Classification - Confidential

Q4FY25 Earnings
Presentation
April 19, 2025

Classification - Confidential
Key performance metrics for Q4 FY25
 Deposits; average YoY ↑ ₹ 3.44 tn (15.8%) ; EOP YoY ↑ ₹ 3.35 tn (14.1%)

 Average deposits QoQ ↑ ₹ 0.75 tn (3.1%) ; EOP QoQ ↑ ₹ 1.51 tn (5.9%)

 Average CASA QoQ ↑ ₹ 0.11 tn (1.4%) ; EOP QoQ ↑ ₹ 0.72 tn (8.2%)

 Average time deposits QoQ ↑ ₹ 0.64 tn (3.9%) ; EOP QoQ ↑ ₹ 0.79 tn (4.7%)

 AUM; average YoY ↑ ₹ 1.83 tn (7.3%) ; EOP YoY ↑ ₹ 1.97 tn (7.7%)

 Average AUM; QoQ ↑ ₹ 0.68 tn (2.6%) ; EOP QoQ ↑ ₹ 0.89 tn (3.3%)

 Asset quality continues to remain stable; GNPA ratio at 1.33%; ex-agri at 1.13%

 PAT for the quarter ₹ 176 bn; RoA of 1.94% and RoE of 14.4%

 Consolidated EPS of ₹ 24.6 for the quarter

 Capital adequacy ratio at 19.6%

2 HDFC Bank Presentation Q4 FY2025

STANDALONE

Key financial parameters for Q4 FY25

Average deposits at ₹ 25,280 bn, Profit after tax of ₹ 176 bn, EPS
↑15.8% YoY ; ↑3.1% QoQ for the quarter ₹ 23.0

Average advances under

Gross NPA at 1.33%, ex-agri
management at ₹ 26,955 bn,
↑7.3% YoY ; ↑2.6% QoQ 1.13%

Net interest margin (NIM) of 3.46%* Return on assets of 1.9%

Capital adequacy ratio at 19.6%

Cost-to-income ratio of 39.8% of which CET1 at 17.2%

*excludes interest income of ₹ 7 bn on Income Tax refund

3 HDFC Bank Presentation Q4 FY2025
Standalone Indian GAAP figures (bn = Billion); ₹ = Rupees; ^based on total assets
CONSOLIDATED

Consolidated income statement

P&L (₹ bn) Q4 FY24 Q3 FY25 Q4 FY25 QoQ YoY

Net revenue 807.0 652.8 732.8 12.3% (9.2%)

Operating expenses 491.3 373.5 439.0 17.5% (10.6%)

Provisions 138.1 39.6 38.1 (3.9%) (72.4%)

Profit before tax 177.6 239.7 255.7 6.7% 44.0%

Consolidated profit 176.2 176.6 188.4 6.7% 6.9%

4 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

STANDALONE

Income statement
P&L (₹ bn) Q4 FY24 Q3 FY25 Q4 FY25 QoQ YoY

Net interest income 290.8 306.5 320.7 4.6% 10.3%

Non-interest income 181.7 114.5 120.3 5.1% (33.8%)

Net revenue 472.5 421.0 441.0 4.8% (6.7%)

Operating expenses 179.7 171.1 175.6 2.6% (2.3%)

Provisions 135.1 31.5 31.9 1.3% (76.4%)

Profit before tax 157.7 218.4 233.5 6.9% 48.1%

Profit after tax 165.1 167.4 176.2 5.3% 6.7%

5 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

STANDALONE

Abridged balance sheet

Balance sheet (₹ bn) Mar'24 Dec'24 Mar'25 QoQ YoY
Net Advances 24,849 25,182 26,196 1,014 1,347
Investments 7,024 8,119 8,364 245 1,340
Government and debt securities 6,853 7,913 8,160 247 1,307
Equity and other securities 171 206 204 (2) 33
Cash & equivalent 2,192 2,202 2,396 194 204
Fixed and other assets 2,112 2,087 2,146 59 34
Total assets 36,177 37,590 39,102 1,512 2,925

Deposits 23,798 25,638 27,147 1,509 3,349

Borrowings 6,622 5,702 5,479 (223) (1,143)
Equity & reserves 4,403 4,831 5,015 184 612
Other liabilities 1,354 1,419 1,461 42 107
Total liabilities 36,177 37,590 39,102 1,512 2,925
6 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

Capital and liquidity metrics
Capital adequacy Liquidity coverage ratio

19.8% 20.0% 19.6%

18.8% 19.3%
18.4%
17.8% 18.0% 17.7%
16.8% 17.3%
16.8%

128% 125%
123% 119%
115%
110%

Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

Total Capital Tier 1 Capital

7 HDFC Bank Presentation Q4 FY2025

BUSINESS GROWTH

Growth in deposits
Average Deposits EOP Deposits
₹ bn ₹ bn
h15.8% h14.1%

h3.1%
h5.9%

21,171 21,836 22,831 23,540 24,528 25,280

22,140 23,798 23,791 25,001 25,638 27,147

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

8 HDFC Bank Presentation Q4 FY2025

BUSINESS GROWTH

Growth in advances
Average advances under management EOP advances under management
₹ bn ₹ bn
h7.3% h7.7%

h2.6% h3.3%

27,733
26,955 25,758 25,750 26,334 26,839
24,414 25,125 25,327 25,639 26,276 25,287

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

9 HDFC Bank Presentation Q4 FY2025

HIGH QUALITY DEPOSIT FRANCHISE

Retail branch driving deposits

Retail / Wholesale Proportion of CASA deposits
₹ bn
38% 38% 36% 35% 34% 35%

16% 16% 16% 16% 16% 17%

84% 84% 84% 84% 84% 83%

5,987 6,081 6,305

5,964 6,056
5,799

3,100 2,754 3,141

2,558 2,673 2,671

Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

Retail Wholesale CA SA CASA Ratio

10 HDFC Bank Presentation Q4 FY2025

LOAN BOOK

Mix across segments

Balancing growth Composition of retail loans

Loans (₹ bn) Mar'24 Dec'24 Mar'25 QoQ YoY Mar’25

6%
Retail 12,627 13,425 13,758 2.5% 9.0%
8%
Retail Mortgages 7,744 8,171 8,357 2.3% 7.9%

Retail Non-Mortgages 4,883 5,254 5,401 2.8% 10.6% 11%

CRB 8,022 8,608 9,050 5.1% 12.8%

Corporate and other wholesale 5,109 4,806 4,926 2.5% (3.6%)

61%
14%
Advances under management 25,758 26,839 27,733 3.3% 7.7%

IBPC/BRDS/Securitisation (680) (1,413) (1,298) (8.2%) 90.8%

Gross Advances 25,078 25,426 26,435 4.0% 5.4%

Retail : Wholesale mix* 55% : 45% 58% : 42% 57% : 43% Mortgages PL AL/TW Payments Other retail

*As per Basel classification

Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.
11 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

BUILDING FRANCHISE STRENGTH

Branch expansion and customer relationships

Branch network Customer base
#s #mn

8,091 8,738 8,851 9,092 9,143 9,455

18% 18% 18% 17% 17% 17%

34% 34% 34% 34% 34% 34%

20% 20% 20% 21% 21% 21% 97

93
83
28% 28% 28% 28% 28% 28% 71
62

Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

Metro Urban Semi-Urban Rural

Mar'21 Mar'22 Mar'23 Mar'24 Mar'25

YoY 908 917 991 1,147 1,052 717
QoQ 146 647 113 241 51 312

Distribution strength enables reach for customer engagement

12 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

STANDALONE

Net revenues
Net revenue Net revenue mix
₹ bn

28% 27% 26% 28% 27% 27%

473

441

421 72% 73% 74% 72% 73% 73%

416
405
396

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25* Q3 Dec'23 Q4 Mar'24 ** Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

YoY 26% 48% 23% 9% 6% (7%) Net Interest Income Non Interest Income

QoQ 4% 20% (14%) 3% 1% 5%

* excluding transaction gains, net trading and MTM gains, YoY growth is 10% and QoQ growth is 4%
13 HDFC Bank Presentation Q4 FY2025
** excluding transaction gains
HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable.
STANDALONE

Net interest income

Net interest income Net interest margin (NIM)
₹ bn
3.54% / 3.46%*

3.7%
3.6% 3.7% 3.7% 3.6%
3.6%
3.5%
3.4% 3.5% 3.5% 3.4%
3.4%

321
301 307
291 298
285

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25
YoY 24% 25% 26% 10% 8% 10% NIM NIM (IEA)
QoQ 4% 2% 3% 1% 2% 5%
IEA: Interest Earning Assets

*excluding interest income of ₹ 7 bn on Income Tax refund

14 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable.
STANDALONE

Yield on assets and cost of funds

Yield on assets and cost of funds Key Balance Sheet Mix
Particulars Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25
8.3% 8.4% 8.4% 8.3% 8.3% 8.4%
AUM mix

Retail 48% 49% 50% 50% 50% 50%

Mortgage 29% 30% 31% 30% 30% 30%

4.9% 4.9% 4.9% 4.9% 4.9% 4.9% Non-Mortgages 19% 19% 19% 20% 20% 20%

CRB 31% 31% 31% 32% 32% 32%

Corporate and other wholesale 21% 20% 19% 18% 18% 18%

CASA ratio 38% 38% 36% 35% 34% 35%

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

Borrowings as a % of Total
Yield on Assets Cost of Funds (incl. Shareholders' Funds) 21% 18% 17% 16% 15% 14%
Liabilities

Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.
15 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

STANDALONE

Other income
Other income Fee income mix
₹ bn
182
15 6% 6% 7% 6% 6% 6%
17% 15% 18% 17% 13%
18%
76 120
115 115
111 107
16 18 17 34% 35%
15 4 35% 33% 34% 36%
20 3 1
15 15 14 14
11 2
12 14
19% 18%
20% 19% 18% 17%
81 82 85
69 80 70
22% 26% 23% 24% 24% 28%

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec24 Q4 Mar'25* Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec24 Q4 Mar'25
Fees & Commissions FX & Derivative income

Net trading & MTM income Other Miscellaneous Income Third Party Products Retail assets Payments

YoY 31% 108% 16% 7% 3% (34%) Retail liabilities Wholesale

QoQ 4% 63% (41%) 8% (0%) 5%

* excluding transaction gains, net trading and MTM gains, YoY growth is 10% and QoQ growth is 2%
16 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable. Certain figures reported above will not add-up due to rounding
STANDALONE

Operating expenses
Operating expenses Cost efficiency
₹ bn
^
180 41.3% ^ 41.0%
171 176 40.3% 40.6% 40.6%
166 169 39.8%
160

111
109 112 114
108
106 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25
Cost to income ratio

69* 60 60 61 ^
54 58 2.0%
1.9% 1.9% 1.9% 1.9%
1.9%

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

Staff costs Other operating expenses Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

*includes staff ex-gratia provision of ₹ 15 billion

Cost to assets
^ excludes transaction gains and staff ex-gratia provision
17 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

RISK MANAGEMENT

Resilient asset quality

Gross NPA and Net NPA GNPA by Segment

1.4% 2.0%
1.3% 1.4% 1.3% 1.9%
1.2%
1.7%
1.5%
1.3% 1.3%

0.5% 0.8% 0.8%

0.4% 0.4% 0.4%
0.3%

Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

GNPA NNPA Dec'24 Mar'25
GNPA (ex-agri) Retail CRB CRB (ex-Agri) Corporate and other wholesale
1.1% 1.2% 1.2% 1.2% 1.1%

Stable asset quality across segments

18 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

RISK MANAGEMENT

Movement of NPAs
₹ bn

142 bps 75 50
133 bps (Ex-agri 113 bps)
33
(Ex-agri : 62 bn)

360 352

GNPA as on Dec'24 Slippages Upgrades & Recoveries Write offs GNPA as on Mar'25
₹ bn
40 142 bps
136 bps 88 31 (Ex-agri 119 bps)

(Ex-agri : 65 bn)

343 360

GNPA as on Sep'24 Slippages Upgrades & Recoveries Write offs GNPA as on Dec'24

19 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

RISK MANAGEMENT

Credit cost and stock of provisions

Credit cost Stock of provisions
₹ bn
50 bps 48 bps
42 bps 42 bps 43 bps 610 608 606 607 606
36 bps 106 104 105 104 108

29 bps 29 bps 29 bps 124 124 124 124 124

27 bps

149 145 138 135 135

231 235 239 244 239

Q4 Mar'24 * Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25
Credit cost Credit cost (net of recoveries) Specific Contingent Floating General

26 26 27 32 32 ₹ bn 74%
ex-agri
71% 70% 71%
68% 68%

Q4 Mar'24 * Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25
Credit cost Specific PCR
* excludes floating provisions built
20 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

Profitability
Standalone profit after tax Earnings per share*
₹ bn ₹

21.6 21.7 21.3 23.0

22.1 21.9

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

EPS Standalone
₹
176
164 165 168 167 23.2 23.4 23.1 24.6
162 22.7 21.7

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

EPS Consolidated
# bn
7.59 7.60 7.60 7.62 7.64 7.65

Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

YoY 34% 37% 35% 5% 2% 7% Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25
Average number of shares

21 HDFC Bank Presentation Q4 FY2025 * for the quarter

GROUP COMPANIES

Stake held in key subsidiary entities – March 31, 2025

Investment No. of shares % Stake PAT of the Book value
EPS (FTQ)
Entity Amount outstanding held by company per share
(₹)
(₹ bn) by entity (mn) HDFC Bank (FTQ) (₹ bn) (₹)
HDB Financial Services 35 813.0 94.32% 5.3 198.8 6.7
HDFC Life Insurance 56 2,150.8 50.32% 4.8 75.0 2.2
HDFC AMC 2 213.8 52.47% 6.4 380.5 29.9
HDFC ERGO General Insurance 28 725.9 50.33% 0.7 67.0 1.0
HDFC Securities Limited 13 17.8 94.55% 2.5 1,885 141.3
All others 3 0.8

Total 137

22 HDFC Bank Presentation Q4 FY2025 PAT (profit after tax), Book value per share and EPS of the entities are in accordance with GAAP as applicable to the respective entities
GROUP COMPANIES

Subsidiaries – Q4FY25 update – HDB Financial Services

• 94.32% stake held by the Bank as of March 31, 2025

• 19.2 million customers serviced through a network of 1,771 branches across 1,170 cities/towns

‒ 0.7 million customers during Q4 FY25

• Disbursement momentum grew 8.4% sequentially primarily driven by Asset Finance and Enterprise Lending

• Q4FY25 performance highlights

– Loan book of ₹ 1,069 bn up by 18.5% YoY and 4.7% sequentially

– Gross Stage 3 assets at 2.26% in line with last quarter

– Net interest margin of 7.6%; Net profit of ₹ 5.3 bn with EPS of ₹ 6.7

– RoA of 2.0%; Book value per share at ₹ 198.8

– RoE of 13.6%; Capital adequacy ratio at 19.2%

23 HDFC Bank Presentation Q4 FY2025

GROUP COMPANIES

Subsidiaries – Q4FY25 update – HDFC Life Insurance

• 50.32% stake held by the Bank as of March 31, 2025

• 390k individual policies sold and overall 13 mn lives insured during the quarter

• Individual weighted received premium market share of 11.1% for 11MFY25

• Q4FY25 performance highlights

– Net Premium Income of ₹ 238 bn up by 16% YoY and AUM at ₹ 3.4 tn up by 15% YoY

– New Business Premium of ₹ 110 bn with new business margin at 27%

– Value of new business for the quarter ₹ 13.8 bn

– PAT of ₹ 4.8 bn up by 16% YoY

– Solvency Ratio at 194% as of March 31, 2025

– Embedded value at ₹ 554 bn improved 17% YoY

24 HDFC Bank Presentation Q4 FY2025

GROUP COMPANIES

Subsidiaries – Q4FY25 update – HDFC AMC

• 52.47% stake held by the Bank as of March 31, 2025

• Quarterly average AUM of ₹ 7.7 trillion; 11.5% market share

• 64% of quarterly average AUM is equity oriented with 60% in actively managed equity oriented

• 13.2 million unique investors; 24% penetration in the Mutual Fund industry

• Q4FY25 performance highlights

– Total income of ₹ 10.3 bn, grew 20% over prior year

– Net profit of ₹ 6.4 bn, grew 18% over prior year

– EPS of ₹ 29.9

25 HDFC Bank Presentation Q4 FY2025

GROUP COMPANIES

Subsidiaries – Q4FY25 update – HDFC ERGO General Insurance

• 50.33% stake held by the Bank as of March 31, 2025

• Q4FY25 Gross direct premium market share of 4.7% in overall industry and 7.1% amongst private sector insurers

• Retail mix in business 59% for the quarter ended March 31, 2025

• Distribution network of 299 branches and 608 digital offices

• Q4FY25 performance highlights

– Gross written premium of ₹ 38.5 bn; up by 15% vs Q3FY25

– Net profit after tax of ₹ 0.7 bn compared to loss of (₹ 1.3 bn) in the prior year quarter

– Solvency Ratio at 200% as of March 31, 2025

26 HDFC Bank Presentation Q4 FY2025

GROUP COMPANIES

Subsidiaries – Q4FY25 update – HDFC Securities Ltd

• 94.55% stake held by the Bank as of March 31, 2025

• 6.8 million customers serviced through a network of 134 branches across 106 cities

• Around 96% of the active clients utilized the services offered through company’s digital platforms.

• Q4FY25 performance highlights

– Net revenue of ₹ 7.4 bn lower by 14% YoY

– Net profit of ₹ 2.5 bn lower by 21% YoY

– EPS of ₹ 141.3

– Book value per share at ₹ 1,885 as of 31st March, 2025

27 HDFC Bank Presentation Q4 FY2025

ESG INITIATIVES

ESG at HDFC Bank

Environmental Social Governance Ratings
• Target to be carbon neutral by • Leading responsibly • Commitment to principles of
FY32 • Taking banking to the independence, accountability,
unbanked; responsibility, transparency
• Board approved ESG Risk and fair & timely disclosures
Management Policy focusing on • Supporting businesses; April 2025

enhanced environmental and • Enabling smart banking; • Diversified and skilled board
social due diligence for lending • Empowering communities
• CSR & ESG Committee of S&P Corporate
• Board approved Sustainable • Gender diversity: 26% Board oversee the ESG Sustainability Assessment
Finance Framework, along with strategy along with the ESG (85th percentile)
a second party opinion • CSR initiatives cumulatively Apex Council
impacted over 100
• Issued maiden international mn beneficiaries • Highest governance score of 1
sustainable bond issue by ISS, 2024
• People and work culture: ESG Score: 80/100;
(Utilisation towards clean Low ESG Risk
transportation, affordable Nurture, Care & Collaborate • ET Awards:
housing & MSME) Selected as the ‘Conscious
• 2-tiered governance structure
for Diversity, Equity & Inclusion Corporate of the Year’ for its
• Disclosed findings from pilot
– at the corporate & regional work in CSR & ESG
study carried out on financed
emissions level 2024 CDP Score ‘C'

28 HDFC Bank Presentation Q4 FY2025

COMPOUNDING VALUE

Balance sheet and capital productivity

Growth in assets and RoA

40,000 2.0 2.0 1.9 1.9 1.9 1.9 2.0 2.0 2.0 2.1 2.0 1.9
30,000
20,000
10,000
-
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Assets RoA %

Healthy capital position and RoE

20.9 20.4 18.0 18.0 18.2 17.4

20.0 16.3 16.8 16.6 16.9 16.1 14.6
15.0
10.0 16.9 17.2
13.7 13.2 14.9 16.4 16.7 16.4 16.3
5.0 11.8 12.8 12.2
-
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
CET1 % RoE %
29 HDFC Bank Presentation Q4 FY2025 FY13 Tier 1 capital as per Basel II
FY14 onwards CET1 capital as per Basel III
HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable.
COMPOUNDING VALUE

Book value performance

Standalone book value per share
₹

655
607 632
580 603
534 556
525
480 502
451 456

Q1 Jun'22 Q2 Sep'22 Q3 Dec'22 Q4 Mar'23 Q1 Jun'23 Q2 Sep'23 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

Consolidated book value per share

₹

682
625 631 657
576 601
519 543 553
464 471 495

Q1 Jun'22 Q2 Sep'22 Q3 Dec'22 Q4 Mar'23 Q1 Jun'23 Q2 Sep'23 Q3 Dec'23 Q4 Mar'24 Q1 Jun'24 Q2 Sep'24 Q3 Dec'24 Q4 Mar'25

30 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable.
 APPENDIX

31 HDFC Bank Presentation Q4 FY2025

CONSOLIDATED

Consolidated income statement FY25

P&L (₹ bn) FY24 FY25 YoY

Net revenue 2,538.6 2,870.2 13.1%

Operating expenses 1,522.7 1,766.1 16.0%

Provisions 250.2 141.8 (43.3%)

Profit before tax 765.7 962.4 25.7%

Consolidated profit 640.6 707.9 10.5%

32 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable. Certain figures reported above will not add-up due to rounding
STANDALONE

Income statement FY25

P&L (₹ bn) FY24 FY25 YoY

Net interest income 1,085.3 1,226.7 13.0%

Non-interest income 492.4 456.3 (7.3%)

Net revenue 1,577.7 1,683.0 6.7%

Operating expenses 633.9 681.7 7.5%

Provisions 234.9 116.5 (50.4%)

Profit before tax 709.0 884.8 24.8%

Profit after tax 608.1 673.5 10.8%

33 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable. Certain figures reported above will not add-up due to rounding
CONSOLIDATED

Industry-wise distribution
Total Total
Industry (₹ bn) Outstanding As a (%) Industry (₹ bn) Outstanding As a (%)
(FB + NFB) (FB + NFB)
Consumer Loans 10,068 31.1% Coal & Petroleum Products 342 1.1%
NBFC 1,673 5.2% Housing Finance Companies 328 1.0%
Real Estate & Property Services 1,177 3.6% Capital Market Intermediaries 326 1.0%
Retail Trade 1,157 3.6% Financial Intermediaries 317 1.0%
Consumer Services 1,095 3.4% Chemical and Products 285 0.9%
Financial Institutions 1,061 3.3% Consumer Durables 279 0.9%
Food and Beverage 812 2.5% Agri Production - Non food 251 0.8%
Road Transportation 795 2.5% Gems and Jewellery 206 0.6%
Power 775 2.4% Non-ferrous Metals 193 0.6%
Infrastructure Development 756 2.3% Drugs and Pharmaceuticals 177 0.5%
Banks 715 2.2% Mining and Minerals 169 0.5%
Wholesale Trade - Non Industrial 672 2.1% Paper, Printing and Stationery 151 0.5%
Wholesale Trade - Industrial 665 2.1% Plastic & Products 148 0.5%
Engineering 650 2.0% Agri Produce Trade 145 0.4%
Iron and Steel 637 2.0% Cement & Products 133 0.4%
Agri-Allied 629 1.9% Animal Husbandry 126 0.4%
Textiles & Garments 580 1.8% Information Technology 116 0.4%
Automobile & Auto Ancillary 578 1.8% Other Non-metalic Mineral Products 111 0.3%
Business Services 530 1.6% FMCG & Personal Care 97 0.3%
Agri Production - Food 521 1.6% Other Industries 2,582 8.0%
Telecom 381 1.2% Total 32,407 100.0%

34 HDFC Bank Presentation Q4 FY2025 *As per Pillar 3 Disclosure

Certain figures reported above will not add-up due to rounding

Top 20 borrower exposure as a % of total exposure

11.0% 11.0% 10.5% 10.3% 9.8% 9.6%

Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

35 HDFC Bank Presentation Q4 FY2025

Risk Weighted Assets
RWA to Total Assets Risk Weight Density*

65% 64% 65%

69% 64%
68% 68% 68% 63% 63%
67% 67%

Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25

36 HDFC Bank Presentation Q4 FY2025 * Risk Weight Density = RWA / (FB + NFB (post CCF))
Corporate rating mix
Rating mix % of externally rated wholesale book (corporate & mid corporate)
Dec’24 Mar’25

76.1% 75.5%

4.2% 4.8%

7.9% 7.5%

11.8% 12.2%

AA and above A BBB BB and below AA and above A BBB BB and below

37 HDFC Bank Presentation Q4 FY2025

Certain figures reported above will not add-up due to rounding

STANDALONE

Deposits and advances trend

₹ tn ₹ tn

28% 29% 27% 30%

25% 16% 28% 26% 16% 14%
15% 16% 24% 15%
19% 21%
17% 18% 17% 19% 19% 20% 21% 19%

23.5 24.5 25.3 25.0 25.6 27.1

21.8 22.8 21.7 22.1 23.8 23.8
18.2 20.4 21.2 17.3 18.8 19.1
15.1 15.9 16.4 17.2 16.0 16.7

Average Deposits YoY growth EOP Deposits YoY growth

₹ tn ₹ tn
60% 61% 54% 6% 8%
62% 61% 60% 51% 8%
54% 7%
10% 8%
22% 26% 24% 21% 20%
23% 25% 26% 22% 20%

24.4 25.3 25.8 25.8 26.8 27.7

27.0 26.3
23.3 24.4 25.1 25.3 25.6 26.3
15.2 15.7 16.7 17.1
16.4 14.2
13.7 14.4 15.2 15.7

Average advances under management YoY growth EOP advances under management YoY growth

38 HDFC Bank Presentation Q4 FY2025

HDFC Limited merged with HDFC Bank effective July 1, 2023. Prior period numbers are not comparable.
Safe harbour statement
Certain statements are included in this release accounting standards, our ability to pay dividends, attacks by the United States, a United States-led
which contain words or phrases, such as ‘will’, the impact of changes in banking regulations and coalition or any other country, tensions between
‘aim’, ‘will likely result’, ‘believe’, ‘expect’, ‘will other regulatory changes on us in India and other India and Pakistan related to the Kashmir region
continue’, ‘anticipate’, ‘estimate’, ‘intend’, ‘plan’, jurisdictions, our ability to roll over our short-term or between India and China, military armament or
‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, funding sources and our exposure to market and social unrest in any part of India, the monetary
‘project’, ‘should’, ‘will pursue’ and similar operational risks. and interest rate policies of the Government of
expressions or variations of these expressions, India, natural calamities, inflation, deflation,
that are ‘forward-looking statements’. Actual By their nature, certain of the market risk unanticipated turbulence in interest rates, foreign
results may differ materially from those suggested disclosures are only estimates and could be exchange rates, equity prices or other rates or
by the forward-looking statements due to certain materially different from what may actually occur prices, the performance of the financial markets in
risks or uncertainties associated with our in the future. India and globally, changes in Indian and foreign
expectations with respect to, but not limited to, laws and regulations, including tax, accounting
As a result, actual future gains, losses or impact
our ability to implement our strategy successfully, and banking regulations, changes in competition
on net income could materially differ from those
the market acceptance of and demand for various and the pricing environment in India, and regional
that have been estimated. In addition, other
banking services, future levels of our non- or general changes in asset valuations.
factors that could cause actual results to differ
performing loans, our growth and expansion,
materially from those estimated by the forward- References to e-HDFCL are in respect of the
the adequacy of our allowance for credit and
looking statements contained in this document erstwhile Housing Development Financial
investment losses, technological changes,
include, but are not limited to: general economic Corporation Limited that was merged with HDFC
volatility in investment income, our ability to
and political conditions, instability or uncertainty Bank Limited effective July 1, 2023.
market new products, cash flow projections,
in India and other countries which have an impact
the outcome of any legal, tax or regulatory
on our business activities or investments caused
proceedings in India and in other jurisdictions we
by any factor, including terrorist attack in India, the
are or become a party to, the future impact of new
United States or elsewhere, anti-terrorist or other
39 HDFC Bank Presentation Q4 FY2025