HDFC Bank reports muted 4.70% increase in Q2

HDFC Bank reports muted 4.70% increase in Q2 standalone net profit at ₹19,510 cr

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 HDFC Bank reported a muted 4.70 per cent year-on-year (y-o-y) increase in second quarter (Q2FY27) standalone net profit at ₹19,510 crore, with a decent rise in net interest income being offset by decline in other income and increase in tax expense. India’s second largest bank, which logged a net profit of 18,641 crore in the year ago period, reported a robust growth in advances and improvement in asset quality in the reporting quarter. Net interest income (interest income less interest expended) rose 10 per cent y-o-y to ₹34,619 crore (₹31,551.50 crore in Q2FY26). Further, a major shake-up at HDFC Bank, its Deputy Managing Director Kaizad Bharucha has decided to quit, after being passed over for appointment as Managing Director & Chief Executive Officer of India’s largest private sector bank. This comes about a fortnight after RBI approved the Bank’s application for appointment of Anup Bagchi (former Chief of ICICI Life Insurance, who joined HDFC Bank’s board as an Additional Director with effect from October 2, 2026) as its MD & CEO for three years with effect from October 27, 2026. All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24