Bank Q2 results announced on October 17, 2026, showed higher September-quarter profits at HDFC Bank, ICICI Bank and Axis Bank, while IDBI Bank reported a decline. YES Bank also posted profit growth, but its figures excluded the impact of a Supreme Court ruling concerning its ₹8,400 crore AT-1 bond write-off.
Key Takeaways
- HDFC, ICICI and Axis reported higher profits for the second quarter of fiscal 2027.
- IDBI’s profit fell 39%, while Central Bank of India reported higher profit and total income.
- YES Bank’s 65% profit increase excluded the impact of the Supreme Court’s AT-1 bond ruling.
Table of Contents
- Bank Q2 results show different rates of profit growth
- IDBI declines as Central Bank of India improves
- YES Bank profit carries an AT-1 ruling caveat
- Conclusion
Bank Q2 results show different rates of profit growth
HDFC Bank reported standalone net profit of ₹19,510 crore for the quarter ended September 30, 2026, up 5% from a year earlier. Net interest income grew 10%.
ICICI Bank’s September-quarter performance review showed standalone profit rising 20.1% to ₹14,843 crore. Consolidated net profit, which includes subsidiaries, increased 22.28% to ₹16,333.18 crore from ₹13,357.06 crore a year earlier.
Axis Bank’s consolidated net profit rose 39.4% to ₹7,704.67 crore from ₹5,527.85 crore. Its standalone profit increased 37.6% to ₹7,003.28 crore from ₹5,089.64 crore.
The accounting basis matters when comparing these results: standalone earnings describe the bank itself, while consolidated earnings include subsidiaries. HDFC’s headline figure here is standalone; the larger headline figures for ICICI and Axis are consolidated.
| Item | Details |
|---|---|
| ICICI Bank net interest income | ₹25,339 crore in Q2 FY2027, up 17.7% year over year. |
| ICICI Bank net interest margin | 4.18%, compared with 4.30% a year earlier. |
| ICICI Bank gross bad-loan ratio | 1.20% at September 30, 2026, down from 1.58% a year earlier. |
| Central Bank of India total income | ₹11,737 crore, compared with ₹10,212 crore a year earlier. |
IDBI declines as Central Bank of India improves
IDBI Bank reported a 39% fall in quarterly net profit to ₹2,205 crore as non-interest income moderated. The earnings decline came despite higher total income and improving asset quality, showing that those improvements did not translate into higher bottom-line profit.
Central Bank of India’s net profit increased to ₹1,469 crore from ₹1,324 crore a year earlier, supported by improved core income and fewer bad assets. Its total income also rose.
YES Bank profit carries an AT-1 ruling caveat
YES Bank reported a 65% increase in quarterly profit to ₹1,080 crore, excluding the impact of the Supreme Court ruling concerning its ₹8,400 crore additional tier-1, or AT-1, bond write-off.
That exclusion is material to interpreting the result. The reported profit increase does not establish the bank’s earnings position after incorporating the ruling, and the available figures do not quantify the resulting adjustment.
Conclusion
The September-quarter results showed profit growth across several major lenders, but not at IDBI. The key unresolved disclosure is the financial effect of the AT-1 ruling on YES Bank; its reported profit excludes that impact.
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