Q3 2026 HDFC Bank Ltd Earnings Call Transcript
Key Points
- HDFC Bank Ltd (HDB) reported a net profit after tax of INR 187 billion, marking an 11.5% increase over the prior year.
- The bank's total deposits grew by 11.6% year-on-year, reaching INR 28.6 trillion.
- Net interest income for the quarter was INR 326 billion, contributing to 71% of net revenues and showing a growth of 6.4%.
- The bank added 71 branches in the quarter, expanding its distribution network significantly.
- HDFC Bank Ltd (HDB) maintained a strong capital adequacy ratio of 19.9%, with a CET1 ratio of 17.4%.
- The bank's CD ratio was high at 98.7%, indicating a potential risk of liquidity constraints.
- Net trading mark-to-market income decreased significantly to INR 9 billion from INR 24 billion in the prior quarter.
- The GNPA ratio remained flat at 1.24% compared to the prior quarter, indicating persistent asset quality challenges.
- Operating expenses increased by 5.1% over the prior year, potentially impacting profitability.
- The bank's CASA growth was slower compared to previous quarters, which could affect future funding costs.
Ladies and gentlemen, good day, and welcome to HDFC Bank Limited Q3 FY26 earnings conference call on the financial results presented by the management of the HDFC Bank. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. Thank you, and over to Mr. Vaidyanathan.
Okay, thank you. Good evening and a warm welcome to all the participants. As we begin to review our earnings for December quarter, I would like to briefly give an overview of the current macroeconomic environment, which overall was providing stable to positive operating environment. High-frequency indicators suggest considerable improvement in consumption demand.
Growth was also well-supported by lower interest rates, higher government spending, front-loading of exports to US, and sustained momentum in service exports. Looking at certain key high-frequency indicators, RBI showing improved over prior
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