Indian banks forecast 10.1% profit growth in Q1
after close1 source ↓written by the desknot a recommendation
- YoY for Q1
- 10.1% profit growth
- from the previous
- 1.7% decline
- credit growth reached
- 17.1%
- while deposits grew
- 12%
Indian banks are projected to achieve 10.1% profit growth YoY for Q1 FY2027, despite a 1.7% decline from the previous quarter. System credit growth reached 17.1%, while deposits grew 12%. Notably, HDFC, ICICI, and Axis Bank may see a slight decline in net interest margins (NIM), contrasting with expected expansions for IndusInd Bank and others.
Not investment advice. For informational purposes only.