Preview: Analysts see HDFC Bank post steady profit growth in Q4; ICICI Bank profit likely flat

ICICI Bank

17/04/2026 10:04

** Analysts on average expect HDFC Bank's Q4 profit to rise 8.5%, while ICICI Bank to post a flat profit growth on Saturday, according to data compiled by LSEG

** Healthy loan growth to drive topline increase for the top two Indian private lenders; HDFC Bank posted 12% rise in loans as of March-end

** While ICICI Bank did not give a quarterly update, analysts expect its loan growth at 14%

** They expect provisions to be elevated on y/y basis for ICICI Bank after a rise in Q3 following banking regulator's supervisory review

** Net interest margin expected to remain stable for HDBK, while it may shrink slightly for ICBK, as rate cut impact will be offset by deposit repricing, RBI's slashing of cash reserve ratio

** Asset quality to be broadly stable for ICBK, and HDBK's credit costs to be under control due to absence of seasonal stress - Motilal Oswal

** YTD, HDBK down 19%, while ICBK is flat compared to a 7% drop in Nifty 50 .NSEI

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))