HDFC Bank expects margins to recover from next quarter
HDFC Bank's outgoing CEO Sashidhar Jagdishan expects net interest margins, which hit a record low in the September quarter, to rise as rates turn upward.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
HDFC Bank expects its net interest margin to recover from the next quarter as the interest rate outlook shifts upward, outgoing managing director and CEO Sashidhar Jagdishan told CNBC-TV18. The margin fell to 3.16% in the September quarter from 3.26% in the June quarter, the lowest level in the bank's history.
Net profit for the September quarter reached 19,510 crore rupees, up 4.7% year on year and in line with estimates. Net interest income rose 9.7% to 34,620 crore rupees, deposits grew 18.8%, and the gross NPA ratio stood at 1.11%. Treasury trading income dropped 67.4% to 780 crore rupees. Excluding it, profit would have grown 12.6%.
Jagdishan said the bank does not depend on any single individual and expressed confidence in continuity. Anup Bagchi takes over as managing director and CEO after Jagdishan's term ends on October 26.
why it matters
For investors, the key question for HDFC Bank remains margin dynamics. Much of its loan book is linked to external benchmarks, so higher rates could support earnings, but the effect is not yet visible in reported figures.
market impact
Indian banks: expected margin recovery at HDFC Bank supports sentiment across the sector
tags
instruments
sources
- HDFC Bank sees margins turning upwards from next quarter, says Sashidhar Jagdishan — cnbctv18.com, 17 October 2026 at 13:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗