HDFC Bank, ICICI Bank and Axis Bank report sequential declines in net interest margins as FCNR(B) deposits weigh on earnings, but expect recovery as funds are deployed
ICICI Bank reported a 20.1 per cent year-on-year rise in standalone net profit to ₹14,843 crore in the July-September quarter of FY27.
Stocks to watch: HDFC Bank, ICICI Bank, YES Bank, Axis Bank, Bajaj Finance, DLF, OMCs, NTPC, Bajaj Auto, Oberoi Realty, and more stocks will be in focus today.
Net interest income grew 17.7 per cent to Rs 25,339 crore, while provisions declined and the gross NPA ratio improved to 1.20 per cent
Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today
The bank is slated to post its September quarter earnings this Saturday (October 17) along with several other leading private banking names.
HDFC Bank, ICICI Bank and SBI saw their market capitalisation decline in the July-September quarter, while Kotak Mahindra Bank overtook Axis Bank to become the fourth-largest lender by market value
Jefferies has named ICICI Bank, State Bank of India (SBI) and Axis Bank as its top picks among large-cap banks post RBI MPC outcome.
At 10:31 AM on Wednesday, the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services traded up to 1% higher; while, the Nifty Auto and Nifty Realty remained in negative zone.
HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles
V N Srivatsan, who currently handles overseas banking compliance and data privacy at ICICI Bank, is proposed to join HDFC Bank on January 4, 2027, for a three-year term
ICICI Bank leases 3,347 sq ft Pune office for ₹2.5 lakh a month; footprint at property rises to 6,141 sq ft
The launch, starting with a single major banking partner, would help the US company offer its payment service in the world's most populous country
The two lenders in GIFT City, disbursed a combined $19.3 billion through RBI's concessional swap facility for foreign-currency non-resident deposits which ran from June till the end of August
Stocks to watch today: ICICI Bank, LIC, SBI, Dixon Tech, TCS, NMDC, JSW Steel, RVNL, Tata Motors, CG Power, BEML, among others, will be in focus today.
RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank's paid-up share capital or voting rights within one year, subject to regulatory conditions
The gains in bank stocks come against a backdrop of a sharp surge in foreign-currency inflows, which has boosted liquidity across the banking system.
Meesho's shares will remain in focus after a likely block deal to sell 1.5 per cent of Meesho's paid-up equity by SoftBank Vision Fund entity SVF II Meerkat is expected today.
The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility
The lender bought about 29 million shares through the stock exchange mechanism between July 22 and September 2, taking its holding in the life insurer to 52.8 per cent