HDFC Bank has reported a 9 per cent year-on-year increase in standalone net profit at Rs 19,221 crore for Q4FY26, compared to Rs 17,616 crore in the same period last year, supported by growth in other income and a decline in loan loss provisions amid improving asset quality.
For the full year, the Bank’s net profit rose 10.9 per cent to Rs 74,670 crore in FY26 from Rs 67,347 crore in FY25. The Board of Directors also recommended a final dividend of Rs 13 per equity share of Rs 1, taking the total dividend for the year ended March 31, 2026, to Rs 15.50.
During the quarter, net interest income increased by 3 per cent year-on-year to Rs 33,082 crore, while other income rose around 10 per cent to Rs 13,199 crore. Loan loss provisions declined 21 per cent year-on-year to Rs 2,610 crore.
Asset quality showed improvement, with the gross non-performing assets ratio declining to 1.15 per cent of gross advances as at March-end 2026 from 1.33 per cent a year earlier. Net NPA also improved to 0.38 per cent from 0.43 per cent.
Commenting on recent developments, Sashidhar Jagdishan, Managing Director and CEO, HDFC Bank, said, “In fact, all of you know that we witnessed a very unprecedented event in March. But its strength and resilience were seen with stable and strong deposit flows.”
He added that statements from the Government of India, the Reserve Bank of India, and SEBI supported the Bank during the period.
On governance matters, he noted that the legal review regarding the resignation of Part-Time Chairman Atanu Chakraborty is currently in progress, and the Bank will share a summary once available.
Addressing leadership updates, the Bank indicated that the nomination and remuneration committee and the Board will take a collective decision regarding the appointment of a new Part-Time Chairman. On the re-appointment of the Managing Director and CEO, whose term ends in October 2026, the matter will be taken up in due course.
Referring to regulatory matters, the Bank stated that the complaint related to alleged mis-selling of AT-1 bonds to NRIs in Dubai falls outside India’s jurisdiction, as per observations of the National Consumer Disputes Redressal Commission.
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