Business

HDFC & ICICI Bank Shatter Records with Stunning Q1 Profits Amid Rising Market Challenges

Record-Breaking Earnings in Q1

HDFC Bank and ICICI Bank have reported remarkable earnings growth for the quarter ending June 2025, driven by significant increases in both interest and non-interest income. Despite facing margin pressures, both banks have managed to achieve unprecedented profits.

HDFC & ICICI Bank report strong earnings with record profits in Q1

Financial Highlights

HDFC Bank announced a 1:1 bonus issue and an interim dividend of Rs 5 per share, with its standalone net profit soaring 12.2% year-on-year to a record Rs 18,155 crore. ICICI Bank wasn't far behind, posting a 15.4% increase in standalone net profit to Rs 12,768 crore. Both banks saw substantial growth in their interest and other income, marking a strong start to the fiscal year.

Future Outlook

With advances and deposits showing healthy growth, both banks are cautiously optimistic about the future. HDFC Bank's CFO highlighted expectations for loan growth to match industry standards by FY26, while ICICI Bank's ED noted a strategic slowdown in personal loan and credit card growth to manage risks effectively.