ICICI, HDFC and Axis Bank: brokers weigh in after second-quarter results
Nuvama and Systematix keep Buy ratings on India's three largest private lenders, with ICICI Bank named the preferred pick.
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what happened
India's three largest private-sector lenders posted mixed results for the September quarter of fiscal 2027, according to ru.tradingview.com, which cites Mint. ICICI Bank raised standalone net profit 20.1% year on year to 14,843 crore rupees, while net interest income rose 17.7%. Net interest margin fell 12 basis points sequentially to 4.18%.
HDFC Bank reported a 4.7% rise in standalone profit to 19,510 crore rupees, and its gross non-performing asset ratio improved to 1.11% from 1.17%. The bank is preparing a leadership change, with Anup Bagchi set to become managing director and chief executive. Axis Bank lifted standalone profit 37.6% to 7,003 crore rupees, but Nuvama said quarterly profit missed its estimates by about 7%.
Nuvama and Systematix kept Buy ratings on all three stocks. Nuvama named ICICI Bank its preferred large-cap private lender and set a target price of 1,850 rupees.
why it matters
For markets, the differences in credit growth and margins matter most. Strong lending at ICICI and expected margin recovery support the sector, while the leadership change at HDFC Bank remains a source of uncertainty.
market impact
Indian banks: ICICI's strong lending and margins support the sector; HDFC's leadership change is a risk factor
tags
instruments
sources
- ICICI Bank vs HDFC Bank vs Axis Bank: Which stock to buy, sell or hold after Q2 results? — ru.tradingview.com, 18 October 2026 at 06:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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