India's two leading private lenders—ICICI Bank and HDFC Bank—have reported strong financial performances for the March 2025 quarter (Q4 FY 24-25). While both banks delivered robust profits and healthy balance sheets, a closer comparison reveals differing drivers behind their growth trajectories. While HDFC Bank led in absolute NII and deposit growth, ICICI Bank’s superior growth rates and efficiency metrics make it the stronger performer in Q4 FY25. However, HDFC Bank’s larger scale and cost optimization efforts position it well for long-term growth. India's two leading private lenders—ICICI Bank and HDFC Bank—have reported strong financial performances for the March 2025 quarter (Q4 FY 24-25). While both banks delivered robust profits and healthy balance sheets, a closer comparison reveals differing drivers behind their growth trajectories. Get a complete overview of the financial results of HDFC Bank for every fiscal quarter from quarter 1 to quarter 4 for all past years. Learn about the financial results & way forward.

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