HDFC Bank's Q2 profit rises 4.7% to ₹19,510 crore; Bagchi takes over as CEO on 27 October

What happened

• Standalone profit after tax was ₹19,510 crore, up 4.7% from a year earlier, according to BusinessToday, which said growth excluding treasury gains was 12.6%. Treasury trading gains were ₹780 crore against ₹2,390 crore a year earlier.
• Net interest income rose 9.7% to ₹34,620 crore, per BusinessToday; Whalesbook gave it as ₹34,619 crore.
• Gross NPA was 1.11% against 1.17% in June and 1.24% a year earlier, per BusinessToday.
• LatestLY reported that Anup Bagchi becomes managing director and CEO on 27 October and Deputy MD Kaizad Bharucha steps down on 31 December. The shares closed at ₹728.85 on Friday, up 0.28%, per Zerodha Kite, before the results.

Why it matters

The two readings of profit growth differ by a wide margin: 4.7% as reported and 12.6% once treasury gains are set aside, in BusinessToday's figures.

Good to know: Treasury gains are what a bank earns from trading in bonds and other securities it holds. They swing from quarter to quarter, so analysts often strip them out to compare lending profit across periods.

Key facts

Standalone net profit

₹19,510 crore, up 4.7% (per BusinessToday)

Net interest income

₹34,620 crore, up 9.7% (per BusinessToday)

Gross NPA

1.11% (1.24% a year earlier)

Treasury gains

₹780 crore (₹2,390 crore)

Read the source

• HDFC Bank Q2 results: Net profit rises 4.7% to Rs 19,510 crore; key highlightsBusinessToday
• HDFC Bank Q2 Profit Rises 4.7% to Rs 19,510 CroreWhalesbook
• Stocks To Buy or Sell Today, October 19, 2026: HDFC Bank, DLF and PNB Among Shares That May Remain in Spotlight on MondayLatestLY

HDFC Bank in the news before

1. 5 OCT 2026 · MANAGEMENTHDFC Bank names Anup Bagchi MD and CEO for three years from 27 October
2. 4 SEP 2026 · DEALS & FUNDINGRaises nearly $12 billion through FCNR deposits