HDFC Bank Q3FY26 Preview: Steady Earnings Expected Amid LDR Concerns

• HDFC Bank to announce Q3FY26 earnings on January 17, with analysts expecting steady numbers.
• Loan-to-deposit ratio (LDR) exceeding 99% raises investor concerns, despite management's earlier guidance to bring it below 90%.
• Net interest income (NII) and profit after tax (PAT) are projected to grow by around 7% year-on-year.
• Net interest margins (NIMs) are expected to modestly improve by 6 basis points to 3.46%, aided by CRR cut and deposit repricing.
• Management commentary on LDR trajectory, loan growth, and asset quality (especially agri loans) will be key drivers for the stock.

Why It Matters: HDFC Bank anticipates stable Q3FY26 earnings, but high LDR and future growth strategy remain key investor concerns.