India's HDFC Bank, ICICI Bank rise on upbeat quarterly results

ICICI Bank

21/07/2025 04:52

July 21 (Reuters) - Shares of HDFC Bank HDBK.NS and ICICI Bank ICBK.NS, India's top private lenders by market capitalisation, rose nearly 2% on Monday, after their quarterly results inspired confidence about their ability to maintain healthy loan growth.

The stocks, among the heaviest on the Nifty 50, drove the banks index .NSEBANK and private banks index .NIFPVTBNK higher by 0.4% and 0.3%, respectively.

India's benchmark Nifty 50 .NSEI index was trading flat.

Both the lenders reported on Saturday their June quarter profits that beat analysts estimates, as they benefited from healthy loan growth, which boosted core lending income.

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))