ICICI Bank: Posted a stellar Q1 net profit of ₹14,804 crore, beating estimates by a wide margin. The profit surge was fueled by a 19.6% rise in domestic loans and a 12.7% jump in net interest income, with asset quality improving.
Kotak Mahindra Bank: Announced a 26% YoY profit jump to ₹4,123 crore, driven by healthy growth in net interest income. The bank also confirmed it will appoint a new CEO soon, adhering to the RBI's timeline.
