HDFC Bank Reports 2.2% Drop in Quarterly Net Profit Despite Rising Interest Income

India's largest private lender sees mixed financial performance in Q3 FY25, with growing deposits but higher non-performing assets.

HDFC Bank's standalone net profit for Q3 FY25 decreased by 2.2% year-on-year to ₹16,735.5 crore, down from ₹16,372.54 crore in the same period last year.
Net interest income (NII) rose by 7.6% to ₹30,655 crore, reflecting growth in core banking income despite challenges in lending activity.
Gross non-performing assets (GNPAs) increased to 1.42% from 1.36% in the previous quarter, signaling a decline in asset quality.
The bank's deposit base grew by 15.8% year-on-year to ₹25.6 lakh crore, while advances saw modest growth of 1.3% to ₹25.18 lakh crore.
HDFC Bank shares experienced a slight uptick, trading at ₹1,671.90 on the NSE, though they have declined by 8.62% over the past month.