HDFC & ICICI Bank report strong earnings with record profits in Q1

MUMBAI: HDFC Bank and ICICI Bank reported strong earnings progress for the quarter ended June 2025, supported by an increase in each curiosity and non-interest earnings. However, each lenders flagged margin pressures and adopted a cautious stance in sure retail segments. HDFC Bank declared a 1:1 bonus situation and an interim dividend of Rs 5 per share. The financial institution’s standalone web revenue rose 12.2% year-on-year to a record Rs 18,155 crore, up from Rs 16,175 crore in the year-ago quarter. The enhance was pushed by a 103.7% bounce in different earnings and a decrease tax outgo, at the same time as provisions rose fourfold. Total earnings grew 18.5% to Rs 99,200 crore, supported by a 6.1% rise in curiosity earnings. Earnings from investments rose 20.1%, whereas earnings from balances with RBI and interbank funds surged 41.7%. As of June-end, ad- vances stood at Rs 27.8 lakh crore, up 8%, whereas deposits rose 16% to Rs 27.6 lakh crore. ICICI Bank posted a 15.4% year-on-year progress in standalone web revenue to Rs 12,768 crore, in contrast with Rs 11,059 crore a yr earlier. Profit progress was backed by a ten.1% rise in curiosity earnings and a 21.5% enhance in different earnings. Operating revenue rose 17% to Rs 18,746 crore, whereas provisions grew 36.2% to Rs 1,815 crore. Advances rose 11.5% to Rs 13.6 lakh crore, and deposits elevated 12.8% to Rs 16 lakh crore. The board additionally accredited acquisition of ICICI Prudential Pension Funds Management Company for Rs 203.5 crore, making it an entirely owned subsidiary, pending regulatory approvals. HDFC Bank CFO Srinivasan Vaidyanathan mentioned mortgage progress is predicted to match the business in FY26 and enhance by FY27, led by consumption-driven lending. Mortgages grew 7%, and general retail lending rose 9.6%. ICICI’s ED Sandeep Batra mentioned private mortgage and bank card progress slowed to 1% resulting from calibrated danger administration however asset high quality remained steady.