Q1 Showdown: Analysts pick top bets as ICICI Bank, HDFC, Axis, Kotak, Yes Bank gear up for results this week

Major private banks including ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank are set to announce Q1 FY27 results this week. Nomura expects modest core-PPOP growth with soft NII growth and muted PAT growth, naming ICICI Bank, HDFC Bank and Kotak Mahindra Bank as top picks. Kotak Institutional Equities flagged potential NIM contraction as a key risk, while Motilal Oswal channel checks pointed to strong MSME credit demand with private banks gaining share in higher ticket sizes. Analysts at Angel One favoured ICICI Bank for cleanest asset quality and consistent above-18% ROE, while flagging HDFC Bank for governance overhang post the Atanu Chakraborty resignation.