HDFC Bank announced a net profit of Rs 19,221 crore for the March quarter — a commendable 9% rise year-on-year. However, its interest income saw a slight dip, decreasing by 1.1% to Rs 76,610 crore compared to Rs 77,460 crore in the previous year.

Analysts project a net profit growth of 5-10% for HDFC Bank this quarter. This aligns with the bank’s historical performance but raises questions about sustainability amid fluctuating interest income.

On the other hand, ICICI Bank is expected to report stable numbers with healthy double-digit growth driven by robust core operating trends. Seema Srivastava noted that results are anticipated to be positive — no new surprises on provisions are expected.

Yes Bank is also in focus, with expectations of steady net interest income (NII) growth of around 9-12% year-on-year. This broader context reflects a generally resilient banking sector despite economic headwinds.

As these banks prepare for their results announcement on April 18, 2026, HDFC’s board will consider a dividend for the financial year 2025-2026. This could signal confidence in future profitability.

ICICI Bank’s board is likely to propose raising funds through debt securities — a move that suggests ongoing investment in growth opportunities. Yet, this raises questions: How will market conditions affect these plans?

The involvement of major players like Bharat Coking Coal and Mangalam Global Enterprise adds layers to this narrative. Their performance can influence market sentiment further.

What comes next? The market awaits these results with bated breath. Analysts and investors alike will scrutinize every detail for insights into future performance.

Details remain unconfirmed as we approach the announcement date. But one thing is clear: the outcomes of these Q4 results will shape expectations for the banking sector moving forward.

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Until recently, Indian banks had maintained relatively stable interest rates, with expectations of gradual increases in line with economic recovery. However, the landscape has dramatically shifted as banks now raise interest rates to levels not seen in the last two years. This change comes as a direct response to a liquidity shortage and a significant credit-deposit imbalance.

As of February 2026, credit growth was recorded at 13.7%, while deposit growth lagged behind at 10.9%. This disparity has pushed the loan-to-deposit ratio to a concerning high of 82.5%. In an effort to attract more funds, banks are increasingly turning to Certificates of Deposit (CDs), with CSB Bank leading the charge by offering an impressive interest rate of 8.32% for 91-day CDs.

Ujjivan Small Finance Bank and Equitas Small Finance Bank have also joined the fray, raising funds at an interest rate of 8.25%. In contrast, larger institutions like HDFC Bank and IDBI Bank are offering a more modest 7.6% for short-term funds. This competitive environment has resulted in a significant increase in investments in CDs, which have surged to ₹6.64 lakh crore, marking a 75% growth over the last two years.

The difference between three-month CD rates and Treasury Bill rates has widened to 210 basis points, the highest since March 2020. This indicates a growing concern among banks about their funding costs, which Fitch Ratings predicts could lead to a decrease in net interest margins (NIMs) by 20-30 basis points by FY27.

Experts note that the current increase in interest rates has surpassed seasonal changes, highlighting the urgency of the situation. The liquidity crunch, driven by the ongoing imbalance between credit and deposits, is expected to persist until FY27, creating a challenging environment for banks and borrowers alike.

As this situation unfolds, the banking sector must navigate these turbulent waters carefully. The immediate effects of these rate hikes will likely impact both consumers and businesses, as borrowing costs rise and lending practices tighten. The long-term implications for the financial landscape in India remain to be seen, but the current trajectory suggests a significant recalibration of expectations in the banking sector.

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On April 1, 2026, banks across most of India will be closed for the annual account closing, a routine practice that affects numerous financial institutions including the State Bank of India, Punjab National Bank, and HDFC Bank. This closure is expected to impact millions of customers who rely on these banks for their daily transactions.

According to reports, all scheduled commercial banks will be affected by this closure, with the exception of branches in six states: Mizoram, Sikkim, Nagaland, Jharkhand, Meghalaya, and Himachal Pradesh, which will remain open. Customers in these states can continue their banking activities without interruption.

Digital banking services, such as ATMs and UPI, will operate normally on April 1, providing some relief to customers who may need access to their funds. However, it is important to note that cheque clearance and settlement-linked transactions may experience delays due to the year-end closing processes.

April is known for its numerous bank holidays, including Maundy Thursday and Good Friday, which further complicates banking operations for the month. In fact, the Reserve Bank of India (RBI) classifies bank holidays under three categories: the Negotiable Instruments Act, RTGS holidays, and Banks’ Closing of Accounts.

For most customers, the day will pass without any real disruption, as digital services remain available. However, those who attempted to visit their bank branches on this day may find themselves facing locked doors. As one observer noted, “If you tried visiting your bank branch on Wednesday and found it locked, you are not alone — and there is nothing wrong with your account.”

It is also worth mentioning that banks will reopen on April 2, except in Kerala, where business will be suspended due to Maundy Thursday. This means that customers in Kerala will have to wait until April 3 to resume their banking activities.

April 2026 carries a maximum of 14 days when banks may be closed, making it one of the busier months on the bank holiday calendar. Other notable dates include Good Friday on April 3, Basava Jayanti on April 20, and Akshaya Tritiya on April 19.

As the banking sector navigates these closures, customers are encouraged to plan their transactions accordingly to avoid any inconveniences. The closure applies only to physical branch counters, allowing digital banking to continue with minimal disruption.

In summary, while the 1 April bank holiday may cause some inconvenience, the availability of digital banking services should help mitigate the impact for most customers. However, details remain unconfirmed regarding specific service delays and their implications for various transactions.

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Atanu Chakraborty has resigned as chairman of HDFC Bank, a move that has triggered an 8.7% drop in the bank’s stock and erased approximately $16.3 billion in market value over just three trading sessions.

In his resignation letter, Chakraborty stated, “There was a mismatch between my values and the bank’s,” although he did not provide specifics regarding the internal practices he found conflicting. This vague reference has left many in the industry speculating about the underlying issues at the bank.

The resignation has raised eyebrows not only among investors but also within regulatory circles. The Securities and Exchange Board of India (SEBI) is currently reviewing Chakraborty’s resignation letter for potential violations of rules, particularly concerning the fiduciary duties of directors related to the bank’s internal practices.

HDFC Bank, recognized as one of India’s three systemically important banks, has engaged external legal firms to conduct an independent review of the concerns raised by Chakraborty. This step indicates the seriousness of the situation and the bank’s commitment to addressing any potential governance issues.

The immediate impact of Chakraborty’s departure has been felt acutely in the stock market, where investors reacted swiftly to the news. The 8.7% decline in HDFC Bank’s stock reflects a significant loss of confidence among shareholders, who are now left wondering about the bank’s future direction.

As the situation unfolds, observers are keenly watching how HDFC Bank will navigate this turbulent period. The outcome of SEBI’s review and the independent investigation could have lasting implications for the bank’s governance and operational practices.

Details remain unconfirmed regarding the specific internal practices that led to Chakraborty’s resignation, but the incident has undoubtedly spotlighted the importance of aligning corporate values with governance practices in the banking sector.

With the financial landscape in India constantly evolving, the ramifications of this resignation may extend beyond HDFC Bank, potentially influencing regulatory scrutiny and governance standards across the industry.

As stakeholders await further developments, the focus will be on how HDFC Bank manages this crisis and whether it can restore investor confidence in the wake of such a significant leadership change.

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In a surprising turn of events, Atanu Chakraborty has resigned as the Part-time Chairman and Independent Director of HDFC Bank, effective March 18, 2026. His resignation has sparked discussions around the bank’s internal practices and governance standards.

Chakraborty, who joined HDFC Bank’s Board in May 2021, cited concerns over certain practices within the bank that he felt did not align with his personal values and ethics. In his resignation letter, he stated, “Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal Values and Ethics.” This raises significant questions about the internal culture at one of India’s largest banks.

The bank confirmed that there were no other material reasons for Chakraborty’s resignation other than those stated in his letter. Following his departure, Keki Mistry has been appointed as the interim Part-time Chairman for a period of three months, starting March 19, 2026. The Reserve Bank of India has approved this appointment, ensuring a smooth transition in leadership.

Chakraborty’s tenure at HDFC Bank included the notable merger with HDFC Ltd., which transformed the institution into the second largest bank in India. He described this merger as a momentous development, noting that “the benefits of the merger are yet to fully fructify.” His remarks, however, now seem to cast a shadow over the bank’s governance practices.

The nature of Chakraborty’s resignation has raised eyebrows among investors and analysts, who are now keenly observing the bank’s response to the concerns he flagged. The implications of his departure could be far-reaching, as it highlights potential governance issues that may need to be addressed.

As the banking sector continues to evolve, the focus on ethical practices and governance standards has never been more critical. Investors and analysts will be watching closely for further clarity from HDFC Bank or regulators regarding the concerns raised in Chakraborty’s resignation.

Chakraborty, a retired IAS officer with over three decades of experience in public policy and financial administration, served as Secretary in the Department of Economic Affairs under the Ministry of Finance. His extensive background adds weight to the concerns he has raised.

In summary, Atanu Chakraborty’s resignation from HDFC Bank not only signals a personal decision but also brings to light significant questions regarding the bank’s internal governance. Stakeholders will be eager to see how HDFC Bank navigates this situation moving forward.

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The HDFC Bank share price has seen a dramatic decline, dropping around 4.40% to Rs 746.10 on the Bombay Stock Exchange (BSE) as of 1:16 PM today. This downturn is part of a troubling trend, with the stock falling nearly 11% in just five sessions last week and over 19% in the past month, hitting a 52-week low of Rs 745.40 in early trading.

The sharp decline in HDFC Bank’s share price can be attributed to a combination of governance concerns, leadership changes, and regulatory issues. Recently, Atanu Chakraborty resigned as chairman, citing differences related to personal values, ethics, and internal practices. In his place, Keki Mistry has been appointed as the interim non-executive chairman for the next three months.

Adding to the turmoil, three senior employees were terminated over issues linked to the alleged mis-selling of Credit Suisse AT-1 bonds. This incident has raised eyebrows among investors and regulators alike, leading to a significant drop in the bank’s market capitalization, which has decreased by ₹1.34 lakh crore.

Furthermore, the Dubai Financial Services Authority has barred HDFC Bank from onboarding new clients in Dubai, further complicating the bank’s operational landscape. As a result, the stock has fallen by almost 25% over the past three months, raising concerns among investors.

Despite these challenges, the Reserve Bank of India has stated that it does not see material concerns regarding the bank’s overall conduct or financial position. However, investor lawsuits are reportedly in the pipeline due to the recent developments, indicating that the situation may escalate further.

In a statement, Sashidhar Jagdishan emphasized that the bank remains committed to maintaining transparency and resolving all issues, whether previously identified or newly emerging. He noted that the board will revisit past actions, pinpoint any shortcomings, and implement corrective measures where required.

Axis Securities remarked that while execution continues to be strong, the recent developments could delay any near-term re-rating of the stock. This sentiment reflects the cautious outlook among analysts as HDFC Bank navigates through this turbulent period.

As the situation evolves, stakeholders will be closely monitoring the bank’s response to these governance challenges and the potential impact on its market performance. Details remain unconfirmed regarding the long-term implications of these changes on HDFC Bank’s operations and share price.

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As the Sensex Nifty stock market approaches the opening bell on March 19, 2026, investors are bracing for a sharp decline. The backdrop of this anticipated downturn is characterized by weak global cues, rising oil prices, and a persistent trend of foreign institutional investors (FIIs) selling off shares.

At 8:30 am, GIFT Nifty futures indicated a significant drop, trading at 23,284, which suggests a likely opening below Wednesday’s closing level of 23,777.8. This decline is compounded by the fact that Asian markets have fallen about 2%, largely in response to escalating geopolitical tensions in the Middle East.

Oil prices have surged, with Brent crude trading at $111.68 per barrel, reflecting an increase of $4.30 or 4.00%. Similarly, WTI crude has risen to $96.92 per barrel, up by $0.60 or 0.62%. Such increases in oil prices are particularly concerning for India, a country that imports most of its crude needs, as they can exacerbate inflationary pressures.

On the domestic front, the situation is further complicated by the ongoing trend of foreign selling. On Wednesday alone, FIIs sold shares worth Rs 2,714.35 crore, marking the 14th consecutive session of net selling. In contrast, domestic institutional investors (DIIs) stepped in to buy shares worth Rs 3,253.03 crore, providing some relief amidst the outflows.

Adding to the turbulence, HDFC Bank’s part-time Chairman Atanu Chakraborty resigned due to differences over ‘values and ethics’. This development has had an immediate impact on the bank’s shares, which fell more than 7% following the announcement.

The U.S. Federal Reserve’s recent decision to keep interest rates unchanged, while maintaining a cautious stance due to ongoing inflation concerns, adds another layer of complexity to the market dynamics. Analysts are particularly worried that if Brent crude remains at $120 per barrel for an extended period, it could slightly reduce India’s growth and push inflation higher, according to brokerage Citi.

Market experts like Vatsal Bhuva suggest that a sell-on-rise approach remains favorable below the 56,200 levels, indicating a cautious sentiment among traders.

In summary, the Sensex Nifty stock market is poised for a challenging day ahead, with rising oil prices and foreign selling weighing heavily on investor sentiment. The interplay of these factors will be crucial for market participants as they navigate the unfolding situation.

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HDFC Bank shares have experienced a notable decline, hitting a 52-week low of ₹821.50, which represents a 4% drop. This downturn reflects broader market volatility, as the Bank Nifty index also fell by 4% during the same trading session.

Following the initial drop, HDFC Bank’s stock managed to recover slightly, closing at ₹834.20, down 3% from the previous close of ₹857.05. The stock opened at ₹825.00, marking a decline of 3.74% from the previous day’s close, and the last traded price was ₹829.35, indicating a day’s loss of 3.16%.

Despite the recent downturn, Kotak Institutional Equities has upgraded HDFC Bank to a ‘buy’ rating, setting a target price of ₹1,050. Analysts from the firm noted, “At current levels, downside risks appear fairly limited,” suggesting a cautious optimism regarding the stock’s future performance.

The trading volume for HDFC Bank reached 1.17 crore shares, with a total traded value of approximately ₹97,081 lakhs. This indicates a significant level of activity in the stock, even amid its recent struggles.

The decline in HDFC Bank shares extends a phase of underperformance, primarily driven by concerns surrounding margin pressures and challenges in deposit mobilization. However, analysts remain optimistic about the bank’s long-term outlook and earnings growth potential.

Furthermore, it has been noted that HDFC Bank’s performance, while negative, was marginally better than the sector average, indicating a degree of relative resilience in a challenging market environment.

Investors are advised to weigh the current bearish technical signals against the bank’s long-term growth prospects and its positioning within the sector. The ongoing market conditions may present both risks and opportunities for investors.

Details remain unconfirmed regarding any further developments that may impact HDFC Bank’s share performance in the near future. As the market evolves, stakeholders will be closely monitoring the bank’s strategies and responses to the current economic landscape.

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ICICI Bank has recently been under pressure in the stock market, with its performance drawing the attention of investors and analysts alike. As of the latest trading day, the bank recorded a total traded volume of 58,08,170 shares, with a traded value of ₹7,351.11 crores.

Current Trading Status

The last traded price (LTP) of ICICI Bank was ₹1,264.4 as of 09:44:47 IST. This reflects a decline from the opening price of ₹1,272.7, which was down 3.1% from the previous close. The stock touched an intraday low of ₹1,251.1, remaining 4.74% above its 52-week low of ₹1,208.

Market Capitalization and Mojo Score

ICICI Bank’s market capitalization currently stands at ₹9,40,049 crores. Its Mojo Score is 54.0, with a Mojo Grade of ‘Hold’ as of February 6, 2026. This indicates that while the stock is not favored for aggressive buying, it remains a significant player in the market.

Investor Sentiment and Trading Trends

Over the past six consecutive trading days, ICICI Bank has experienced a cumulative loss of 9.74%. This decline coincides with a broader downturn in the private sector banking sector, which fell by 3.48% on the same trading day.

Notably, the delivery volume on March 6 surged by 19.94% compared to the five-day average, reaching 1.39 crore shares. This suggests a potential shift in trading dynamics, despite the overall downward trend.

Changes in Investment Strategies

In February, the Capitalmind Flexi Cap Fund reduced its exposure to ICICI Bank, along with other major stocks such as HDFC Bank and Bharti Airtel, while increasing stakes in companies like BPCL and Federal Bank. This shift reflects changing investor strategies in response to market conditions.

The stock’s liquidity remains robust, with the traded value comfortably supporting trade sizes up to ₹51.48 crores based on 2% of the five-day average traded value. As ICICI Bank navigates these challenges, its performance will be closely watched by market participants seeking to gauge the broader financial landscape.

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HDFC Bank shares have recently declined 4% to hit a 52-week low of ₹821.50. This drop is significant as it reflects ongoing market pressures and concerns surrounding the bank’s operational challenges.

Following the initial decline, the stock managed to recover slightly, trading at ₹834.20, which is still down 3% from the previous close of ₹857.05. The broader Bank Nifty index also fell by 4% during the same trading session, indicating a challenging environment for banking stocks.

Despite the recent downturn, Kotak Institutional Equities has upgraded HDFC Bank to a ‘buy’ rating, setting a target price of ₹1,050. This optimistic outlook suggests that analysts believe the bank’s long-term growth potential remains intact.

On the trading day, HDFC Bank recorded a total traded volume of 1.17 crore shares, with a total traded value of approximately ₹97,081 lakhs. The stock opened at ₹825.00, reflecting a decline of 3.74% from its previous close, and the last traded price was ₹829.35, marking a day’s loss of 3.16%.

According to Kotak Institutional Equities, “At current levels, downside risks appear fairly limited.” This sentiment is echoed by other analysts who remain optimistic about the lender’s long-term outlook and earnings growth.

Moreover, the stock’s liquidity remains robust, making it a preferred choice for institutional investors. Analysts advise investors to weigh the current bearish technical signals against the bank’s long-term growth prospects.

The recent decline extends the stock’s phase of underperformance, driven by concerns surrounding margin pressures and deposit mobilisation challenges. These factors have contributed to the stock’s volatility in recent months.

As the market continues to fluctuate, investors are closely monitoring HDFC Bank’s performance and the broader economic indicators that may influence its recovery. Details remain unconfirmed regarding the bank’s strategies to address these challenges.

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