HDFC Bank and ICICI Bank Report Strong Q2 Profit Growth

HDFC Bank reported growth in its financial performance for the second quarter of the 2026–27 financial year, ending in September. Its consolidated net profit rose by more than 5% to ₹20,700 crore, compared with ₹19,611 crore in the corresponding period last year. On a standalone basis, net profit increased 4.7% to ₹19,510 crore. Revenue grew from ₹91,040 crore to ₹97,258 crore, while expenses increased from ₹63,117 crore to ₹67,774 crore. The bank’s gross non-performing asset (GNPA) ratio improved to 1.11% from 1.17% in the previous quarter.

Meanwhile, ICICI Bank exceeded market expectations in its second-quarter results. Its consolidated net profit increased 22.28% to ₹16,333.18 crore. On a standalone basis, net profit rose 20.1% year-on-year to ₹14,843 crore. The bank also reported an improvement in asset quality, with its gross non-performing asset ratio declining to 1.2% from 1.4% in the previous quarter. The results highlight profit growth and improving asset quality at both major private-sector lenders.