ICICI Bank vs HDFC Bank: Who Comes Out On Top? (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

As the September quarter earnings season slowly unfolds, India's top two private lenders - HDFC Bank and ICICI Bank - have put out contrasting pictures in the quarter gone by.

While both lenders showed signs of strength, their paths diverged due to at least six reasons.

HDFC Bank, for its part, saw its bottom line get a booster dose from one-off treasury gains, with the lender reporting an 11% profit growth in the September quarter.

ICICI Bank had a slower growth in contrast, but the operational performance of the bank appeared healthier on paper.

The Numbers' Game

Let's put this into perspective. ICICI Bank saw a 68% year-on-year decline in treasury inc

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