HDFC Bank's earnings growth is likely to converge with ICICI Bank by FY28, helping the former achieve premium valuation over the latter, Emkay Global said
Stocks to Watch today, December 03: Shares of SBI, HDFC Bank, and ICICI Bank will remain in focus today as RBI has announced that they will continue to be classified as systemically important banks
Outflows of over $300 million each
The brokerage argued that the profitability downcycle, marked by several quarters of net interest margin (NIM) compression and elevated credit costs, is now behind the sector.
The bank had also outsourced the function of determining compliance with KYC norms of certain customers to its outsourcing agents
IIFL Capital forecasts flattish earnings for banks in FY26, but expects a strong rebound in FY27-28, with earnings CAGR of 21 per cent for private banks and 14 per cent for PSUs
Zomato emerges fastest-rising brand for second year in a row
Credit card spending surged in September 2025 on strong festive demand and GST rationalisation, with private lenders such as HDFC Bank and ICICI Bank leading the growth in per-card spends
Earnings for the 151 MOFSL Universe companies rose 14 per cent year-on-year (Y-o-Y), above the brokerage's 9 per cent estimate.
Some HDFC customers have claimed they were not properly informed about the high-risk nature of the bonds, though the lender has maintained it complied with all applicable laws
HDFC Bank (HDFCB) reported a steady Q2FY26, with profit rising 11 per cent Y-o-Y to ₹186.4 billion, aided by healthy NII of ₹315.5 billion and strong treasury gains of ₹23.9 billion
Sensex today | Stock Market LIVE Updates, Monday, October 20, 2025: BSE Sensex ended at 84,363.37 levels, up 411.18 points or 0.49 per cent.
HDFC Bank shares hit a 52-week high after strong Q2FY26 results, lifting markets, while ICICI Bank dipped slightly. Analysts stayed bullish on both lenders, citing robust growth and stable margins
The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said. The lender, which had 2.20 lakh employees as of September, is carrying out some "lighthouse experiments" in technologies, including generative AI, which will deliver its advantages in the next 18-24 months, HDFC Bank Chief Executive and Managing Director Sashidhar Jagdishan said on Saturday. "Frankly, AI is not going (to result in) any layoff whatsoever in our bank, at least. Because I see this as a massive opportunity to move people from the backend to the front end or to the technology end," Jagdishan told reporters in the post-earnings call, replying to a specific question on the impact of AI on jobs. "It's only going to change the mix of where our people are going to be positioned. But, it is not going to reduce people apart from normal attrition that we have," he added in the remarks that come amid heightened concerns ove
HDFC Bank has set up its own factory for some of the emerging technologies, says MD Jagdishan
HDFC Bank on Saturday reported a 10 per cent jump in its consolidated net profit for September quarter at Rs 19,610.67 crore. On a standalone basis, the largest private sector lender's net rose 10.82 per cent to Rs 18,641.28 crore for the July-September period. The bank's overall income rose to Rs 91,040 crore as against Rs 85,499 crore in the year-ago period, and Rs 99,200 crore in the preceding June quarter. The gross non-performing assets ratio improved to 1.24 per cent as of September from 1.40 per cent three months ago and 1.36 per cent in the year-ago period. Overall provisions increased to Rs 3,500 crore from Rs 2,700 crore in the year-ago period, but was much lower than Rs 14,441 crore recorded in the previous quarter.
Q2FY26 company results: Many banks including IDBI, IDFC First, IndusInd, Jammu & Kashmir Bank, and Punjab National Bank will also release their September quarter earnings reports today
The Nifty Bank index touched a record high of 57,828.30 on Friday, surpassing its previous peak of 57,628.40 recorded on July 2, 2025
HDFC Bank Q2FY26 results may show flat profit growth, said analysts. They expect strong loan growth but pressure on margins. Results to be announced on Saturday, October 18, 2025
Analysts say large lenders like HDFC Bank, ICICI Bank and SBI have strong provisioning buffers, while those with unsecured or microfinance exposure may face higher impact