Here’s a detailed comparison of ICICI Bank and HDFC Bank‘s Q4 FY25 financial results, highlighting their performance across key metrics:
HDFC Bank vs ICICI Bank – Q4 FY25 Results
| Metric | HDFC Bank | ICICI Bank |
| Net Profit | ₹17,616 crore | ₹12,630 crore |
| YoY Profit Growth | 6.7% | 18% |
| Net Interest Income (NII) | ₹32,070 crore (up 4.6% YoY) | ₹21,193 crore (up 11% YoY) |
| Net Interest Margin (NIM) | 3.46%–3.65% (core margin) | 4.41% (up from 4.25% QoQ) |
| Loan Growth (YoY) | 4% sequential growth in gross advances | 13.9% YoY, driven by retail demand |
| Deposit Growth (YoY) | 5.9% sequential growth to ₹27.15 trillion | 14% YoY |
| Gross NPA Ratio | 1.33% (down from 1.42% QoQ) | 1.67% (down from 1.96% QoQ) |
HDFC Bank: Post-Merger Stabilization
Following its merger with Housing Development Finance Corporation in July 2023, HDFC Bank has been focusing on stabilizing its loan-to-deposit ratio, which stood at 96.5% as of March 2025. The bank aims to bring this ratio down to 85–90% by FY27. Despite a modest 6.7% YoY increase in net profit, HDFC Bank‘s asset quality improved, with gross NPAs reducing to 1.33% from 1.42% in the previous quarter.
ICICI Bank: Robust Growth Trajectory
ICICI Bank reported an 18% YoY increase in net profit, reaching ₹12,630 crore, surpassing analyst expectations. The bank’s net interest income grew by 11% YoY to ₹21,193 crore. Strong retail loan demand contributed to a 13.9% YoY growth in total loans. Asset quality also improved, with the gross NPA ratio declining to 1.67% from 1.96% in the previous quarter.
Conclusion
- HDFC Bank is focusing on post-merger integration and aims to optimize its loan-to-deposit ratio while maintaining asset quality.
- ICICI Bank continues its robust growth trajectory, driven by strong retail loan demand and improved asset quality.
For investors and stakeholders, ICICI Bank‘s performance indicates a strong growth momentum, while HDFC Bank‘s focus on stabilization post-merger suggests a strategic approach to long-term sustainability.