Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy
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India’s banking sector delivered a mixed performance in Q4FY25, with profit growth diverging sharply across private, public, and small finance banks. While sector heavyweights like HDFC Bank and ICICI Bank posted modest to healthy growth, State Bank of India (SBI), Kotak Mahindra Bank, and Axis Bank reported disappointing numbers. Moreover, a few mid-sized and small banks surprised the Street with explosive profit figures. Private banks dragged the overall profitability of the banking pack, delivering a 6% year-on-year decline in net profit for Q4FY25. Motilal Oswal Financial Services, in a review note, described the quarter as having “mixed” outcomes. Among the leading banks, ICICI Bank posted the best set of numbers, recording an 18% YoY growth in profit after tax (PAT), while net interest income (NII) climbed by 11%. HDFC Bank’s bottom line increased by 7% YoY, and its NII saw a 10% uptick. Axis Bank, SBI, and Kotak Bank reported a fal...