ICICI Bank gains while HDFC Bank, Axis Bank, Kotak Mahindra, Yes Bank decline after Q1 results
ICICI Bank shares rose 1% to ₹1,461 after reporting strong earnings growth, while HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank saw declines following their Q1 results. HDFC Bank fell over 5% to ₹777.65, Axis Bank dropped 5.48% to ₹1,256.10, and Yes Bank declined about 2.96%. Morgan Stanley noted margin pressure across private banks, with ICICI Bank standing out due to strong loan growth and net interest margin expansion.