NEW DELHI: HDFC Bank, the country’s largest private bank, posted net profit of Rs 19,221 crore during the fourth quarter of last fiscal, up 9.1% from Rs 17,616 crore last year, while net profit for the full year rose to Rs 74,671 crore from Rs 67,347 crore, an increase of 10.9%.
The Board has recommended a final dividend of Rs 13 per share (Re 1 face value) for FY2026, taking the total payout to Rs 15.50 per share.In the post-earnings call, HDFC Bank MD and CEO said the bank is encouraging interim chairman Kiki Mistry to stay on beyond the three-month period but there are certain processes in place even before recommendations are made to the regulator. Mistry was appointed interim chairman last month following the sudden resignation of former chairman Atanu Chakraborty over conflicts over values and ethics which the bank denied.
Regarding mis-selling, Jagdishan said the concerns stem from a “misperception,” stressing that the bank has had strong guardrails in place since 2015-16 for selling third-party products. These include pre-verification, geo-tagging and video confirmation to ensure customers understand the products and are not coerced, along with clear exceptions that prevent sales to certain segments such as marginal borrowers and senior citizens, he said, adding that the processes are robust and may be publicly disclosed over time.
Meanwhile, ICICI Bank’s full-year net profit crossed the Rs 50,000 crore mark for the first time. The second-largest private bank reported a net profit of Rs 13,701.7 crore for the quarter ended March 31, 2026, up 8.5% from Rs 12,629.6 crore in the same period last year after asset quality improved. Full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227 crore in FY25. The board recommended a cash dividend of Rs 12 per share.
The bank reported net interest income of Rs 22,979.1 crore compared to Rs 21,192.9 crore, an increase of 8.4%. YES Bank reported a net profit of Rs 1,068 crore for the March 2026 quarter, up 44.8% from Rs 738 crore a year earlier, supported by lower credit costs and improved operational performance. For the full year, net profit rose 44.5% to Rs 3,476 crore, while return on assets improved to 0.8% from 0.6% in the previous year.
In his maiden earnings call, the bank’s new Managing Director and CEO Vinay Tonsi outlined a strategy focused on profitability, asset quality and disciplined expansion as the bank benefits from its improved balance sheet and strategic investment by Japan’s SMBC. Tounsi said his initial assessment indicated a “strong alignment of goals between stakeholders” and a bank that had stabilized after a long restructuring phase.
“We will build on what is working well, strengthen areas that require more attention and strive to achieve measured, calibrated and sustainable growth,” the Director-General said.
reconnaissance
How do you feel about Kiki Mistry’s interim chairmanship at HDFC Bank?