Overview
- HDFC Bank reported standalone net profit of Rs 18,653.75 crore, with net interest income up 6.4% and other income rising over 15% as gross NPAs improved to 1.24% and advances grew 11.9% year on year.
- ICICI Bank’s standalone profit fell about 4% to Rs 11,318 crore after a Rs 1,283 crore standard-asset provision directed by the RBI for certain agricultural priority-sector loans, even as NII rose 7.7% and NIM touched 4.3%.
- ICICI Bank shares slipped roughly 3.6% in early trade on the BSE following the results, while HDFC Bank saw mild profit booking with intraday losses of about 1%.
- UCO Bank’s Q3 net profit rose 15.76% to Rs 739.51 crore as gross NPAs eased to 2.41% and the capital adequacy ratio stood at 17.43%; Punjab & Sind Bank’s profit increased 19% to Rs 336 crore with gross NPAs down to 2.6% and net NPAs at 0.74%.
- Sector earnings benefited from a 100 bps CRR cut releasing roughly ₹2.5 lakh crore of liquidity that supported credit deployment, with investors now zeroing in on deposit traction, net interest margins and any further regulatory provisions.