ICICIBANK — ICICI Bank widens performance gap with HDFC Bank in Q1 on growth, margins

ICICI Bank outperformed its larger rival HDFC Bank in the June quarter, reporting loan growth of nearly 20% compared to HDFC's 16%. ICICI's net interest margin (NIM) expanded to 4.36%, while HDFC's NIM contracted to 3.4% as it continues to grapple with the after-effects of its 2023 merger. The performance divergence is reflected in their stock prices, with HDFC Bank down nearly 22% over the past year while ICICI Bank has remained flat.