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ICICI Bank cuts provisions fast while HDFC plays defense as growth worries loom
Business
Published on 24 April 2026
One bank’s provision slide hints at a cleaner book
ICICI Bank’s sharp drop in provisioning is being read as a sign of improving asset quality and a sturdier recovery pipeline. HDFC Bank, however, is taking a more cautious approach, focusing on protecting profitability and asset quality amid macroeconomic headwinds. It also plans to gain deposit market share, targeting faster deposit growth than credit growth.
- ICICI Bank’s lower provisioning signals improved asset quality
- HDFC Bank prioritizes profitability and asset quality over aggressive growth
- HDFC expects deposit growth to outpace credit growth
- The contrast reflects differing risk and recovery outlooks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times