India’s largest lender, HDFC Bank, disclosed an 8.04% increase in its consolidated net profit for the January–March quarter, reaching Rs 20,350.76 crore compared to Rs 18,834.88 crore a year earlier. The bank’s interest income for the quarter was Rs 87,182.50 crore, slightly higher than the previous quarter and the same period last year. On a standalone basis, the net interest income rose by 3.2% to Rs 33,082 crore from the previous year.
Total income for the March quarter was reported at Rs 1.16 lakh crore, showing a sequential decline from the preceding quarter but an increase from the year-ago period. Operating profit also saw an uptick to Rs 31,111.68 crore, up from the previous quarter and the corresponding quarter last year. Despite this, operating expenses rose to Rs 40,587.82 crore compared to a year ago.
HDFC Bank noted an increase in gross advances to Rs 29,60,000 crore as of March 2026, with retail loans dominating the portfolio at Rs 16,14,900 crore. The bank highlighted growth in mortgages, personal loans, auto loans, and gold loans. Additionally, the small and mid-market segment witnessed advances rising to Rs 6,31,600 crore, while corporate and wholesale loans grew to Rs 8,10,800 crore.
The bank also addressed the resignation of its former part-time Chairman and Independent Director, Atanu Chakraborty, who cited misalignment with personal values and ethics as reasons for stepping down. Chakraborty clarified that his resignation was not linked to any misconduct within the bank but rather a difference in ideologies. HDFC Bank’s shares closed flat at Rs 800 on the NSE.
