From mint · Nishant Kumar · · 1m 10s
Bank stocks surge with Q2 updates
Banking stocks jump 1.4% as HDFC, YES Bank and AU SFB report strong Q2 results.
In brief
Banking stocks jump 1.4% as HDFC, YES Bank and AU SFB report strong Q2 results. Banking stocks rose 1.4% after HDFC Bank, YES Bank and AU SFB reported strong Q2 business updates and new CEO appointments. Originally reported by mint.
Bank stocks jump
Nifty Bank jumped 1.4% in morning trade to an intraday high of 55,192.65.
Top gainers
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, YES Bank, and AU Small Finance Bank among top gainers.
Why stocks rose
New CEO appointments at HDFC Bank, ICICI Bank, and Kotak Mahindra Bank removed leadership uncertainties.
HDFC Bank update
HDFC Bank deposits rose 16.8% YoY to ₹ 31,66,500 crore in Q2FY27.
Kotak Mahindra Bank update
Kotak Mahindra Bank appointed Anup Kumar Saha as new CEO effective 1 January 2027.
ICICI Bank update
ICICI Bank appointed Sidharatha Mishra as CEO with effect from 14 October 2026.
YES Bank results
YES Bank deposits rose 19.5% YoY to ₹ 3,54,084 crore in Q2FY27.
AU SFB results
AU Small Finance Bank deposits jumped 28.6% YoY to ₹ 1,70,460 crore in Q2FY27.
Here's the gist
Banking stocks rose 1.4% after HDFC Bank, YES Bank and AU SFB reported strong Q2 business updates and new CEO appointments.
