Loan News · 19 October 2026 · 3 min read
In short: Five banks reported their July–September 2026 results on Saturday, 17 October. ICICI Bank and Axis Bank grew profit by 20% and 38%. HDFC Bank grew just 4.7% as treasury income fell. Bad loans fell at all the big private banks.
How the banks did
| Bank | Net profit | Change vs last year | Net interest income |
|---|---|---|---|
| HDFC Bank | ₹19,510 crore | +4.7% | ₹34,619 crore (+9.7%) |
| ICICI Bank | ₹14,843 crore | +20.1% | ₹25,339 crore (+17.7%) |
| Axis Bank | ₹7,003 crore | +38% | ₹15,371 crore (+12%) |
| IDBI Bank | ₹2,205 crore | −39% | Not reported |
| Yes Bank | ₹1,080 crore | +65% | Up 22.7% |
HDFC Bank and ICICI Bank figures are standalone; Yes Bank’s is consolidated. IDBI Bank’s fall is because last year included a one-time gain of ₹1,699 crore; without it, profit rose about 14%. Axis Bank’s profit was slightly below analysts’ estimates of ₹7,157 crore.
What it means for you
- Banks want your deposits: deposits grew fast at HDFC Bank (18.8%), Axis Bank (21%) and ICICI Bank (27% including foreign currency deposits). Banks competing for money is good for fixed deposit rates, so compare FD rates before renewing.
- Loans are growing quickly: advances rose 16% at HDFC Bank, 23% at Axis Bank and 24% at Yes Bank. Most of this is business and small-enterprise lending, but banks are also keen on retail loans.
- Margins are under pressure: the interest margin fell at ICICI Bank (4.18% from 4.30%) and is low at Axis Bank (3.36%). After the RBI’s rate hike this month, banks may raise loan rates faster than deposit rates to protect margins.
- Fewer bad loans: gross NPAs fell to 1.11% at HDFC Bank, 1.16% at Axis Bank and 1.20% at ICICI Bank, which means the banks are in good health.
If your home loan rate goes up, check the impact with our Rate Change Calculator.
Sources
- Mint via TradingView: Q2 results race, HDFC vs ICICI vs Axis vs Yes vs IDBI
- Business Today: Axis Bank Q2 net profit surges 38% (17 October 2026)
- Business Standard: HDFC Bank Q2 FY27 result
- Equitybulls: ICICI Bank Q2 FY27 results
This is a news summary for education, not investment advice. Figures are as reported by the banks and media on 17 October 2026; check the banks’ official filings before making decisions.