Q2 FY27 bank results: HDFC, ICICI, Axis report lower NPAs
Why in the news
India’s three largest private sector lenders, HDFC Bank, ICICI Bank and Axis Bank, announced their results for the July-September 2026 quarter (Q2 FY27) on Saturday, 17 October 2026. All three reported better asset quality.
Key facts
- HDFC Bank: net profit of ₹19,510 crore, up 4.7% year-on-year; consolidated profit ₹20,700 crore. Total deposits reached ₹33.27 trillion (up 18.8%) and gross advances ₹32.2 trillion (up 16.3%).
- ICICI Bank: standalone profit ₹14,843 crore (up 20.1%) and consolidated profit ₹16,333 crore (up 22.3%). Net interest margin eased to 4.18%; provision coverage ratio stood at 75%.
- Axis Bank: profit climbed 38% to ₹7,003 crore, mainly because provisions halved to ₹1,694 crore. Capital adequacy ratio was 16.27%.
| Indicator | HDFC Bank | ICICI Bank | Axis Bank |
|---|---|---|---|
| Net profit (standalone) | ₹19,510 cr (+4.7%) | ₹14,843 cr (+20.1%) | ₹7,003 cr (+38%) |
| Net interest income | ₹34,620 cr (+9.7%) | ₹25,339 cr (+17.7%) | ₹15,371 cr (+12%) |
| Gross NPA | 1.11% | 1.20% | 1.16% |
| Net NPA | 0.37% | 0.30% | 0.35% |
About the key terms
- Net interest income (NII) is the gap between interest a bank earns on loans and investments and the interest it pays on deposits and borrowings.
- Gross NPA measures bad loans against gross advances; net NPA deducts provisions already made against those loans.
- Provision coverage ratio shows how much of the bad-loan stock has been set aside as provisions.
Exam angle
- ICICI Bank had the lowest NNPA (0.30%) of the three; HDFC Bank had the lowest GNPA (1.11%).
- HDFC Bank’s GNPA improved from 1.17% in the June quarter and 1.24% a year earlier.
- Q2 of a financial year covers July to September.