Asset quality may remain stable for both

HDFC & ICICI Bank Q1 Results Live Updates: India’s two largest private lenders, HDFC Bank Ltd. and ICICI Bank Ltd. are set to report results later today. While HDFC Bank has already shared some of its parameters in terms of business performance in its quarterly update, ICICI Bank will be sharing the same along with its numbers today. Watch this space for all the live updates.HDFC & ICICI Bank Q1 Results Live Updates: India’s two largest private lenders, HDFC Bank Ltd. and ICICI Bank Ltd. are set to report results later today. While HDFC Bank has already shared some of its parameters in terms of business performance in its quarterly update, ICICI Bank will be sharing the same along with its numbers today. Along with its results, HDFC Bank will also be considering a bonus issue of shares and a special dividend for its shareholders. This is after it received ₹10,000 crore as a one-time consideration after selling some of its stake in HDB Financial Services during its IPO. While HDFC Bank has cooled off marginally from its all-time high, ICICI Bank remains close to those levels. The results derive more significance, particularly after Axis Bank’s performance, which led to the stock declining on Friday. Growth, asset quality and slippages will continue to remain a key monitorable. Watch this space for all the live updates.

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