Mumbai, April 21 -- Macroeconomic uncertainty fuelled by US tariffs, lower gross domestic product (GDP) growth estimates, and slowing loan and deposit growth were among the key concerns flagged by India's two largest private sector banks on 19 April when they declared their March quarter earnings.

HDFC Bank and ICICI Bank kicked off the earnings season for Indian banks by reporting steady fourth-quarter and 2024-25 results in terms of profitability and asset quality. However, both banks noted that uncertainty clouds the outlook on the future trajectory of rate cuts, the need for deposit mobilisation, and pressure on net interest margins (NIM).

Mint summarises commentary and guidance provided by the two banks in their post-earnings call ...