ICICI Bank is currently favored by short-term investors over HDFC Bank due to its strong June quarter performance, marked by healthy profit growth and resilient margins. HDFC Bank faces post-merger challenges, including a high credit-deposit ratio, impacting investor sentiment. While ICICI Bank offers better near-term earnings visibility, HDFC Bank’s long-term growth potential remains a key focus for investors.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs