Top 5 private banks’ Q2 results show diverging paths — ICICI stays at the top

India’s top five private banks delivered a mixed performance in the September quarter of FY26. ICICI Bank continued its dominance with industry-leading profitability and stable margins, while HDFC Bank showed signs of steady growth revival. Kotak Mahindra Bank posted consistent results, Axis Bank surprised with cleaner asset quality, and IndusInd Bank remained under pressure amid higher provisioning.

4 Min Read

The September quarter (2Q) of financial year 2026 (FY26) saw India’s top private lenders delivering a steady performance despite a narrowing net interest margin (NIM) environment.

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