India's HDFC Bank slips after quarterly profit misses estimates

HDFC Bank

19/10/2026 05:07

** HDFC Bank HDBK.NS shares down 2.1% 
** Co reported 4.7% rise in Q2 profit, slightly missing analyst estimates
** Standalone net profit at 195.10 billion rupees ($2.06 billion) vs 186.41 billion rupees a year earlier
** Lender says its deputy managing director Kaizad Bharucha will step down at the end of December
** Separately, peer ICICI Bank ICBK.NS posts 20.1% rise in Q2 profit, above analyst estimates
** 38 of 40 brokerages rate HDBK "buy" or higher; their median PT is 963 rupees - LSEG-compiled data
** YTD, HDBK down 26% vs ICBK up 4.3%
     
     
($1 = 94.8050 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))