HDFC Bank vs ICICI Bank vs Yes Bank: Which stock to buy after Q1 results 2026?

HDFC Bank vs ICICI Bank vs Yes Bank: Shares of banking companies like HDFC Bank, ICICI Bank and Yes Bank will remain in focus on Monday, 20 July, after the companies reported their financial results for the quarter ended on 30 June, 2026 (Q1 results FY26) on Saturday, 18 June.

HDFC Bank posted a standalone net profit of ₹19,060 crore for the April–June quarter of FY27, marking a 5% year-on-year (YoY) increase from ₹18,155 crore reported in the same quarter of the previous financial year.

HDFC Bank's net interest income (NII), or the difference between interest earned and interest paid, increased 7% year-on-year to ₹33,534 crore in the first quarter of FY27, compared with ₹31,438 crore in the corresponding quarter of the previous fiscal.

During the quarter, the bank's gross non-performing assets (NPAs) declined over 3% year-on-year to ₹35,846 crore, while net NPAs edged up marginally to ₹12,357 crore.

The lender reported a net interest margin (NIM) of 3.26% on total assets and 3.40% on interest-earning assets. Meanwhile, its total balance sheet expanded to ₹43.97 lakh crore as of June 30, 2026, from ₹39.54 lakh crore a year earlier.

ICICI Bank reported a 16% year-on-year increase in net profit to ₹14,804.50 crore for the June quarter, compared with ₹12,768.21 crore in the corresponding period last year.

The lender also posted robust growth in its core lending operations, with net interest income (NII) rising 12.7% year-on-year to ₹24,384 crore during Q1 FY27. The increase was supported by healthy credit growth and improved margins. Net interest margin (NIM) came in at 4.36% for the quarter, slightly higher than 4.34% recorded a year earlier.

Asset quality remained strong, with the gross non-performing asset (GNPA) ratio improving to 1.38% and the net non-performing asset (NNPA) ratio at 0.35% as of June 30, 2026.

The bank's total advances rose 19.6% year-on-year to ₹16,31,260 crore at the end of the June quarter, while deposits grew 14% to ₹18,33,586 crore. Retail loans made up 49.2% of the total loan portfolio and expanded 12% from the year-ago period.

Yes Bank reported a net profit of ₹1,071 crore for the April–June 2026 quarter, marking a 33.7% YoY increase and a marginal 0.2% QoQ rise. Its net interest margin (NIM) for Q1 FY27 improved to 2.7%, up 20 basis points from a year ago, supported by a lower cost of deposits and reduced balances of Priority Sector Lending (PSL) shortfall deposits.

The private sector lender posted a 18.3% YoY and 4.3% QoQ growth in advances, while deposits increased 14.3% YoY. On an Average Quarterly Balance (AQB) basis, advances and deposits grew 15.1% and 14.8% YoY, respectively.

CASA deposits rose 14.3% YoY, while CASA growth on an AQB basis came in slightly higher at 15% YoY.

Retail asset disbursements maintained strong momentum during the quarter, surging 27.5% YoY, reflecting continued traction in the bank's retail lending business.

According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, for long-term investors, the private lender is the defensive compounder. It offers predictability, best-in-class underwriting, and a dominant retail franchise, though ROE expansion will hinge on merger synergies and CASA recovery. It fits as a core portfolio holding for stability and compounding.

Srivastava said that over the past five years, ICICI has consistently gained market share without sacrificing asset quality, backed by a strong digital and retail engine.