HDFC Bank Reports 9.1% Increase in Q4 Profit, Reaching Rs 19.2k Crore
HDFC Bank, India’s largest private lender, has reported a net profit of ₹19,221 crore for the fourth quarter of the last financial year, marking a 9.1% increase from ₹17,616 crore in the same period last year. For the entire fiscal year, the bank’s net profit rose to ₹74,671 crore, up 10.9% from ₹67,347 crore. The bank’s board has proposed a final dividend of ₹13 per share, bringing the total payout to ₹15.50 per share. Additionally, the bank is navigating leadership changes following the resignation of former chairman Atanu Chakraborty, while addressing concerns regarding the sale of third-party products.
Leadership Changes and Future Outlook
In a recent earnings call, HDFC Bank’s Managing Director and CEO, Sashi Jagdishan, expressed support for interim chairman Keki Mistry, who was appointed after the unexpected resignation of Atanu Chakraborty. Chakraborty stepped down due to alleged conflicts over values and ethics, which the bank has denied. Jagdishan emphasized that Mistry’s continuation in the role is contingent on regulatory processes. The bank is keen on maintaining stability during this transitional period, as it seeks to uphold its strong market position.
Addressing Mis-selling Concerns
During the earnings call, Jagdishan addressed concerns regarding the mis-selling of third-party products, which he attributed to a “wrong perception.” He reassured stakeholders that HDFC Bank has implemented stringent measures since 2015-16 to prevent such issues. These measures include pre-verification processes, geotagging, and video confirmations to ensure customers fully understand the products they are purchasing. Additionally, the bank has established clear exclusions to prevent sales to vulnerable segments, such as marginal borrowers and very senior citizens. Jagdishan indicated that the bank’s robust processes may be disclosed publicly in the future to enhance transparency.
Performance of Other Major Banks
In related news, ICICI Bank has also reported significant financial growth, with its full-year net profit surpassing ₹50,000 crore for the first time. The bank’s net profit for the quarter ending March 31, 2026, reached ₹13,701.7 crore, an 8.5% increase from ₹12,629.6 crore in the previous year. The full-year net profit rose by 6.2% to ₹50,146.6 crore from ₹47,227 crore. ICICI Bank’s board has recommended a dividend of ₹12 per share, reflecting its strong financial performance and improved asset quality.
YES Bank’s Strategic Focus
YES Bank has also shown impressive growth, reporting a net profit of ₹1,068 crore for the March 2026 quarter, a remarkable 44.8% increase from ₹738 crore a year earlier. This growth is attributed to lower credit costs and enhanced operating performance. For the full year, YES Bank’s net profit rose 44.5% to ₹3,476 crore, with a return on assets improving to 0.8% from 0.6% in the previous year. In his first earnings call, new MD and CEO Vinay Tonse outlined a strategic focus on profitability, asset quality, and disciplined expansion, aiming to leverage the bank’s improving balance sheet and strategic investments. Tonse expressed confidence in the bank’s stability and commitment to sustainable growth.
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