HDFC Bank Q3 Profit Rises Over 11% Amid Stable Asset Quality; IDBI Bank Reports Modest Gain

HDFC Bank reported an 11.4-12.2% year-on-year rise in standalone net profit to approximately Rs 18,654 crore for Q3 FY26, driven by a 6.4% increase in net interest income to around Rs 32,600 crore and stable asset quality. Consolidated profit rose about 12% to Rs 19,807 crore. The bank's total income grew nearly 3%, with controlled funding costs and a net interest margin of 3.35%. Implementation of new labour codes added Rs 800 crore in expenses. IDBI Bank also posted a 1.4% profit increase to Rs 1,935 crore, despite a decline in net interest income and slight improvement in asset quality.