HDFC vs ICICI vs Yes Bank: Q4 Results Spark Stock-Specific Rally; Which Bank Stock Wins The Race? Target Price

HDFC vs ICICI vs Yes Bank: The fourth quarter result announcement for the financial year 2025-26 triggered stock-specific actions in HDFC Bank, ICICI Bank and Yes Bank. While Yes Bank and ICICI Bank gained, HDFC Bank started Monday's session on April 20 on a weak footing.

ICICI Bank's share price was trading 2% higher at Rs 1374.95 per share on BSE with a market capitalisation of Rs 9,84,666.91 crore at 9:36 am. Yes Bank's share price was up 0.2% higher at Rs 20.24 per share. Whereas, HDFC Bank's share price was trading 1.15% lower at Rs 790.7 per share.

HDFC Bank Q4 Review

HDFC Bank's Q4FY26 profit was in line with expectations, aided by steady revenue growth and lower provisions. India's largest private lender's NII grew 3.2% YoY to Rs 330.8b, and net interest margins (NIMs) on total assets increased 3bp QoQ to 3.38%. The bank's business growth gained momentum during the quarter under review, noted Motilal Oswal in its report and maintained its FY28 guidance unchanged.

HDFC Bank, reported a 9% year-on-year jump in its net profit for the fourth quarter of financial year 2025-26. HDFC Bank's net interest income (NII) surged by 3.2% to Rs 33,081.5 crore.

HDFC Bank Stock Price Recommendation

"We maintain our earnings estimates and expect HDFCB to deliver FY28E RoA/RoE of 1.9%/14.9%. Reiterate BUY with a TP of INR1,100 (2.3x Sep'27E ABV + INR135 for subs)," noted Motilal Oswal in its report.

ICICI Bank Q4 Result Review

ICICI Bank's Q4 result performance was a complete "all-round" with remarkable increase in asset quality and robust business growth, as per Motilal Oswal's report. "ICICIBC's stock performance has been tepid in the past one year, reflecting the broader derating across banking stocks amid persistent FII selling in recent months. With operating performance holding strong and growth gaining traction, we expect the bank to rerate gradually," stated the brokerage in its report.

ICICI Bank's fourth quarter net standalone profit increased by 8.5% to Rs 13,702 crore in the financial year 2025-26, against Rs 12,949 crore reported in the year ago period.

ICICI Bank Share Price Recommendation

Motilal Oswal maintained a 'Buy' recommendation with a target price of Rs 1,750 per share. "We fine-tune our earnings estimates and expect FY28E RoA/RoE of 2.3%/16.2%. ICICIBC remains our top BUY in the sector with a TP of INR1,750 (2.5x Sep'27E ABV)."

Yes Bank Q4 Result Recap

Yes Bank reported a 45% year-on-year jump in its net consolidated profit to Rs 1068.4 crore in the fourth quarter of the financial year 2025-26. The bank had reported a net profit of Rs 738.12 crore in the year-ago period. Yes Bank's net interest income (NII) surged 16% to Rs 2,637.7 crore in Q4FY26.