π Q1 Results Update: HDFCBANK & ICICIBANK π
π¨ HDFCBANK (Q1FY25)
Net Profit: βΉ17,622 Cr (up 34% YoY)
Net Interest Income (NII): βΉ29,177 Cr (up 3% YoY)
Provisions rose slightly, while asset quality remained stable.
Growth driven by strong retail loans & merger integration gains.
π¦ ICICIBANK (Q1FY25)
Net Profit: βΉ10,636 Cr (up 18% YoY)
NII: βΉ19,093 Cr (up 4% YoY)
Asset quality improves further with lower NPAs.
Retail & SME loan growth continues to power performance.
π Both banks show resilience amidst a high-rate environment, but margins are under pressure. Keep an eye on loan book trends ahead!
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