ICICI Bank wins analysts’ vote after Q1 show; HDFC Bank, Axis, Kotak & Yes Bank face scrutiny

ICICI Bank shares rose over 1% after reporting a 16% year-on-year rise in standalone net profit to Rs 14,805 crore for Q1 FY27, with net interest income up nearly 13%. Shares of HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank fell 2-5% as their June quarter results disappointed, wiping about Rs 70,000 crore from HDFC Bank's market value; HDFC Bank posted a 5% YoY net profit rise to Rs 19,060 crore with NII up 7% to Rs 33,534 crore, while Axis, Kotak and Yes Bank reported 23%, 26% and 34% YoY net profit growth respectively. Analysts broadly endorsed ICICI Bank as their preferred pick for clean execution across all metrics, also recommended Kotak Mahindra Bank as a buy, described HDFC Bank as in-line, and cautioned against Yes Bank citing weak deposit franchise and sub-5% ROE.