower
Exposure to
accounts classified
as Standard
consequent to
implementation of
resolution plan -
Position as at
the
end of the previous
half-year i.e.
March 31,
2026 (A)^
Of (A), aggregate
debt that slipped
into NPA during
the half-year
ended
September 30,
2026
Of (A) amount
written off during
the half-year
#
Of (A) amount
paid by the
borrowers during
the half-year
Exposure to
accounts classified
as Standard
consequent to
implementation of
resolution plan -
Position as at the
end of
this
half-year i.e.
September 30,
2026^
Personal Loans
1,967.45
18.93
4.78
257.97
1,690.55
Corporate persons*
173.47
0.23
0.01
13.71
159.53
Of which, MSMEs
15.29
0.18
—
2.50
12.61
Others
131.29
1.51
0.41
27.41
102.37
Total
2,272.21
20.67
5.20
299.09
1,952.45
*
As defined in Section
3(7) of the Insolvency and Bankruptcy Code, 2016.
#
Represents debt that slipped into NPA and was subsequently written off during the half- year ended
September
30, 2026.
^
Excludes other facilities to the borrowers aggregating to
₹
182.49 crore as of September
30, 2026 and
₹
193.59 crore as of March
31, 2026 which have not been restructured.
9
Disclosures on the details of loans transferred / acquired and
co-lending
arrangements during the quarter ended September 30, 2026, as per the Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated
November 28, 2025, are given below:
(i)
Details of
non-performing
assets (NPAs) transferred:
(
₹
in crore except number of accounts)
Particulars
To Asset
Reconstruction
Companies
(ARCs)
To
permitted
transferees
To other
transferees
Number of accounts
—
—
—
Aggregate principal outstanding of loans transferred
—
—
—
Weighted average residual tenor of the loans transferred (in years)
—
—
—
Net book value of loans transferred (at the time of transfer)
—
—
—
Aggregate consideration
—
—
—
Additional consideration realised in respect of accounts transferred in earlier years
2.80
—
—
(ii)
Details of loans not in default transferred through assignment are given below:
Particulars
Value
Aggregate amount of loans transferred
(
₹
in crore)
4,960.74
Weighted average residual maturity (in years)
8.59
Weighted average holding period (in years)
2.41
Retention of beneficial economic interest
10
%
Tangible security coverage
100
%
The loans transferred are not rated as these are to
non-corporate
borrowers.
(iii)
The Bank has not acquired any loans not in default.
(iv)
The Bank has not acquired any stressed loans
(Non-performing
assets and
Special Mention Accounts).
(v)
The Bank has not transferred any Special Mention Accounts.
(vi)
Details of rating-wise distribution of Security Receipts (SRs) held by the Bank at September 30, 2026 are
given below:
(
₹
in crore)
Rating
Rating Agency
Recovery rating
Gross Value of
Outstanding
SRs
RR1
ICRA
100% - 150%
111.15
RR2
India Ratings
75% - 100%
27.26
RR4
India Ratings
25% - 50%
34.78
RR5
India Ratings
Upto 25%
125.47
RR5
CRISIL
Upto 25%
27.34
Unrated
720.00
Total
1,046.00
(vii)
The Bank has not entered into any
co-lending
transactions during the
quarter.
10
Disclosure related to Project Finance for the quarter ended September 30, 2026, as per the Reserve Bank of
India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 is given below:
Item Description
Number of
accounts
Total
outstanding
(
₹
in crore)
1. Projects under implementation accounts at the beginning of the quarter
440
21,509.49
2. Projects under implementation accounts sanctioned during the quarter
139
2,124.48
3. Projects under implementation accounts where DCCO has been achieved during the quarter
103
4,547.82
4. Projects under implementation accounts at the end of the quarter*
469
21,246.56
5. Out of ‘4’ – accounts in respect of which resolution process involving
extension in original / extended DCCO, as the case may be has been invoked
61
3,506.97
5.1. Out of ‘5’ – accounts in respect of which Resolution plan has been
implemented
52
1,885.50
5.2. Out of ‘5’ – accounts in respect of which Resolution plan is under
implementation
9
1,621.47
5.3. Out of ‘5’ – accounts in respect of which Resolution plan has
failed
—
—
6. Out of ‘5’, accounts in respect of which resolution process involving extension in
original / extended DCCO, as the case may be has been invoked due to change in scope and size of the project
2
85.26
7. Out of ‘5’, account in respect of which cost overrun associated with extension in
original / extended DCCO, as the case may be, was funded
—
—
7.1. Out of ‘7’, accounts where SBCF was sanctioned during financial closure and
renewed continuously
—
—
7.2. Out of ‘7’, accounts where SBCF was not
pre-sanctioned
or renewed continuously
—
—
8. Out of ‘4’ – accounts in respect of which resolution process not involving
extension in original / extended DCCO, as the case may be has been invoked
—
—
8.1. Out of ‘8’ – accounts in respect of which Resolution plan has been
implemented
—
—
8.2. Out of ‘8’ – accounts in respect of which Resolution plan is under
implementation
—
—
8.3. Out of ‘8’ – accounts in respect of which Resolution plan has
failed
—
—
*Excludes 7 accounts where repayment was completed prior to the achievement of DCCO, and therefore no
longer form part of the projects under implementation accounts at the end of the quarter.
11
Other income includes commission income from
non-fund
based banking
activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, dividends from subsidiaries and recoveries from accounts previously written off.
12
On June 25, 2025, the Bank’s subsidiary company, HDB Financial Services Limited
(“HDBFS”) launched its initial public offering (“IPO”), comprised of a fresh issuance of equity shares aggregating to
₹
2,500.00 crore and
an offer for sale (“OFS”) of equity shares by the Bank, aggregating to
₹
10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares
of
₹
10/- each of HDBFS at
₹
740/- per share, for a consideration
aggregating to
₹
10,000.00 crore. Consequently, during the half year ended September 30, 2025, the net gain recognised by the Bank on sale of shares under
the OFS was
₹
9,128.40 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026, the net gain recognised by the Bank
on sale of shares under the OFS was
₹
9,179.40 crore (before tax and net of IPO related expenses).
13
Provision for tax for the half year ended September 30, 2025 and year ended March 31, 2026 is net of
write back of provision no longer required of
₹
1,144.46 crore, pursuant to favourable orders received.
14
As intimated to the Stock Exchanges on September 26, 2025, the Bank’s branch at the Dubai
International Financial Centre (“DIFC Branch”) received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority (“DFSA”), prohibiting, amongst other things, the branch from soliciting or
conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank has taken steps to comply
with the directives in the above-referred notice.
The business undertaken at the DIFC Branch is not material to the
Bank’s operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.
15
Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current
period’s classification.
16
₹
10 million =
₹
1 crore
Sashidhar Jagdishan
Place: Mumbai
Managing Director
Date: October 17, 2026
DIN-08614396
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
HDFC Bank Limited
FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026
The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter ended September 30, 2026, at its meeting held
in Mumbai on Saturday, October 17, 2026. The accounts have been subjected to a ‘Limited Review’ by the statutory auditors of the Bank.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended September 30, 2026
The Bank’s net revenue was
₹
484.5 billion for the quarter ended September 30, 2026, as against
₹
459.0 billion for the quarter ended September 30, 2025.
Net interest income (interest earned less interest expended) for the quarter ended September 30, 2026 grew by 9.7% to
₹
346.2 billion from
₹
315.5 billion for the quarter ended September 30, 2025. Net interest margin was at 3.16% on total assets, and 3.32% based
on interest earning assets.
Other income
(non-interest
revenue) for the quarter ended September 30, 2026 was
₹
138.3 billion. The four components of other income for the quarter ended September 30, 2026 were fees &
commissions of
₹
96.9 billion
(
₹
88.4 billion in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of
₹
15.5 billion
(
₹
15.9 billion in the corresponding quarter of the previous year), treasury trading gains of
₹
7.8 billion
(
₹
23.9 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend
of
₹
18.1 billion
(
₹
15.3 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended September 30, 2026 were
₹
189.7 billion, as against
₹
179.8 billion during the corresponding quarter of the previous year. The
cost-to-income
ratio for the quarter was at 39.1%.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
Provisions and contingencies for the quarter ended September 30, 2026 were
₹
35.7 billion. The total credit cost ratio was at 0.44% for the quarter ended September 30, 2026.
Profit before tax (PBT) for the quarter ended September 30, 2026 was at
₹
259.1 billion. Profit after tax (PAT) for the quarter was at
₹
195.1 billion, a growth of 4.7% over the quarter ended September 30, 2025. PAT, excluding treasury trading gains, grew by
approximately 12.6% over the quarter ended September 30, 2025.
Balance Sheet: As of September 30, 2026
Total balance sheet size as of September 30, 2026 was
₹
45,778 billion as against
₹
40,030 billion as of September 30, 2025.
The Bank’s average deposits were
₹
31,664 billion for the September 2026 quarter, a growth of 16.8% over
₹
27,105 billion for the September 2025 quarter, and 5.1% over
₹
30,115 billion for the June 2026 quarter.
The Bank’s average CASA deposits were
₹
9,712 billion for the September 2026 quarter, a growth of 10.7% over
₹
8,770 billion for the September 2025 quarter, and 1.5% over
₹
9,570 billion for the June 2026 quarter.
Total EOP Deposits were at
₹
33,274 billion as of September 30, 2026, an increase of 18.8% over September 30, 2025. CASA deposits grew by 10.8%
with savings account deposits at
₹
7,163 billion and current account deposits at
₹
3,356 billion. Time deposits were at
₹
22,755 billion as of September 30, 2026, an increase of 22.8% over the corresponding quarter of the previous year,
resulting in CASA deposits comprising 31.6% of total deposits as of September 30, 2026.
The Bank’s average advances under management, grossing
up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment were
₹
31,872 billion for the September 2026 quarter, a growth of 14.1% over
₹
27,946 billion for the September 2025 quarter, and a growth of 4.9% over
₹
30,386 billion for the June 2026 quarter.
Gross advances were at
₹
32,195 billion as of September 30, 2026, an increase of 16.3% over September 30, 2025. Advances under management
grew by 15.3% over September 30, 2025. Retail loans grew by 11.7%, small and
mid-market
enterprises loans grew by 23.5% and corporate and other wholesale loans grew by 16.4%. Overseas advances constituted
3.3% of total advances.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
Half Year ended September 30, 2026
For the half year ended September 30, 2026, the Bank earned a total income of
₹
1,894.4 billion as against
₹
1,902.4 billion in the corresponding
period of the previous year. Net revenues (net interest income plus other income) for the half year ended September 30, 2026 were
₹
948.1 billion, as against
₹
990.7 billion for the half year ended September 30, 2025. Profit after tax for the half year ended September 30,
2026 was
₹
385.7 billion, up by 4.8% over the corresponding half year ended September 30, 2025.
Capital Adequacy:
The Bank’s total Capital
Adequacy Ratio (CAR) as per Basel III guidelines was at 18.9% as on September 30, 2026 (20.0% as on September 30, 2025) as against a regulatory requirement of 11.9%. Tier 1 CAR was at 17.2% and Common Equity Tier 1 Capital ratio was at
17.1% as of September 30, 2026. Risk-weighted Assets were at
₹
31,793 billion.
NETWORK
As of September 30, 2026, the
Bank’s distribution network was at 9,706 branches and 20,881 ATMs across 4,177 cities / towns as against 9,545 branches and 21,417 ATMs across 4,156 cities / towns as of September 30, 2025. 50% of the branches are in semi-urban and rural
areas. In addition, the Bank has 14,365 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,10,109 as of September 30, 2026 (as against 2,20,339 as of September 30, 2025).
ASSET QUALITY
Gross
non-performing
assets were at 1.11% of gross advances as on September 30, 2026 (0.87% excluding NPAs in the agricultural segment), as against 1.17% as on June 30, 2026 (0.91% excluding NPAs in the
agricultural segment), and 1.24% as on September 30, 2025 (0.99% excluding NPAs in the agricultural segment). Net
non-performing
assets were at 0.37% of net advances as on September 30, 2026.
KEY SUBSIDIARIES
Amongst the Bank’s key
subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards
(‘Ind-AS’).
The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
HDB Financial Services Ltd (HDBFSL),
is a
non-deposit
taking
NBFC in which the Bank holds a 74.1% stake. For the quarter ended September 30, 2026, HDBFSL’s net revenue was at
₹
31.9 billion. Profit after tax for the quarter ended September 30, 2026 was
₹
7.8 billion compared to
₹
5.8 billion for the quarter ended September 30, 2025, a growth of 34.2%. Profit after tax for the half year ended
September 30, 2026 was
₹
15.7 billion. The total loan book was
₹
1,245 billion as on September 30, 2026. Stage 3 loans were at 2.43% of gross loans. Total CAR was at 21.4% with
Tier-I
CAR at 17.4%.
HDFC Life Insurance Company Ltd (HDFC Life)
, in which the Bank holds a 50.5% stake, is a leading life insurance solutions provider. Profit after tax
for the quarter ended September 30, 2026 was
₹
5.1 billion compared to
₹
4.5 billion for the quarter ended September 30, 2025, a growth of 13.6%. Profit after tax for the half year ended
September 30, 2026 was
₹
11.2 billion.
HDFC ERGO General Insurance Company Ltd (HDFC ERGO)
, in which the Bank holds a 50.2% stake, offers a range of general insurance products. Profit after
tax for the quarter ended September 30, 2026 was
₹
1.6 billion compared to
₹
1.8 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was
₹
3.8 billion.
HDFC Asset
Management Company Ltd (HDFC AMC)
, in which the Bank holds a 52.3% stake, is the Investment Manager to HDFC Mutual Fund, and offers a comprehensive suite of savings and investment products. For the quarter ended September 30, 2026, HDFC
AMC’s Quarterly Average Assets Under Management were approximately
₹
9,691 billion. Profit after tax for the quarter ended
September 30, 2026 was
₹
7.5 billion compared to
₹
7.2 billion for the quarter ended September 30, 2025. Profit after tax for the half year ended September 30, 2026 was
₹
15.9 billion.
HDFC Securities Ltd (HSL),
in which the Bank holds a 93.9% stake, is
amongst the leading broking firms. For the quarter ended September 30, 2026, HSL’s total revenue was
₹
9.6 billion.
Profit after tax for the quarter ended September 30, 2026 was
₹
2.7 billion, as against
₹
2.1 billion for the quarter ended September 30, 2025, a growth of 26.1%. Profit after tax for the half year ended
September 30, 2026 was
₹
5.6 billion.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
CONSOLIDATED FINANCIAL RESULTS AS PER INDIAN GAAP:
The Bank’s consolidated net revenue was
₹
786.9 billion for the quarter ended September 30, 2026. The consolidated profit after tax for the quarter ended September
30, 2026 was
₹
207.0 billion. The consolidated profit after tax for the half year ended September 30, 2026 was
₹
399.4 billion.
Note:
₹
= Indian Rupees
1 crore = 10 million
All figures and ratios are in
accordance with Indian GAAP unless otherwise specified.
BSE: 500180
NSE: HDFCBANK
NYSE: HDB
We have included statements in this report which contain words or phrases such as “will”, “aim”, “will likely result”,
“believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”,
“objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements”. Actual results may
differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market
acceptance of and demand for various banking services, our ability to realize all of the anticipated benefits of the Transaction, future levels of our
non-performing/
impaired assets, our growth and expansion,
the adequacy of our management of credit risks and our provision/allowance for credit and investment losses, technological changes, the adequacy of our information technology and telecommunication systems, including against cybersecurity threats,
negative publicity, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future
impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short term funding sources and our
exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on
net income could materially differ from those that have been estimated.
NEWS RELEASE
HDFC BANK LIMITED,
Sandoz House,
Shivsagar Estate,
Dr. Annie Besant Road, Worli,
Mumbai - 400
018.
CIN: L65920MH1994PLC080618
In addition, other factors that could cause actual results to differ materially from those estimated by
the forward-looking statements contained in this document include, but are not limited to: the war in Iran, involving the United States, Israel and some neighbouring countries, and the geopolitical conflict between Israel and Hamas, which have
complicated the geopolitical landscape and contributed to significant volatility in oil and energy prices; geopolitical tensions between India and Pakistan, with a lingering risk of sudden escalation in military conflict; geopolitical tensions
between India and China; general economic and political conditions; instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in
India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United
States-led
coalition or any other country, such as the joint strike launched by the United States and the
United Kingdom in Yemen following the Houthis group’s attack on international ships in the Red Sea; the ongoing war between Russia and Ukraine; military armament or social unrest in any part of India; the monetary and interest rate
policies of the RBI; natural calamities, pandemics, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally;
compliance with and changes in Indian and foreign laws and regulations, including tax, accounting, banking regulations, insurance regulations and securities regulations; changes in competition and the pricing environment in India; regional or
general changes in asset valuations; and uncertainties arising out of foreign trade and tariff policies followed by major global economies, such as the United States and China.
For more information please log on to:
www.hdfc.bank.in
For media queries please contact:
Madhu Chhibber
Head - Corporate Communications
HDFC Bank Ltd., Mumbai.
Mobile: +91 9833775515
madhu.chhibber@hdfc.bank.in
For investor queries please contact:
Investor Relations
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 6652 1054 (D) / 6652
1000 (B)
investor.relations@hdfc.bank.in
决策记录链 · 只追加
每次领取产生一条记录,重新决策追加一条并以 supersedes 指向被替代的记录(ADR 0014)。
618c8735d6· 2026-10-19 19:52 · doubao / doubao-seed-evolving-latest-version · 策略包658c0c1e2ba5当前