HDFC Bank Q3 net profit up 11.5% to Rs 18,654 crore

MUMBAI: HDFC Bank, Yes Bank and RBL Bank reported improved profitability in the Dec quarter, supported by treasury gains, steady loan growth and lower provisions, even as operating costs rose due to labour code-related expenses.

HDFC Bank posted an 11.5% year-on-year rise in net profit to Rs 18,654 crore in Q3 FY26 from Rs 16,736 crore.

Total income rose 33.4 % to Rs 90,005 crore, led by a 144% jump in treasury profit to Rs 2,228 crore. Net interest income grew over 6% to Rs 32,615 crore and other income increased 16% to Rs 13,254 crore. Asset quality improved, with gross NPAs declining to 1.24% and net NPAs to 0.42%.

The balance sheet crossed Rs 40 lakh crore, with advances up 12% to Rs 28,21,446 crore and deposits up 12% to Rs 28,60,055 crore. The CASA ratio stood at 34%, while the credit-to-deposit ratio was about 99%. The bank said executive director Bhavesh Zaveri will step down after his term ends in April 2026.

Yes Bank reported a net profit of Rs 952 crore for the quarter ended Dec 31, 2025, up 55% year-on-year and 45% sequentially. Excluding a one-time Rs 155 crore gratuity provision under the new labour codes, profit after tax stood at Rs 1,068 crore. Net interest income rose 11% to Rs 2,466 crore, while non-interest income increased 8% to Rs 1,633 crore, including a Rs 555 crore gain from redemption of security receipts. Provisions fell 92% to Rs 22 crore. Deposits rose 5.5% to Rs 2,92,524 crore and advances increased 5% to Rs 2,57,451 crore, with the credit-to-deposit ratio at 88%.

RBL Bank reported a net profit of Rs 214 crore in Q3 FY26, compared with Rs 33 crore a year earlier and Rs 179 crore in the Sept quarter. Profit was impacted by one-off expenses of Rs 32 crore linked to revised wage definitions under the new labour codes. Total income rose to Rs 2,707 crore, up 2% year on year. Net interest income increased 5% to Rs 1,657 crore, while non-interest income stood at Rs 1,050 crore. Deposits grew 12% to Rs 1,19,721 crore and advances rose 14% to Rs 1,03,086 crore, with a credit-to-deposit ratio of about 86%.