HDFC Bank and ICICI Bank are expected to reel in decent profits in the fourth quarter, supported by healthy growth in advances and lower credit costs.
Broking firms have pencilled in a Q4FY26 net profit growth of about 6-11 per cent year-o-year (yoy) for HDFC Bank, India’s largest private sector bank (PVB), and 1-3 per cent yoy for ICICI Bank, India’s second largest PVB.
YES Securities and Systematix Research expect HDFC Bank’s Q4FY26 net profit at ₹18,640 crore (up about 6 per cent yoy) and ₹19,513 crore (up about 11 per cent), respectively.
YES Securities and Systematix Research expect ICICI Bank’s Q4FY26 net profit at ₹13,040 crore (up about 3.2 per cent yoy) and ₹12,721 crore (up about 1 per cent), respectively.
In its results preview for the aforementioned private sector banks’, YES Securities noted that sequential loan growth will be in the 3.5 per cent ballpark due to idiosyncratic growth trajectory.
“NII (net interest income) growth will be slightly higher than average loan growth due to a rise in yield on advances outpacing cost of deposits. Consequently, NIM will be slightly higher sequentially.
“Sequential fee income growth will be higher than loan growth. Opex growth would be lower than business growth. Slippages would be lower on sequential basis due to seasonality. Provisions will be lower on sequential basis,” the broking firm said.
Centrum Broking expects ICICI Bank to report a 2.5 per cent yoy growth in fourth quarter net profit at ₹12,949 crore.
“We project a 4.5% growth in NII (net interest income) on QoQ (quarter-on-quarter) basis, higher than the growth in advances, with NIM (net interest margin) expected to remain stable.
“Resultantly, PPoP (pre-provisioning operating profit) is anticipated to see a rise QoQ at 7.5 per cent due to higher fee and interest income. On the earnings front, the bank is likely to report a rise by 14.2 per cent QoQ due to improvement in credit cost,” Centrum said.
Published on April 17, 2026
