HDFC Bank Reports Q2 2027 Earnings with Strong Retail Growth
HDFC Bank reported strong second-quarter results for fiscal year 2027, driven by robust retail disbursements and deposit growth. The bank recorded a 18.8% increase in deposits year-over-year, partly due to special foreign currency swap programs. Total assets under management grew by 15.3%, with leverage from non-resident deposits contributing positively. The bank's quarterly profit after tax reached INR 195 billion, showing growth of 12.7% excluding trading gains. Gross Non-Performing Assets (NPA) decreased to 1.11%. The Net Interest Margin stood at 3.32%, affected by faster asset repricing and lagging cost of funds in a declining rate environment. HDFC Bank also added 1.7 million new liability relationships during the quarter, up from the previous one. Business banking loan growth reached 23.5% year-over-year, while credit card issuances increased by 19%. The bank maintained its Return on Assets at a consistent level of 1.8%, in line with historical performance.
Tickers: $HDB
Topics: Banking Corporate Finance Non-Performing Assets Retail Banking
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