Indian Banks Face Muted Revenue Growth and Margin Pressure in Q3 FY26 Results

Brokerages forecast muted revenue growth and flat or pressured net interest margins (NIMs) for Indian banks in Q3 FY26, with larger lenders like HDFC Bank and ICICI Bank expected to face more margin stress than mid-sized peers. ICICI Bank anticipates steady loan growth supporting net interest income despite margin pressures. IndusInd Bank is under scrutiny following last year's accounting issues and leadership changes, with net advances declining. Overall, banking profits may see limited growth amid margin challenges and credit cost normalization.