Banking Stocks in Focus: ICICI, HDFC, Axis and PSU Banks | What's Next?

India’s banking stocks are in focus after the first set of Q2 earnings brought mixed performances from private sector lenders. ICICI Bank emerged as a standout, reporting 20% profit growth, while Axis Bank delivered a strong performance despite some pressure on asset quality. HDFC Bank’s 5% profit growth was broadly in line with expectations. Meanwhile, PSU banks, including PNB, SBI and Canara Bank, are drawing attention amid expectations of better-than-anticipated results. Market expert Avinash discusses the earnings outlook and why bank management commentary on Q3 margins and profitability will be crucial. He also explains the uncertainty surrounding Yes Bank’s potential ₹5,200 crore hit linked to AT1 bonds and why investors may need to wait for greater clarity.