Banking stocks trade mixed following Q1 show; ICICI, HDFC Bank gain, Bandhan, RBL Bank drag

Banking stocks traded mixed during the early session on Monday, July 21, following a slew of earnings over the weekend. Blue-chip index heavyweights such as HDFC Bank and ICICI Bank were trading solidly in the green, while smaller peers such as RBL Bank and Union Bank dragged.

Bank Nifty was higher by almost one percent, with HDFC Bank and ICICI Bank contributing to the gains to lift the index. Further, Kotak Bank and IDFC First Bank were the only other constituents trading with gains, while the others dragged.

The rest of the banking pack was trading mixed following a varied set of earnings from the private and public lenders for the quarter ended June 30, 2025. Here's a look at some key names and their performance.

ICICI Bank
Net Profit: Rs 12,768.21 crore (up 15 percent YoY)
NII: Rs 21,634 crore (up 8.4 percent YoY) ICICI Bank, India’s second-largest lender, led gains on the Bank Nifty index after it posted a better-than-expected set of numbers for the June quarter. The robust rise in profit and healthy NII growth supported positive investor sentiment.

HDFC Bank
Net Profit: Rs 18,155 crore (up 12 percent YoY)
NII: Rs 31,438 crore (up 6 percent YoY)
India’s largest private sector bank delivered steady earnings, though analysts noted some margin pressure due to higher deposit costs. The bank’s core net interest margin (NIM) slipped to 3.35 percent from 3.46 percent in the March quarter. However, shares were up 1.7 percent as brokerages hiked their target prices on the lender.

Bandhan Bank
Net Profit: Rs 372 crore (down 65 percent YoY)
NII: Rs 2,757 crore (down nearly 8 percent YoY) Bandhan Bank reported a sharp decline in profitability, driven by weaker margins and elevated provisions. Despite a slight uptick in total income, the results disappointed the Street, leading the bank's shares to fall nearly four percent intraday.

RBL Bank
Net Profit: Rs 200 crore (down 46 percent YoY)
NII: Rs 3,441 crore (flat QoQ) RBL Bank showed signs of sequential recovery in Q1 FY26, but its profit remained well below year-ago levels. NII stayed largely unchanged, and the stock remained under pressure.

Central Bank of India
Net Profit: Rs 1,169 crore (up 33 percent YoY)
NII: Rs 3,383 crore (down 4.6 percent YoY)
Central Bank of India posted a strong set of numbers for Q1 FY26, helped by higher interest earnings and a decline in bad loans. The net profit rose to Rs 1,169 crore from Rs 880 crore a year earlier.

Union Bank of India