Private banks post good Q2 profit growth, asset quality improves
HDFC Bank reported a 4.7% rise in standalone net profit to ₹19,510 crore for Q2, up from ₹18,641 crore last year. Alongside HDFC, ICICI Bank and Axis Bank also posted higher profits, with improved asset quality as bad-loan ratios declined. This trend reflects better credit risk management, crucial for future profitability amid mixed lending conditions.