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Classification - Confidential Classification - Confidential Q2FY27 Earnings October 17, 2026 Presentation
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HDFC Bank Presentation Q2 FY2027 2 Key performance metrics for Q2 FY27 ➢ Deposits; average YoY ↑ ₹ 4.56 tn (16.8%) ; EOP YoY ↑ ₹ 5.26 tn (18.8%) ✓ Average deposits QoQ ↑ ₹ 1.55 tn (5.1%) ; EOP QoQ ↑ ₹ 1.57 tn (4.9%) ✓ Average CASA QoQ ↑ ₹ 0.14 tn (1.5%) ; EOP QoQ ↑ ₹ 0.27 tn (2.6%) ✓ Average time deposits QoQ ↑ ₹ 1.41 tn (6.9%) ; EOP QoQ ↑ ₹ 1.30 tn (6.1%) ➢ AUM; average YoY ↑ ₹ 3.93 tn (14.1%) ; EOP YoY ↑ ₹ 4.39 tn (15.3%) ✓ Average AUM; QoQ ↑ ₹ 1.49 tn (4.9%) ; EOP QoQ ↑ ₹ 1.80 tn (5.8%) ➢ Gross Advances; average YoY ↑ ₹ 4.35 tn (16.2%) ; EOP YoY ↑ ₹ 4.50 tn (16.3%) ✓ Average Gross Advances; QoQ ↑ ₹ 1.54 tn (5.2%) ; EOP QoQ ↑ ₹ 1.59 tn (5.2%) ➢ Asset quality continues to remain stable; GNPA ratio at 1.11%; ex-agri at 0.87% ➢ PAT for the quarter ₹ 195 bn; RoA of 1.78%; RoE of 13.5%; Standalone EPS ₹ 12.7 for the quarter
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HDFC Bank Presentation Q2 FY2027 3 Key financial parameters for Q2 FY27 Average deposits at ₹ 31,664 bn, ↑16.8% YoY ; ↑5.1% QoQ Average advances under management at ₹ 31,872 bn, ↑14.1% YoY ; ↑4.9% QoQ Net interest margin of 3.16% ^ Net interest margin (IEA) of 3.32%* Core cost-to-income ratio of 39.1% Gross NPA at 1.11%, ex-agri 0.87% Profit after tax of ₹ 195 bn, EPS for the quarter ₹ 12.7 Return on assets of 1.78% Capital adequacy ratio at 18.9% of which CET1 at 17.1% Standalone Indian GAAP figures (bn = Billion); ₹ = Rupees; ^based on total assets, *based on interest earning assets STANDALONE
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HDFC Bank Presentation Q2 FY2027 4 STANDALONE Income statement Certain figures reported above will not add-up due to rounding P&L (₹ bn) Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY Net interest income 315.5 335.3 346.2 3.2% 9.7% Non-interest income 143.5 128.2 138.3 7.9% (3.6%) Net revenue 459.0 463.6 484.5 4.5% 5.6% Operating expenses 179.8 181.9 189.7 4.3% 5.5% Provisions 35.0 30.6 35.7 16.8% 2.1% Profit before tax 244.2 251.1 259.1 3.2% 6.1% Profit after tax 186.4 190.6 195.1 2.4% 4.7% Profit after tax (Excl. Treasury Trading gains) 168.1 187.4 189.3 1.0% 12.6%
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HDFC Bank Presentation Q2 FY2027 5 STANDALONE Abridged balance sheet Certain figures reported above will not add-up due to rounding Balance sheet (₹ bn) Sep'25 Jun'26 Sep'26 QoQ YoY Net Advances 27,464 30,373 31,956 1,583 4,492 Investments 8,743 9,194 9,240 46 497 Government & debt securities 8,533 8,979 9,019 40 486 Equity & other securities 210 215 221 6 11 Cash & equivalent 1,652 2,236 2,503 267 851 Fixed & other assets 2,171 2,172 2,079 (93) (92) Total assets 40,030 43,975 45,778 1,803 5,748 Deposits 28,018 31,708 33,274 1,566 5,256 Borrowings 5,096 4,618 4,890 272 (206) Equity & reserves 5,224 5,831 5,843 12 619 Other liabilities 1,692 1,818 1,771 (47) 79 Total liabilities & equity 40,030 43,975 45,778 1,803 5,748
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HDFC Bank Presentation Q2 FY2027 6 118% 115% 115% 118% 119% 118% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 NSFR 124% 120% 116% 114% 115% 113% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Average LCR Capital and liquidity metrics Capital adequacy Liquidity ratios 19.9% 20.0% 19.9% 19.7% 19.6% 18.9% 17.8% 17.9% 17.8% 17.7% 17.8% 17.2% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Total Capital Tier 1 Capital
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HDFC Bank Presentation Q2 FY2027 7 27,641 28,018 28,601 31,053 31,708 33,274 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 BUSINESS GROWTH Growth in deposits EOP DepositsAverage Deposits ₹ bn₹ bn 18.8% 4.9% 26,576 27,105 27,524 28,511 30,115 31,664 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 16.8% 5.1%
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HDFC Bank Presentation Q2 FY2027 8 27,820 28,688 29,460 30,573 31,272 33,074 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 27,423 27,946 28,641 29,644 30,386 31,872 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 BUSINESS GROWTH Growth in advances EOP advances under managementAverage advances under management ₹ bn₹ bn 15.3% 5.8%4.9 % 14.1%
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HDFC Bank Presentation Q2 FY2027 9 2,980 2,964 2,995 3,545 3,245 3,356 6,390 6,527 6,617 7,058 7,008 7,163 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 CA SA 82% 83% 83% 82% 80% 80% 18% 17% 17% 18% 20% 20% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Retail branch Wholesale HIGH QUALITY DEPOSIT FRANCHISE Retail branch driving deposits Average Retail / Wholesale Proportion of CASA deposits ₹ bn CASA % 34% 34% 34% 34% 32% 32% Time deposits EOP ; QoQ ↑ ₹ 1.30 tn (6.1%) : YoY ↑ ₹ 4.23 tn (22.8%) 10.8% Retail branch Wholesale 2.6%
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HDFC Bank Presentation Q2 FY2027 10 Advances Mix (new format) Description PL AL/TW Payments Agri Other retail 28% 22% 15% 16% 19% PL AL/TW Payments Agri Other retail LOAN BOOK Mix across segments Advances mix Composition of retail assets Certain figures reported above will not add-up due to rounding Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification. Sep’26 Loans (₹ bn) Sep'25 Jun'26 Sep'26 QoQ YoY Retail 15,554 16,315 17,378 6.5% 11.7% Mortgage 8,565 9,005 9,205 2.2% 7.5% Retail Assets 6,989 7,310 8,173 11.8% 16.9% Small and mid-market 5,718 6,556 7,061 7.7% 23.5% Business Banking 4,107 4,823 5,259 9.0% 28.1% Commercial Transportation 1,612 1,733 1,802 4.0% 11.8% Corporate & other wholesale 7,416 8,401 8,635 2.8% 16.4% Advances under management 28,688 31,272 33,074 5.8% 15.3% IBPC/BRDS/Securitisation (997) (664) (879) 32.3% (11.8%) Gross Advances 27,692 30,608 32,195 5.2% 16.3% Retail AUM Mix 54% 52% 53% * *Q2 FY27 Retail Assets include FCNR leverage loans of ₹ 548 bn, excluding which the growth would be 9.1% YoY & 4.3% QoQ
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HDFC Bank Presentation Q2 FY2027 11 7.9% 7.1% 7.4% 9.1% 11.3% Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 LOAN BOOK Retail Assets and Business Banking YoY growth Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification. Retail Assets (excluding Agri, Payments and FCNR Leverage Loans) Accelerating Year on Year growth Business Banking 19.4% 19.8% 20.0% 22.3% 28.1% Sep'25 Dec'25 Mar'26 Jun'26 Sep'26
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HDFC Bank Presentation Q2 FY2027 12 BUILDING FRANCHISE STRENGTH Branch expansion and vintage Branch network Branch vintage mix Distribution strength enables reach for customer engagement #s Certain figures reported above will not add-up due to rounding YoY QoQ 28% 28% 29% 29% 29% 29% 21% 21% 21% 21% 21% 21% 34% 33% 33% 33% 33% 33% 17% 17% 17% 17% 17% 17% 9,499 9,545 9,616 9,689 9,694 9,706 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Metro Urban Semi-Urban Rural YoY 648 453 473 234 195 161 QoQ 44 46 71 73 5 12 19% 23% 12% 24% 22% 0-3 years 3-5 years 5-10 years 10-15 years 15 years and above Sep’26
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HDFC Bank Presentation Q2 FY2027 13 71% 69% 71% 71% 72% 71% 29% 31% 29% 29% 28% 29% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Net Interest Income Non Interest Income YoY QoQ 532 459 459 463 464 485 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 STANDALONE Net revenues Net revenue Net revenue mix ₹ bn YoY 31% 10% 9% 5% (13%) 6% QoQ 21% (14%) (0%) 1% 0% 5% ^excluding prior year transaction gains (HDBFS), certain provisions and tax credit, YoY growth is 5% * excluding transaction gains, YoY growth is 9% & QoQ growth is flat * # # excluding transaction gains ^
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HDFC Bank Presentation Q2 FY2027 14 3.4% 3.3% 3.4% 3.4% 3.3% 3.2% 3.5% 3.4% 3.5% 3.5% 3.4% 3.3% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 NIM NIM (IEA) YoY QoQ 314 316 326 331 335 346 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 STANDALONE Net interest income Net interest margin (NIM) Net interest income IEA: Interest Earning Assets ₹ bn YoY 5% 5% 6% 3% 7% 10% QoQ (2%) 0% 3% 1% 1% 3% 3.16% Certain figures reported above will not add-up due to rounding
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HDFC Bank Presentation Q2 FY2027 15 STANDALONE Yield on assets and cost of funds Yield on assets and cost of funds Key Balance Sheet Mix Certain figures reported above will not add-up due to rounding Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification. 8.1% 7.8% 7.8% 7.8% 7.7% 7.6% 4.8% 4.6% 4.5% 4.4% 4.4% 4.4% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Yield on Assets Cost of Funds (incl. Shareholders' Funds) Particulars Sep'23 Mar'24 Mar'25 Mar'26 Jun'26 Sep'26 AUM Mix Retail 53% 54% 55% 53% 52% 53% Mortgage 29% 30% 30% 29% 29% 28% Retail Assets 24% 24% 25% 24% 23% 25% Small and mid-market 17% 18% 19% 21% 21% 21% Business Banking 12% 12% 13% 15% 15% 16% Commercial Transportation 5% 5% 6% 6% 6% 5% Corporate & other wholesale 30% 28% 26% 26% 27% 26% CASA ratio 38% 38% 35% 34% 32% 32% Borrowings as a % of Total Liabilities 21% 18% 14% 11% 11% 11%
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HDFC Bank Presentation Q2 FY2027 16 76 88 92 92 85 97 16 16 14 15 13 16 101 24 9 8 4 8 24 15 17 17 27 18 217 144 133 132 128 138 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Fees & Commissions FX & Derivative income Treasury Trading gains Other Miscellaneous income STANDALONE Other income Other income Fee income mix ₹ bn Certain figures reported above will not add-up due to rounding ^ excluding prior year transaction gains (HDBFS),YoY growth is 2% * excluding transaction gains, YoY growth is 18% & QoQ growth is 5% YoY 104% 25% 16% 10% (41%) (4%) QoQ 81% (34%) (8%) (0%) (3%) 8% 22% 24% 23% 25% 21% 24% 19% 19% 19% 20% 20% 21% 36% 34% 35% 32% 36% 32% 17% 16% 17% 17% 16% 15% 6% 7% 6% 6% 7% 8% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Third Party Products Retail / Small and mid-market Payments Retail liabilities Wholesale * ^
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HDFC Bank Presentation Q2 FY2027 17 1.9% 1.9% 1.9% 1.9% 1.8% 1.7% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Cost to assets STANDALONE Operating expenses Operating expenses Cost efficiency ₹ bn # including transaction gains cost to income would be 32.8% ^ Certain figures reported above will not add-up due to rounding 39.6% 39.2% 39.2% 39.9% 39.2% 39.1% Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Cost to income ratio # Q3 Dec’25 excludes estimated impact of employee benefits under new labour code 62 65 64 63 64 68 113 115 116 122 118 122 174 180 180 185 182 190 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Staff costs Other operating expenses
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HDFC Bank Presentation Q2 FY2027 18 1.0% 1.2% 1.2% 1.2% 1.2% 1.1% 0.4% 0.4% 0.4% 0.4% 0.4% Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 GNPA NNPA RISK MANAGEMENT Resilient asset quality Gross NPA and Net NPA GNPA by Segment Stable asset quality across segments Certain figures reported above will not add-up due to rounding 1.2% 1.1% 0.7% 0.6% 1.1% 1.1% Jun'26 Sep'26 Retail Retail (ex-Agri) Others 1.0% 1.0% 0.9% 0.9% 0.9% GNPA (ex-agri)
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HDFC Bank Presentation Q2 FY2027 19 358 61 37 24 358 GNPA as on Jun'26 Slippages Upgrades & Recoveries Write offs GNPA as on Sep'26 358 80 40 23 341 GNPA as on Mar'26 Slippages Upgrades & Recoveries Write offs GNPA as on Jun'26 RISK MANAGEMENT Movement of NPAs ₹ bn ₹ bn Certain figures reported above will not add-up due to rounding (Ex-agri : 61 bn) (Ex-agri 91 bps)115 bps 117 bps 117 bps 111 bps(Ex-agri 91 bps) (Ex-agri : 54 bn) (Ex-agri 87 bps) (Ex-agri 91 bps)
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HDFC Bank Presentation Q2 FY2027 20 67% 66% 67% 66% 67% Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Specific PCR 51 bps 55 bps 35 bps 40 bps 44 bps 37 bps 41 bps 21 bps 29 bps 32 bps Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Credit cost Credit cost (net of recoveries) 228 232 229 235 240 167 157 157 156 154 214 214 214 214 214 113 115 115 119 127 722 718 715 724 735 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Specific Contingent Floating General 35 38 26 31 36 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Credit cost ₹ bn RISK MANAGEMENT Credit cost and stock of provisions Stock of provisionsCredit cost ₹ bn Certain figures reported above will not add-up due to rounding *Q3 Dec’25 - excludes release of provision in respect of large borrower group on fulfilment of condition ex-agri 70% 70% 71% 70% 70% # * * # after release of provision in respect of large borrower group on fulfilment of condition
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HDFC Bank Presentation Q2 FY2027 21 Profitability Earnings per share* ₹ bn ₹ * for the quarter Standalone profit after tax # bn YoY 12% 11% 12% 9% 5% 5% YoY 182 186 187 192 191 195 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 11.9 12.1 12.1 12.5 12.4 12.7 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 EPS Standalone 15.32 15.35 15.38 15.39 15.40 15.41 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 Average number of shares ^ excluding prior year transaction gains (HDBFS), certain provisions and tax credit, YoY growth is 10% * EPS for the periods prior to Q2 Sep’25 are adjusted for bonus share issuance Average number of shares for periods prior to Q2 Sep’25 are adjusted for bonus share issuance ^
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HDFC Bank Presentation Q2 FY2027 22 GROUP COMPANIES Stake held in key subsidiary entities – September 30, 2026 Entity Investment Amount (₹ bn) Total shares outstanding by entity (mn) % Stake held by HDFC Bank PAT of the company (FTQ) (₹ bn) Book value per share (₹) EPS (FTQ) (₹) HDB Financial Services 29 830.8 74.08% 7.8 266.7 9.4 HDFC Life Insurance 66 2,172.6 50.53% 5.1 89.3 2.3 HDFC AMC 2 429.1 52.29% 7.5 200.9 17.5 HDFC ERGO General Insurance 28 727.1 50.24% 1.6 81.3 2.3 HDFC Securities 13 17.9 93.93% 2.7 2,098.0 148.4 All others 4 0.7 Total 142 PAT (profit after tax), Book value per share and EPS of the entities are in accordance with GAAP as applicable to the respective entities
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HDFC Bank Presentation Q2 FY2027 23 GROUP COMPANIES Subsidiaries – Q2FY27 update – HDB Financial Services • 74.08% stake held by the Bank as of September 30, 2026 • 24.8 million customers serviced through a network of 1,701 branches across 1,156 cities/towns ‒ Incrementally, 0.9 million customers have been added during Q2 FY27 • Q2FY27 performance highlights – Loan book of ₹ 1,245 bn up by 11.7% YoY and 2.2% sequentially – Gross Stage 3 assets at 2.43% significant lower than prior year – Net interest margin of 8.2% improved year-on-year by 28 bps – Net profit of ₹ 7.8 bn, up 34% YoY and almost flat QoQ – RoA of 2.4%; EPS of ₹ 9.4; Book value per share at ₹ 266.7 – RoE of 14.4%; Capital adequacy ratio at 21.4%
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HDFC Bank Presentation Q2 FY2027 24 GROUP COMPANIES Subsidiaries – Q2FY27 update – HDFC Life Insurance • 50.53% stake held by the Bank as of September 30, 2026 • 339k individual policies sold and overall 10.8 mn lives insured during the quarter • Individual weighted received premium market share of 16.2% for Q2FY27 • Q2FY27 performance highlights – Premium earned of ₹ 224 bn, grew 16% over prior year and AUM at ₹ 4.1 tr up by 14% YoY – New Business Premium of ₹ 110 bn with new business margin at 24.5% – Value of new business for the quarter ₹ 11.6 bn – PAT of ₹ 5.1 bn up by 14% YoY – Solvency Ratio at 180% as of September 30, 2026 – Embedded value at ₹ 665 bn improved 12% YoY
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HDFC Bank Presentation Q2 FY2027 25 GROUP COMPANIES Subsidiaries – Q2FY27 update – HDFC AMC • 52.29% stake held by the Bank as of September 30, 2026 • Quarterly average AUM of ₹ 9.7 trillion; 11.1% market share • 67% of quarterly average AUM is equity oriented with 63% in actively managed equity oriented • 17.7 million unique investors; 28% penetration in the Mutual Fund industry • Q2FY27 performance highlights – Total income of ₹ 12.4 bn, grew 11% over prior year – Net profit of ₹ 7.5 bn, grew 4% over prior year – EPS of ₹ 17.5
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HDFC Bank Presentation Q2 FY2027 26 GROUP COMPANIES Subsidiaries – Q2FY27 update – HDFC ERGO General Insurance • 50.24% stake held by the Bank as of September 30, 2026 • Q2FY27 Gross direct premium market share of 5.2% in overall industry and 7.7% amongst private sector insurers • Retail mix in business 58% for the quarter ended September 30, 2026 • Distribution network of 189 branches and 714 digital offices • Q2FY27 performance highlights – Gross written premium of ₹ 52.6 bn; grew 31% YoY – Net profit after tax of ₹ 1.6 bn; lower by 10% YoY – EPS of ₹ 2.26 – Solvency Ratio at 211% as of September 30, 2026
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HDFC Bank Presentation Q2 FY2027 27 GROUP COMPANIES Subsidiaries – Q2FY27 update – HDFC Securities Limited • 93.93% stake held by the Bank as of September 30, 2026 • 8.3 million customers serviced through a network of 126 branches across 99 cities • Around 97% of the active clients utilized the services offered through company’s digital platforms. • Q2FY27 performance highlights – Net revenue of ₹ 9.6 bn; grew 37.3% YoY – Net profit of ₹ 2.7 bn; grew by 26.1% YoY – EPS of ₹ 148.4 – Book value per share at ₹ 2,098 as of 30th September, 2026
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HDFC Bank Presentation Q2 FY2027 28 CONSOLIDATED Consolidated income statement Certain figures reported above will not add-up due to rounding P&L (₹ bn) Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY Net revenue 718.2 854.8 786.9 (7.9%) 9.6% Operating expenses 408.8 544.9 458.2 (15.9%) 12.1% Provisions 42.8 38.0 42.1 10.7% (1.7%) Profit before tax 266.6 271.9 286.6 5.4% 7.5% Consolidated profit 196.1 192.4 207.0 7.6% 5.6%
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HDFC Bank Presentation Q2 FY2027 29 ESG at HDFC Bank Ratings & Indices ESG Score: 74/100 S&P Corporate Sustainability Assessment (82nd percentile) Environmental • Target to be carbon neutral by FY32 • Board approved Environmental Policy focusing on enhanced environmental targets and Sustainable Procurement • Board approved Sustainable Finance Framework, along with a second party opinion • Increased Sustainable Finance portfolio to 27.8% in FY26 • Enhanced assessment and disclosure of Financed Emissions • Increased Renewable Energy mix to 15.9% in FY 26 compared to 3.2% in the previous year Social • Leading responsibly • Banking the unbanked through inclusive banking initiatives; • Supporting businesses; • Enabling smart banking; • Empowering communities • Gender diversity target 27% by FY27 • CSR initiatives cumulatively impacted over 107 mn beneficiaries • People and work culture: Nurture, Care & Collaborate • 2-tiered governance structure for Diversity, Equity & Inclusion – at the corporate & regional level Governance • Commitment to principles of independence, accountability, responsibility, transparency and fair & timely disclosures • Diversified and skilled board • CSR & ESG Committee of Board oversees the ESG strategy along with the ESG Apex Council • Highest governance score of 1 by ISS, 2026 • ET Awards: Selected as the ‘Conscious Corporate of the Year’ for its work in CSR & ESG FTSE4GOOD Emerging Indices Sept 30, 2026
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HDFC Bank Presentation Q2 FY2027 30 12.8 12.2 14.9 16.4 16.9 16.7 16.4 16.3 17.2 17.3 17.4 17.1 18.0 18.2 16.3 16.8 16.6 16.9 17.4 16.1 14.6 14.3 13.8 13.5 - 5.0 10.0 15.0 20.0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 Jun'26 Q2 Sep'26 CET1 % RoE % COMPOUNDING VALUE Balance sheet and capital productivity CET1 capital as per Basel III Growth in assets and RoA Healthy capital position and RoE HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable. 1.9 1.9 1.9 2.0 2.0 2.0 2.1 2.0 1.9 1.9 1.9 1.8 - 10,000 20,000 30,000 40,000 50,000 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 Jun'26 Q2 Sep'26 Assets ROA %
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HDFC Bank Presentation Q2 FY2027 31 277 288 301 313 316 329 341 354 354 367 381 394 395 Q2 Sep'23 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 267 278 290 301 304 316 328 341 340 353 366 379 379 Q2 Sep'23 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Q1 Jun'25 Q2 Sep'25 Q3 Dec'25 Q4 Mar'26 Q1 Jun'26 Q2 Sep'26 ₹ ₹ COMPOUNDING VALUE Book value performance Standalone book value per share* Consolidated book value per share* * Book value per share for period prior to Q2 Sep’25 are adjusted for bonus share issuance
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HDFC Bank Presentation Q2 FY2027 32 APPENDIX
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HDFC Bank Presentation Q2 FY2027 33 Industry-wise distribution* CONSOLIDATED *As per Pillar 3 Disclosure Certain figures reported above will not add-up due to rounding Industry (₹ bn) Total Outstanding (FB + NFB) As a (%) Industry (₹ bn) Total Outstanding (FB + NFB) As a (%) Consumer Loans 10,043 25.6% Housing Finance Companies 508 1.3% NBFC 2,186 5.6% Capital Market Intermediaries 506 1.3% Business Services 1,564 4.0% Chemical and Products 393 1.0% Real Estate & Property Services 1,417 3.6% Telecom 309 0.8% Retail Trade 1,404 3.6% Financial Intermediaries 308 0.8% Consumer Services 1,315 3.3% Mining and Minerals 304 0.8% Infrastructure Development 1,138 2.9% Non-ferrous Metals 268 0.7% Financial Institutions 1,133 2.9% Consumer Durables 266 0.7% Power 1,039 2.6% Gems and Jewellery 260 0.7% Road Transportation 1,018 2.6% Agri Production - Non food 226 0.6% Wholesale Trade - Non Industrial 965 2.5% Drugs and Pharmaceuticals 206 0.5% Wholesale Trade - Industrial 928 2.4% Agri Produce Trade 192 0.5% Food and Beverage 922 2.3% Paper, Printing and Stationery 182 0.5% Engineering 888 2.3% Plastic & Products 179 0.5% Iron and Steel 880 2.2% Cement & Products 166 0.4% Textiles & Garments 735 1.9% Fertilisers & Pesticides 150 0.4% Agri-Allied 718 1.8% Information Technology 132 0.3% Automobile & Auto Ancillary 696 1.8% Other Non-metalic Mineral Products 130 0.3% Banks 611 1.6% Animal Husbandry 109 0.3% Coal & Petroleum Products 637 1.6% FMCG & Personal Care 107 0.3% Agri Production - Food 561 1.4% Other Industries 3,605 9.2% Total 39,304 100.0%
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HDFC Bank Presentation Q2 FY2027 34 Top 20 borrower exposure as a % of total exposure 9.7% 9.4% 9.2% 9.4% 10.2% 9.5% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26
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HDFC Bank Presentation Q2 FY2027 35 65% 65% 66% 64% 65% 65% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 69% 70% 70% 68% 69% 69% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Risk Weighted Assets * Risk Weight Density = RWA / (FB + NFB (post CCF)) RWA to Total Assets Risk Weight Density*
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HDFC Bank Presentation Q2 FY2027 36 Corporate rating mix – September’26 Certain figures reported above will not add-up due to rounding Rating mix % of externally rated wholesale book (corporate & mid corporate) 77.1% 12.0% 7.0% 3.9% AA and above A BBB BB and below
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HDFC Bank Presentation Q2 FY2027 37 HDFC Bank: 6 years in perspective Sep-20 to Sep-26
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HDFC Bank Presentation Q2 FY2027 38 1,17,082 2,10,109 Sep'20 Sep'26Employee count 2.33 3.46 Sep'20 Sep'26Deposit per Avg. branch 50.1% 50.1% 49.9% 49.9% Sep'20 Sep'26 SURU Metro/Urban 5,430 9,706 Sep'20 Sep'26Branch count Distribution: expanding foundational pillars, sustained productivity gains Enhanced investment in distribution HDFC Bank Branch Share 3.6% 5.7% Balanced growth across geographies Productivity gains – Investments in place to drive future growth Employee addition to aid deeper engagement ₹ bn SURU : Semi Urban & Rural *HDFC Bank Branches shares in system wide branches based on last reported RBI data as of June’26 * #s #s
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HDFC Bank Presentation Q2 FY2027 39 58.6 103.6 Sep'20 Sep'26Customers (mn) 20.3 47.5 Sep'20 Sep'26 Brand value (USD bn) Brand value significantly enhanced; we own the brand since Jul’23 63rd globally ranked brand and Only Indian Bank in Top 100 globally ranked brands HDFC Bank top ranked Indian bank brand Kantar BrandZ Most Valuable Global Brands 2026 Strong customer base aided by brand & distribution Sep’20 data corresponds to Kantar 2020 BrandZ Top 75 Most Valuable Indian Brand survey Sep’26 data corresponds to Kantar BrandZ Top 100 Most Valuable Global Brands 2026 survey
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HDFC Bank Presentation Q2 FY2027 40 61,887 1,00,942 Sep'20 Jun'26 5,115 10,519 Sep'20 Sep'26 1,47,594 2,88,405 Sep'20 Sep'26 12,293 33,274 Sep'20 Sep'26 Deposits: significant growth and market share gains ₹ bn ₹ bn ₹ bn ₹ bn Robust deposit growth; faster than system System Deposits HDFCB Share 8.3% 11.5% CASA growth consistently higher than system System CASA Deposits* HDFCB Share 8.3% 10.2% *System CASA deposits growth & market share based on last reported RBI data as of June’26
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HDFC Bank Presentation Q2 FY2027 41 1 adjusted for rounding-off 11% 28% 35% 25% 17% 21% 37% 26% Sep'20 Sep'26 Retail Mortgage Retail Non-Mortgage Small/mid Market Corporate 80% 80% 20% 20% Sep'20 Sep'26Retail branch Wholesale 1,05,013 2,30,360 Sep'20 Sep'26 10,478 32,195 Sep'20 Sep'26Gross Advances Advances growth strong; Balance Sheet is granular ₹ bn ₹ bn Strong broad based loan growth System advances growth HDFCB Share 10.0% 14.0% Average Deposits granularity key strength Mortgage in the mix now
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HDFC Bank Presentation Q2 FY2027 42 15 214 52 154 47 127 107 240 Sep'20 Sep'26 Floating Contingent General Specific 220 735 0.35% 0.37% Sep'20 Sep'26 1.37% 1.11% Sep'20 Sep'26 17.0% 17.1% 19.1% 18.9% Sep'20 Sep'26CET 1 Total CAR Capital and Risk Metrics: remains strong, built further resiliency Maintained strong capital ratios Low GNPA ratio; further improved post merger Low and stable Net NPAStrengthened Stock of Provisions ₹ bn Post merger Sep’23 GNPA ratio at 1.34% Provision stock and GNPA & NNPA ratios for Sep’20 are based on proforma NPA classification approach. This considers impact of continuing NPA recognition post 31st Aug’20 including inputs from analytical models. Proforma Proforma Proforma
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HDFC Bank Presentation Q2 FY2027 43 26 50 Sep'20 Sep'26EPS (TTM) 285 764 Sep'20 Sep'26PAT (TTM) 73% 72% 27% 28% Sep'20 Sep'26NII (TTM) Non-NII (TTM) 837 1,870 Sep'20 Sep'26Net Revenue (TTM) Healthy profit growth; revenues primarily driven by NII ₹ bn Strong revenue growth Revenue mix stable Consistently healthy profit growth Steady growth in earnings ₹ bn ₹ TTM = Trailing twelve months
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HDFC Bank Presentation Q2 FY2027 44 2.1% 1.8% Sep'20 Sep'26Cost to Assets (TTM) 4.2% 4.1% Sep'20 TTM Sep'21 TTM Sep'22 TTM Dec-22 to Jun-23 3.4% 3.3% Q2FY24 Sep'24 TTM Sep'25 TTM Sep'26 TTM 1.1% 0.4% Sep'20 TTM Sep'26 TTM Credit cost to EOP loans* 2.0% 1.9% Sep'20 Sep'26ROA (TTM) Profitability metrics maintained, ROA in historical range Tech cost^^ ~6% ~11% TTM = Trailing twelve months ^^Tech cost represents tech spends as a % of total operating expenses for FY21 & FY26 respectively *Credit cost for Sep’20 TTM excludes contingent build on account of Covid; reported credit cost to loans is 1.38% Pre-merger Post-merger Stable RoA Cost efficiencies achieved while increasing investments Credit remains our key strength NIM stable
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HDFC Bank Presentation Q2 FY2027 45 Safe harbour statement We have included statements in this report which contain words or phrases such as “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of these expressions, that are “forward- looking statements”. Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for various banking services, our ability to realize all of the anticipated benefits of the Transaction, future levels of our non-performing/ impaired assets, our growth and expansion, the adequacy of our management of credit risks and our provision/allowance for credit and investment losses, technological changes, the adequacy of our information technology and telecommunication systems, including against cybersecurity threats, negative publicity, volatility in investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to pay dividends, the impact of changes in banking regulations and other regulatory changes on us in India and other jurisdictions, our ability to roll over our short term funding sources and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: the war in Iran, involving the United States, Israel and some neighbouring countries, and the geopolitical conflict between Israel and Hamas, which have complicated the geopolitical landscape and contributed to significant volatility in oil and energy prices; geopolitical tensions between India and Pakistan, with a lingering risk of sudden escalation in military conflict; geopolitical tensions between India and China; general economic and political conditions; instability or uncertainty in India and the other countries which have an impact on our business activities or investments caused by any factor, including terrorist attacks in India, the United States or elsewhere, anti-terrorist or other attacks by the United States, a United States-led coalition or any other country, such as the joint strike launched by the United States and the United Kingdom in Yemen following the Houthis group’s attack on international ships in the Red Sea; the ongoing war between Russia and Ukraine; military armament or social unrest in any part of India; the monetary and interest rate policies of the RBI; natural calamities, pandemics, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices; the performance of the financial markets in India and globally; compliance with and changes in Indian and foreign laws and regulations, including tax, accounting, banking regulations, insurance regulations and securities regulations; changes in competition and the pricing environment in India; regional or general changes in asset valuations; and uncertainties arising out of foreign trade and tariff policies followed by major global economies, such as the United States and China.