HDFC Bank on Saturday reported a 4.98 per cent year-on-year (YoY) increase in its standalone net profit for the first quarter of FY27, while its net interest income (NII) also registered healthy growth.
The private lender posted a standalone net profit of Rs 19059,72 crore for the quarter ended June 30, 2026, up from Rs 18155.21 crore in the corresponding quarter last year.
Net interest income (NII), the difference between interest earned and interest paid, rose 7 per cent YoY to Rs 33,534 crore, compared with Rs 31,438 crore in Q1 FY26.
On the asset quality front, gross non-performing assets (GNPAs) stood at 1.17 per cent of gross advances as of June 30, 2026, compared with 1.15 per cent as of March 31, 2026, and 1.40 per cent a year earlier.
Net non-performing assets (NNPAs) were 0.41 per cent of net advances as of June 30, 2026. The bank’s provisions and contingencies for the quarter stood at Rs 30.6 billion, while the total credit cost ratio was 0.40 per cent.
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