Overview
- HDFC Bank’s standalone net profit rose 11.5% to Rs 18,653.75 crore as net interest income grew 6.4%, asset quality improved to a 1.24% GNPA ratio, and provisions declined year on year.
- ICICI Bank’s standalone PAT fell 4% to Rs 11,318 crore after an RBI-directed Rs 1,283 crore standard provision on certain agricultural loans and Rs 145 crore related to new labour codes lifted total provisions to Rs 2,556 crore.
- ICICI Bank shares dropped about 3.6% in morning trade following the results, even as core income and asset quality metrics remained stable.
- Punjab National Bank reported around Rs 5,100 crore in quarterly profit, up roughly 12–13% year on year, with GNPA at 3.19%, NNPA at 0.32% and capital adequacy improving to 16.77%.
- Sector earnings were supported by stronger credit growth and liquidity after the RBI’s CRR cut released about Rs 2.5 lakh crore into the system.