HDFC BANK LTD. — Q2FY27 earnings call summary

Filed 23 October 2026 · Official transcript

Margin bottomed at 3.32%; upward trajectory expected from Q3 with 70% floating rate loans
Q2 FY27: Deposits grew 18.8% y-y; CASA up 10.8% y-y; retail CASA 11.2% y-y
LCR at 113%, target 110-115%; liquidity comfortable despite LCR fluctuations
GNPA at 1.11%, credit cost 44 bps; ROA steady at 1.8%; PAT Rs 19.5 bn, +12.7% excluding trading gains
FCNR deposits deployed matching loan growth; cost of funds stable at 4.4%
Multiple analyst queries on margin trajectory; management expects improvement from Q3
Total AUM up 15.3% y-y; retail disbursements crossed Rs 90,000 Cr in Q2
Digital and AI initiatives enhanced customer experience and fraud prevention