ICICI Bank vs. IDFC First Bank and Yes Bank: Leading banks released their October-December quarter results for fiscal 2024-25 (Q3FY25), reporting solid financial performance despite slowing corporate earnings growth. Even as D-Street investors consider which stock to buy, sell, or keep, market experts have given ICICI Bank, IDFC First Bank, and Yes Bank ‘buy’ or ‘hold’ ratings following their recent Q3FY25 results report.
Market analysts highlighted that the leading private sector lenders, ICICI Bank and Yes Bank, reported strong earnings increases in the December quarter. IDFC First Bank, on the other hand, was hurt by microfinance loan disbursement, greater provisions, and higher loan slippage during the quarter.
ICICI Bank versus IDFC First Bank vs Yes Bank Quarter 3 Results
DFC First Bank’s net profit decreased by 53% to ₹339.4 crore due to increasing loan slippages, down from ₹715.7 crore in the same period the previous year. Net interest income (NII) increased by 14.4% to ₹4,902 crore, up from ₹4,286.6 crore the previous year.
ICICI Bank reported a 15% increase in standalone net profit to ₹11,792.4 crore, driven by strong loan growth and higher core income compared to ₹10,271.6 crore in the same period previous year.
NII increased by 9% to ₹20,340.6 crore in the third quarter of the current fiscal year, up from ₹18,678.6 crore in the previous year. India’s second-largest private-sector lender reported stable asset quality in the third quarter of FY25.
Yes Bank reported a 164.5% YoY increase in profit after tax (PAT) to ₹612.27 crore, with a 10.2 percent increase in NII. The net interest income (NII) was ₹2,224 crore, and net interest margins (NIMs) remained stable at 2.4% year on year and quarterly.
ICICI Bank vs IDFC First Bank vs Yes Bank: Which stock should you buy?
According to Abhishek Pandya, Research Analyst at StoxBox, ICICI Bank performed well, with a 15% increase in net profit led by strong loan growth in the Retail, Business Banking, and SME categories.
“ICICI Bank maintained strong asset quality and stable NPA ratios while also slowing down margin compression, and return ratios remained the strongest among industry players,” according to Pandya.
In contrast, IDFC First Bank reported a 53% drop in net profit, owing to increased microfinance provisions and margin compression, despite solid loan growth of 22% year on year. Meanwhile, Yes Bank reported an astounding 164% increase in net profit, owing to reduced provisions and investment income increases.
Among these results, ICICI Bank stands out for its balanced growth, operational efficiency, and excellent navigation of adverse market conditions,” said StoxBox’s Abhishek Pandya.
Yes Bank share price outlook
According to Mahesh M Ojha, AVP—Research at Hensex Securities, Yes Bank’s stock is currently trading at ₹21.50 and faces an immediate barrier. If it breaks above this on a closing basis, Yes Bank’s share price may rise to ₹25.
ICICI Bank share price outlook
According to a market expert from Hensex Securities, the technical chart pattern for ICICI Bank’s share price appears positive. The private bank stock has formed a sturdy base at ₹1,190 levels.
Mahesh M Ojha of Hensex Securities suggests purchasing ICICI Bank shares between ₹1,210 and ₹1,215 with a short-term goal of ₹1,280 to ₹1,320. ICICI Bank shareholders might hold the stock with a trailing stop loss of ₹1,180 for the given targets.
IDFC First Bank share price outlook
Ojha noted that IDFC First Bank’s Q3 results were bad, and the banking stock may face some selling pressure on Monday.
“I would recommend a buy-on-dip strategy to those who want to buy IDFC First Bank shares. Investors can purchase the stock between ₹60 and ₹61.50, with an immediate objective of ₹64. According to Mahesh M Ojha, if the stock closes above ₹64, it might hit ₹68 per share.
