Indian Banks Q3 FY26 Results: HDFC, ICICI, Yes, RBL Stock Analysis | Quick Digest
Major Indian private banks—HDFC, ICICI, Yes, and RBL—recently announced their Q3 FY26 results, reporting varied performances in net profit, NII, and asset quality. Analysts are now evaluating these results to provide investment recommendations.
HDFC Bank's Q3 FY26 net profit rose 11.5% year-on-year.
ICICI Bank reported a decline in Q3 FY26 net profit.
Yes Bank showed a significant 55.4% jump in Q3 FY26 net profit.
RBL Bank recorded a multi-fold increase (555%) in Q3 FY26 net profit.
All four banks demonstrated improved asset quality metrics.
Analysts are actively reviewing results for stock buying recommendations.
Major private sector banks in India, including HDFC Bank, ICICI Bank, Yes Bank, and RBL Bank, have recently declared their financial results for the third quarter of Fiscal Year 2026 (Q3 FY26), covering the period ending December 31, 2025. This flurry of earnings reports, predominantly released around January 17, 2026, provides crucial insights for investors analyzing which bank stocks to consider.
HDFC Bank, India's largest private lender, announced an 11.5% year-on-year (YoY) increase in standalone net profit, reaching ₹18,654 crore for Q3 FY26. Its Net Interest Income (NII) grew by 6.4% YoY to ₹32,620 crore. While gross advances saw an almost 12% rise, the bank's asset quality remained largely stable with a Gross NPA ratio of 1.24% and Net NPA ratio of 0.42% in some reports, or an improvement by 18 bps in others.
In contrast, ICICI Bank recorded a 4% to 5.8% decline in standalone net profit, settling at ₹11,318 crore for Q3 FY26, falling short of some market expectations. However, its NII increased by a robust 7.7% YoY to ₹21,932 crore. The bank's asset quality notably improved, with the Gross NPA ratio declining to 1.53% and Net NPA ratio to 0.37%.
Yes Bank delivered a strong performance, reporting a significant 55.4% YoY jump in net profit to ₹952 crore. Its Net Interest Income also saw a healthy growth of 10.9% YoY. The bank showcased improved asset quality, with the Gross NPA ratio reducing to 1.5% and Net NPA ratio to 0.3%. Net Interest Margin (NIM) strengthened to 2.6%.
RBL Bank reported an exceptional performance with its net profit surging 5.5 times (555%) YoY to ₹214 crore in Q3 FY26. The bank's NII grew by 5% YoY to ₹1,657 crore. Asset quality also improved, with the Gross NPA ratio declining to 1.88% and Net NPA ratio to 0.55%.
These varied results provide a dynamic landscape for investors and analysts who are now evaluating these performances to recommend which stocks offer the best buying opportunities given their individual growth trajectories, asset quality improvements, and operational efficiencies.
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