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ICICI Bank Outshines HDFC in Q4 as Markets Reward Faster Loan Growth

The split response reflects ICICI's growth tilt versus HDFC's income focus.

Overview

  • Investors marked the contrast on Monday, with ICICI Bank shares up about 2% after results and HDFC Bank down roughly 1% as traders weighed growth versus income.
  • ICICI Bank posted standalone Q4 profit of Rs 13,702 crore, net interest income rose 8.4%, advances grew 15.8% year-on-year, and the board proposed a Rs 12 dividend per share.
  • HDFC Bank reported Q4 profit of Rs 19,221 crore, net interest income grew 3.2%, loans rose 12.1% while deposits climbed 14.4%, which lowered its loan-to-deposit ratio and added funding comfort; the final dividend is Rs 13, taking FY26 to Rs 15.50 per share.
  • Both lenders showed cleaner books, with lower bad-loan ratios and provisions helping profits, though treasury income was soft and ICICI booked a Rs 106 crore treasury loss cited to recent currency-related rules and market swings.
  • Brokerages kept positive views but split emphasis, with several naming ICICI a near-term growth pick and casting HDFC as a steadier franchise with dividends, while flagging watchpoints such as HDFC’s leadership succession, margin trends, and ICICI’s new fundraising plans approved by its board.