Economy
Private Lenders Report Mixed Q2 Performance as Brokerages Retain Buy Ratings
Livemint1h
THE BRIEF
1
India's three largest private-sector banks posted mixed Q2 FY27 earnings, with ICICI Bank reporting a 20.1% rise in standalone net profit to ₹14,843 crore.
2
HDFC Bank posted a 4.7% increase in standalone net profit to ₹19,510 crore alongside an improving gross non-performing asset ratio of 1.11% while preparing for a leadership transition.
3
Axis Bank recorded a 37.6% jump in standalone net profit to ₹7,003 crore, though lower treasury gains and higher staff costs led to a 7% profit miss against Nuvama estimates.