Nitin Aggarwal, Senior Group VP, Head- BFSI, Institutional Equities, Motilal Oswal Financial Services remains optimistic on both ICICI Bank and HDFC Bank, expecting them to deliver high-teen earnings growth over the next year.

Both banks reported healthy margins and solid loan growth momentum, which Motilal Oswal Financial Services believes will continue to support earnings in the coming quarters.

Despite muted stock reactions post-results, Aggarwal noted that the long-term fundamentals remain firmly in place.

Aggarwal added that the September quarter likely marks the bottom for sectoral earnings growth, with profitability expected to strengthen from here. Margin resilience across banks, he said, has been better than expected, while the outlook for FY27 points toward a double-digit reco

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