HDFC Bank Announces ₹13 Dividend | Q4 FY26 Results Profit Jumps 9%

India's largest private sector bank delivers steady Q4 performance — NII up 3.2%, deposits surge 14.4%, asset quality at multi-year best

Quick Facts at a Glance

Metric	Value
Net Profit (Q4 FY26)	₹19,221 crore
PAT Growth (YoY)	+9.1%
Final Dividend	₹13 per share
Total FY26 Dividend	₹15.50 per share
GNPA Ratio	1.15%
Capital Adequacy Ratio	19.71%
Record Date (Dividend)	June 19, 2026

Overview: A Quarter of Steady Delivery

India's largest private sector lender, HDFC Bank, reported its financial results for the quarter and year ended March 31, 2026, on Saturday, April 18, 2026. The results delivered broadly in-line to slightly-better-than-expected numbers, demonstrating resilience in core banking operations despite a challenging macro backdrop of global trade uncertainties and geopolitical pressures in West Asia.

The bank's net profit jumped to ₹19,221.05 crore for Q4 FY26 compared to ₹17,616.14 crore in the same quarter last year — a rise of 9.1% year-on-year. Net Interest Income (NII) rose 3.2% to ₹33,081.57 crore in Q4 FY26, compared to ₹32,065.80 crore in the same quarter last year.

The bank's total balance sheet crossed the ₹43 lakh crore milestone, growing to ₹43,64,886 crore as of March 31, 2026, up from ₹39,10,199 crore a year ago.

Key Highlight: HDFC Bank also approved raising up to ₹60,000 crore through bonds over the next 12 months to support growth and infrastructure financing.

Q4 FY26: Key Financial Results

Metric	Q4 FY26	Change
Net Profit (PAT)	₹19,221 crore	+9.1% YoY
Net Interest Income (NII)	₹33,082 crore	+3.2% YoY
Net Interest Margin (NIM)	3.38% (total assets)	3.53% (int. earning assets)
Total Income	₹89,809 crore	~flat YoY
Pre-Provision Operating Profit	₹27,803 crore	+4.8% YoY
Provisions & Contingencies	₹2,610 crore	-18% YoY
Cost-to-Income Ratio	39.9%	Improving
Return on Assets (RoA)	1.96%	Quarterly
Return on Equity (RoE)	14.1%	Quarterly
EPS (Standalone)	₹12.5 per share	Q4 FY26

For the full financial year, the bank reported FY26 credit growth of 12% and deposit growth of 14.4%, alongside an 11% rise in net income and 10% growth in earnings per share.

Balance Sheet Highlights

Advances (Loans)

Gross advances rose 12.0% year-on-year to approximately ₹29,60,000 crore as of March 31, 2026. Retail loans grew 6.5%, Small & Mid-Market Enterprise (SME) loans surged 17.2%, and corporate & wholesale loans grew 13.0%.

Management reiterated its focus on "responsible growth" at a time when system credit growth was running faster at about 13.5% to 13.9%.

Deposits

Total deposits grew a strong 14.4% year-on-year to approximately ₹31,05,250 crore, comfortably outpacing loan growth.

• Average deposits grew 12.8% YoY and 3.6% QoQ
• CASA ratio stood at a healthy 34.1%
• Time deposits grew 15.5% YoY
• Incremental deposits under ₹3 crore rose to 47% from 31% — a shift management presented as supportive for granularity and stability

Management Commentary: The improvement in deposit granularity was highlighted as one of the most important operational achievements of FY26. Smaller retail deposits are structurally stickier and lower-cost, providing the bank with a more resilient funding base.

Dividend Announcement: ₹15.50 Total for FY26

In a significant reward for shareholders, the board declared a generous payout for the year.

Dividend Breakdown:

• Special Interim Dividend (already paid): ₹2.50 per equity share, paid on August 11, 2025
• Final Dividend Recommended: ₹13.00 per equity share for the year ended March 31, 2026, subject to approval by shareholders at the forthcoming AGM
• Total FY26 Dividend: ₹15.50 per equity share
• Record Date: Friday, June 19, 2026

Shareholders holding HDFC Bank stock as of June 19, 2026, will be eligible for the final dividend payout.

Technology & Digital: $1 Billion Invested

Management disclosed that the bank has spent about $1 billion on technology and built an AI platform with five use cases in production and 14 in development.

Around 97% of the active clients utilised the services offered through the company's digital platforms. This underscores the growing importance of HDFC Bank's digital infrastructure as a long-term competitive moat in Indian retail banking.

Subsidiary Performance

Subsidiary	Q4 FY26 Highlight
HDB Financial Services	PAT up 41.4% YoY to ₹750 crore
HDFC Life Insurance	Q4 PAT at ₹500 crore
HDFC AMC	AAUM ~₹9.27 lakh crore; Q4 PAT ₹620 crore
HDFC Life (Insurance)	4.7% overall market share; 6.8% private sector

Analyst Views & Market Reaction

Deposit momentum outpacing loan growth is excellent — it improves the loan-to-deposit ratio and reduces reliance on expensive borrowings. The 9% profit growth with lower credit costs shows cost discipline and steady core operations.

Key positives cited by the Street:

• Asset quality improvement across all metrics
• Provisions declining 18% YoY — a material earnings quality tailwind
• Deposits growing faster than loans for the second consecutive year
• Healthy dividend payout maintaining HDFC Bank's shareholder-friendly track record

Key monitorables for FY27:

• NIM compression is visible — NII grew only 3.2% despite 12% loan growth
• Corporate governance: results announced after the resignation of Part-time Chairman Atanu Chakraborty in mid-March 2026
• Regulatory issues related to the Dubai branch
• MSME segment stress pockets remain on watch

Share Price: HDFC Bank share price was trading at ₹794.80 on the NSE, with a 52-week high of ₹1,020.50 and a 52-week low of ₹726.65. The stock offers a dividend yield of approximately 1.38%.

Frequently Asked Questions

Q.1 What was HDFC Bank's net profit in Q4 FY26?

HDFC Bank reported a standalone net profit of ₹19,221 crore for Q4 FY26 (January–March 2026), a growth of 9.1% year-on-year.

Q.2 What dividend has HDFC Bank declared for FY26?

The board recommended a final dividend of ₹13 per equity share. Combined with the ₹2.50 special interim dividend already paid in August 2025, the total FY26 dividend works out to ₹15.50 per share, subject to shareholder approval at the AGM.

Q.3 What is the record date for HDFC Bank's dividend?

The record date is Friday, June 19, 2026. Investors must hold shares as of this date to be eligible for the final dividend.

Q.4 What is HDFC Bank's GNPA ratio as of March 2026?

The GNPA ratio improved to 1.15% (from 1.33% a year ago). Excluding the agricultural segment, the GNPA ratio was an even cleaner 0.91%.

Q.5 How did deposits and loans grow in Q4 FY26?

Total deposits grew 14.4% YoY to ~₹31.05 lakh crore. Gross advances grew 12% YoY to ~₹29.60 lakh crore. Deposits deliberately outpaced loans as part of management's CD ratio improvement strategy.

Q.6 What is HDFC Bank's Capital Adequacy Ratio?

HDFC Bank's CAR stands at 19.71%, with CET-1 at 17.3% — well above the regulatory minimum of 11.9%.