HDFC BANK LTD

For the period ended Oct 17, 2026. Filed Oct 19, 2026.

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Oct 17, 2026 · Filed Oct 19, 2026

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Contents

EX-99 · Notes:

Notes:

1	Consolidated statement of Assets and Liabilities is given below:

(₹ in crore)
	As at30.09.2026	As at30.09.2025	As at31.03.2026
Particulars	Unaudited	Unaudited	Audited
CAPITAL AND LIABILITIES
Capital	1541.86	1536.37	1539.34
Employees stock options / units outstanding	5107.81	4183.53	4545.11
Reserves and surplus	601927.19	537607.51	579975.02
Minority interest	23584.23	21016.56	22384.96
Deposits	3324146.36	2798169.83	3099638.29
Borrowings	594143.54	599507.24	588484.55
Other liabilities and provisions	224930.68	209125.38	252977.53
Policyholders’ funds	390459.91	343594.98	358496.04
Total	5165841.58	4514741.40	4908040.84
ASSETS
Cash and balances with Reserve Bank of India	175156.11	133210.73	200707.11
Balances with banks and money at call and short notice	88644.04	43847.14	111218.94
Investments	1356850.48	1250390.77	1280216.29
Advances	3316057.54	2853902.56	3050783.23
Fixed assets	16430.53	15537.75	16491.59
Other assets	212702.88	217852.45	248623.68
Total	5165841.58	4514741.40	4908040.84

2	Consolidated statement of Cashflows is given below:

(₹ in crore)
Particulars · Half year ended · Year ended31.03.2026
	30.09.2026		30.09.2025
Unaudited · Unaudited · Audited
Cash flows from operating activities:
Consolidated profit after tax and minority interest		39944.74		35868.58	76025.97
Add: Provision for income tax		13935.92		10054.52	22921.99
Consolidated profit before income tax and after minority interest		53880.66		45923.10	98947.96
Adjustment for:
Depreciation on fixed assets		2218.68		2061.48	4194.90
(Profit) / loss on revaluation of investments		(3018.64)		(3440.62)	7739.96
Amortisation of premium / (discount) on investments		461.62		379.31	986.17
Profit on sale of fixed assets		(89.68)		(60.52)	(207.91)
Profit on sale of investment in subsidiary		—		(6949.27)	(7000.27)
Provision / charge for non performing assets		6896.31		6973.56	14445.98
Floating provisions		—		9000.00	9000.00
Provision for standard assets and contingencies		1115.53		3621.90	3210.24
Employee stock options / units expense		1117.47		1128.13	2228.30
		62581.95		58637.07	133545.33
Adjustments for:
Increase in investments		(76762.33)		(59467.24)	(102572.73)
Increase in advances		(272277.74)		(135993.25)	(340270.74)
Increase in deposits		224508.07		87271.60	388740.06
Decrease / (Increase) in other assets		32801.08		(5074.33)	(29678.54)
(Decrease) / Increase in other liabilities and provisions		(29182.67)		7937.04	52338.92
Increase in policyholders’ funds		34385.43		23377.42	34060.45
		(23946.21)		(23311.69)	136162.75
Direct taxes paid (net of refunds)		(10549.26)		(8740.82)	(22656.37)
Net cash flow from / (used in) operating activities		(34495.47)		(32052.51)	113506.38
Cash flows from investing activities:
Purchase of fixed assets		(1450.45)		(1385.60)	(3889.97)
Proceeds from sale of fixed assets		129.72		263.00	527.56
Proceeds from sale of investment in subsidiary (net of expenses)		—		9755.00	9806.00
Investment in subsidiaries		—		(80.87)	(80.87)
Net cash flow from / (used in) investing activities		(1320.73)		8551.53	6362.72

(₹ in crore)
Particulars · Half year ended · Year ended31.03.2026
	30.09.2026		30.09.2025
Unaudited · Unaudited · Audited
Cash flows from financing activities:
Increase in minority interest (including issue of ESOPs by subsidiaries)		770.35		698.57	2331.21
Proceeds from issue of share capital		1341.10		3589.34	5108.50
Proceeds from issue of shares through subsidiary IPO (net of issue expenses)		—		2,458.62	2,456.61
Proceeds / (Repayments) of Tier 1 and Tier 2 capital instruments		(10500.39)		400.00	700.00
Proceeds / (Repayments) of other borrowings (net)		15972.74		(36214.34)	(48895.19)
Dividend paid		(20021.05)		(20705.98)	(20705.98)
Net cash flow used in financing activities		(12437.25)		(49773.79)	(59004.85)
Effect of fluctuation in foreign currency translation reserve		127.55		384.74	1113.90
Net increase / (decrease) in cash and cash equivalents		(48125.90)		(72890.03)	61978.15
Cash and cash equivalents at the beginning of the year		311926.05		249947.90	249947.90
Cash and cash equivalents at the end of the period		263800.15		177057.87	311926.05

Cash and cash equivalents includes Cash and balances with Reserve Bank of India and Balances with banks and money at call and short notice.

The above financial results represent the consolidated financial results of HDFC Bank Limited and its subsidiaries including Employee Welfare Trust (‘EWT’) which is consolidated as a subsidiary (together referred to as the “Group” herein). These financial results have been approved by the Board of Directors of the Bank at its meeting held on October 17, 2026. The financial results for the quarter and half year ended September 30, 2026 have been subjected to a “Limited Review” by the joint statutory auditors of the Bank viz. Batliboi & Purohit, Chartered Accountants and B S R & Co. LLP, Chartered Accountants.

These financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards specified under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (“the RBI”) from time to time, the Insurance Regulatory and Development Authority of India (“IRDAI”) to the extent applicable for insurance entities and other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52 read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”) as amended including relevant circulars issued by the SEBI from time to time, to the extent applicable.

The Group has applied significant accounting policies in the preparation of these consolidated financial results consistent with those followed in the annual consolidated financial statements for the year ended March 31, 2026. Any relevant circular / direction issued by the RBI and other regulator(s) is implemented prospectively when it becomes applicable, unless specifically required under that circular / direction.

6	During the quarter and half year ended September 30, 2026, the Bank has allotted 1,72,69,856 and 2,52,29,020 equity shares respectively pursuant to the exercise of options / units under the approved employee stock option schemes / employee stock incentive master scheme.

7	During the half year ended September 30, 2025 and year ended March 31, 2026, the Bank made a floating provision of ₹ 9,000.00 crore in line with the Board approved policy.

On June 25, 2025, the Bank’s subsidiary company, HDB Financial Services Limited (“HDBFS”) launched its initial public offering (“IPO”), comprised of a fresh issuance of equity shares aggregating to ₹ 2,500.00 crore and an offer for sale (“OFS”) of equity shares by the Bank, aggregating to ₹ 10,000.00 crore. Under the OFS, the Bank divested 13,51,35,135 equity shares of ₹ 10/- each of HDBFS at ₹ 740/- per share, for a consideration aggregating to ₹ 10,000.00 crore. In the Consolidated Financials, profit on sale of investment was considered as the difference between the sale consideration and the Bank’s share in the carrying amount of HDBFS’s net assets (to the extent of sale), as of the date of sale. Consequently, during the half year ended September 30, 2026, the net gain recognised by the Bank in the Consolidated Financials, on sale of shares under the OFS was ₹ 6,949.27 crore (before tax and net of estimated IPO related expenses). For the year ended March 31, 2026, the net gain recognised by the Bank on sale of shares under the OFS was ₹ 7,000.27 crore (before tax and net of IPO related expenses).

As intimated to the Stock Exchanges on September 26, 2025, the Bank’s branch at the Dubai International Financial Centre (“DIFC Branch”) received a decision notice dated September 25, 2025 from the Dubai Financial Services Authority (“DFSA”), prohibiting, amongst other things, the branch from soliciting or conducting business with new clients for specified financial services. The prohibition does not affect servicing of existing customers and will remain in place until otherwise amended or revoked in writing by DFSA. The Bank has taken steps to comply with the directives in the above-referred notice.

The business undertaken at the DIFC Branch is not material to the Bank’s operations or its financial position and accordingly no material impact is expected with respect to the overall operations or financial position of the Bank.

10	Other income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, profit and loss (including revaluation) from investments, and recoveries from accounts previously written off.

In accordance with the RBI guidelines, banks are required to make consolidated Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and net stable funding ratio under the Basel III Framework. These disclosures would be available on the Bank’s website at the following link: https://www.hdfc.bank.in/about-us/regulatory-disclosures. The disclosures have not been reviewed by the statutory auditors.

12	Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period’s classification.

13	₹ 10 million = ₹ 1 crore

	Sashidhar Jagdishan
Place: Mumbai	Managing Director
Date: October 17, 2026	DIN-08614396

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