HBHDFC Bank500180Banking

HDFC Bank Q2 results in line with expectations; broad-based growth with margin pressure from FCNR(B) inflows; deputy MD Kaikazad Barucha to step down

By ScoutQuest · Mon 19 Oct 2026, 8:18 AM IST · 1 min read

NII growth YoY

9.73 percent

NII growth QoQ

3.2 percent

PAT growth YoY

4.67 percent

PAT growth QoQ

2 percent

Net interest margin

3.16 percent

Heard on business television between 08:18:50 - 08:21:50 IST.

• Results broadly in line with expectations, broad-based growth across segments
• Deposits supported by FCNR(B) inflows and term deposits; retail disbursements accelerated
• NII up 9.73% YoY, 3.2% QoQ; PAT up 4.67% YoY, 2% QoQ; NIM down 10bps QoQ, 11bps YoY to 3.16%
• Loan growth up 16%, deposits up 19%
• Kaikazad Barucha to step down as deputy MD from 31 Dec 2026 as Anup Bagchi takes over; Jefferies maintained buy with target 880, citing resilient core NIMs and asset quality but flagged management changes ahead

The call above is Jefferies's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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