ICICI, Axis, and Yes Bank Post Strong Profit Growth in Q2FY27 as Treasury Gains Weigh on HDFC
· Business · LiveMint, Economic Times
ICICI Bank, Axis Bank, and Yes Bank reported double-digit growth in net profit after tax for the second quarter of financial year 2026-27, while HDFC Bank posted modest single-digit growth due to lower treasury gains. HDFC Bank recorded a 4.7% annual jump in standalone net profit to Rs 19,510 crore, weighed down by a 67% decline in treasury trading gains to Rs 780 crore. ICICI Bank registered a 20.1% increase in net profit to Rs 14,843 crore, supported by strong loan growth and lower bad-loan provisions, with net interest income rising 17.7% to Rs 25,339 crore. Axis Bank posted a 38% surge in net profit to Rs 7,003 crore driven by falling provisions and improving asset quality. Meanwhile, IDBI Bank reported a 39% decline in net profit to Rs 2,205 crore due to a high-base effect from a previous one-time gain, even as its underlying profit surged 14%.
Why it matters
The Q2 results show divergent profit trajectories among India's major lenders as private banks balance robust credit growth against volatile treasury returns and provisioning levels.
Read the original report — LiveMint
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