HDFC Bank stock: Asset quality improves to 1.11 percent in Q2 results

Published on 10/21/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net interest income rose 9.70 percent in the September quarter. HDFC Bank stock costs EUR 20.30 on October 21, 2026 at 3:41 p.m. CEST.

HDFC Bank operating picture

Net interest income rose 9.70 percent to INR 346.20 billion in the quarter ended September 30, 2026.
Gross nonperforming assets measured 1.11 percent of advances on September 30, 2026.
HDFC Bank stock costs EUR 20.30 at Lang & Schwarz on October 21, 2026 at 3:41 p.m. CEST.

HDB, US40415F1012, Illustration mit AI erstellt.

HDFC Bank's gross nonperforming asset ratio fell to 1.11 percent of advances for the quarter ended September 30, 2026, from 1.24 percent a year earlier, according to StockTitan. HDFC Bank stock was at EUR 20.30 at Lang & Schwarz on October 21, 2026 at 3:41 p.m. CEST.

Core income grew 9.70 percent

Standalone net interest income increased 9.70 percent year over year to INR 346.20 billion in the quarter ended September 30, 2026. Standalone net profit reached INR 195.10 billion, up 4.70 percent from the same quarter a year earlier, while consolidated profit was INR 207.00 billion, the filing said.

The results were approved on October 17, 2026, and covered the quarter and half-year ended September 30, 2026. Net revenue reached INR 484.50 billion, compared with INR 459.00 billion in the corresponding quarter of 2025.

Deposits expanded faster than profit

End-of-period deposits rose 18.80 percent year over year to INR 33.27 trillion on September 30, 2026, while gross advances increased 16.30 percent to INR 32.20 trillion. Time deposits grew 22.80 percent, whereas current account and savings deposits rose 10.80 percent and represented 31.60 percent of total deposits.

The net interest margin was 3.16 percent on total assets in the September quarter, down from 3.26 percent in the June quarter. The capital adequacy ratio stood at 18.87 percent on September 30, 2026, leaving a substantial cushion over the stated regulatory requirement of 11.90 percent.

Valuation and market position

HDB had a market capitalization of USD 116.7 billion and a P/E ratio of 13.63 as of October 21, 2026. Its 52-week range was USD 21.71 to USD 37.45, while the latest NYSE quote was USD 22.75 at 2:00 p.m. UTC on October 21, 2026. MarketBeat identified the listing as NYSE:HDB and cited a consensus price target of USD 26.10.

Analyst coverage also remained active. Moneycontrol reported on October 19, 2026 that Anand Rathi retained a Buy recommendation with an INR 966 price target.

What the margin says

The September figures point to a split operating picture. Loan and deposit growth remained in double digits, but the 3.16 percent net interest margin was below the June level, while profit growth was slower than the expansion in net interest income.

Stock position and next steps

HDFC Bank's next major investor reference is the September quarter and half-year report approved on October 17, 2026. The results combine 4.70 percent profit growth with a 1.11 percent gross nonperforming asset ratio and 18.87 percent capital adequacy.

The further course of trading is shown by the continuously updated real-time quote of HDB stock.