HDFC Bank announced robust Q3 FY26 results, with net revenue reaching ₹458.7 billion and net profit at ₹186.5 billion, an 11.5% increase year-over-year. Gross NPAs remained stable at 1.24%. The bank’s Board also noted the upcoming retirement of Executive Director, Mr. Bhavesh Zaveri, effective April 18, 2026. Additionally, it was announced that an IPO for HDB Financial Services Limited has launched, expecting ₹10,000.00 crore.
Q3 FY26 Financial Highlights
HDFC Bank reported a strong financial performance for Q3 FY26, demonstrating solid growth across key metrics:
- Net revenue: ₹458.7 billion, up by 8.9% year-over-year
- Net interest income: ₹326.2 billion, a 6.4% increase year-over-year
- Earnings per share: ₹36.28
The bank maintained a strong capital adequacy ratio of 19.9%.
Balance Sheet Update
As of December 31, 2025, key balance sheet figures include:
- Total balance sheet size: ₹40,890 billion
- Average deposits: ₹27,524 billion, up 12.2% year-over-year
- Gross advances: ₹28,446 billion, up 11.9% year-over-year
Asset Quality
Asset quality remained stable:
- Gross non-performing assets (NPAs): 1.24% of gross advances
- Net NPAs: 0.42% of net advances
Executive Director Retirement
The Board of Directors acknowledged the upcoming retirement of Mr. Bhavesh Zaveri from his position as Executive Director, effective at the close of business hours on April 18, 2026. Mr. Zaveri has requested not seeking re-appointment to explore opportunities outside of the banking sector.
HDB Financial Services IPO
HDFC Bank successfully launched the initial public offering (IPO) of its subsidiary, HDB Financial Services Limited (HDBFS), raising ₹10,000.00 crore through an offer for sale. The bank divested 13,51,35,135 equity shares of HDBFS at ₹740 per share.
Subsidiary Performance
Key subsidiary performances were also highlighted, providing insight into the overall consolidated results:
- HDB Financial Services Ltd (HDBFSL): Q3 FY26 Profit after tax of ₹6.4 billion, up 36.3% year-over-year.
- HDFC Life Insurance Company Ltd: Q3 FY26 Profit after tax of ₹4.2 billion.
- HDFC ERGO General Insurance Company Ltd: Q3 FY26 Profit after tax of ₹2.6 billion.
- HDFC Asset Management Company Ltd (HDFC AMC): Q3 FY26 Profit after tax of ₹7.7 billion.
Source: BSE
