It is that time of the year when numbers speak louder than words and sometimes, dividends speak even louder. While several companies continue to line up with their Q4 scorecards, two major private banks dropped their earnings on April 19, not just releasing their financial health but also announcing dividends that could make many faces smile.
In the list of banking sector, two heavyweights – ICICI Bank and HDFC Bank have announced their results for the January-March 2025 quarter. Let’s take a look at the key highlights beyond just financial performance, focusing on which bank delivered a bigger dividend and how their stocks are performing in the market.
ICICI Bank vs HDFC Bank: Which bank paid the better Q4FY25 dividend?
ICICI Bank, the country’s second-largest private lender, has declared a dividend of Rs 11 per equity share (face value Rs 2) for FY25. This is the bank’s highest dividend payout in the last 10 years and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for the dividend will be announced soon.
ICICI Bank, the country’s second-largest private lender, has declared a dividend of Rs 11 per equity share (face value Rs 2) for FY25. This is the bank’s highest dividend payout in the last 10 years and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for the dividend will be announced soon.
ICICI Bank vs HDFC Bank: Dividend History
Over the years, ICICI Bank has consistently increased its dividend payouts, rewarding shareholders with Rs 2 per share in FY21, Rs 5 in FY22, Rs 8 in FY23, Rs 10 in FY24, and Rs 11 in FY25.
On the other hand, HDFC Bank has also followed a similar trend of dividends, offering Rs 6.50 per share in FY21, Rs 15.50 in FY22, Rs 19 in FY23, Rs 19.50 in FY24, and Rs 22 in FY25. Both banks have maintained a steady track record of raising dividends year after year, with HDFC Bank consistently delivering higher payouts.
HDFC Bank Vs ICICI Bank: Q4FY25 performance snapshot
ICICI Bank reported a net profit of Rs 12,629.58 crore for the March quarter, registering an 18% year-on-year growth. Its net interest income (NII) came in at Rs 21,192.94 crore, up 11% from a year ago.
HDFC Bank, on the other hand, reported a net profit of Rs 17,616 crore, up 6.7% YoY, while its NII rose 10.3% YoY to Rs 32,070 crore.
ICICI Bank vs HDFC Bank: Stock performance
ICICI Bank’s share price has gained nearly 9% over the past five year and 7% in the last one month. In the past six months, the stock is up 12%, and it has delivered a 32% return over the past year. On a year-to-date (YTD) basis, it has risen by nearly 10%. The bank’s market cap stands at Rs 10.02 lakh crore, with a 52-week high of Rs 1,408.90 and a low of Rs 1,048.10.
Share price of HDFC Bank has also gained ground, rising 8% in the last five days and 9% over the last month. It’s up 10% over six months, and 14% over the past year. The YTD return stands at around 7%. The bank has a market cap of Rs 14.59 lakh crore, with a 52-week high of Rs 1,919.70 and a low of Rs 1,426.80.
HDFC Bank Vs ICICI Bank: Company profiles
What began as a financial institution promoted by the government in 1955 evolved into one of India’s most influential private sector banks. ICICI Bank was incorporated in 1994 as a subsidiary of ICICI Limited. By 2002, it had merged with its parent and key subsidiaries. Today, it operates across segments like investment banking, insurance, asset management, and venture capital, with international arms in Canada and the UK further expanding its global footprint.
HDFC Bank’s story is rooted in housing finance, with its parent HDFC Limited pioneering home loans in India since 1977. The bank itself was set up in 1994 and began operations in 1995. In 2022 with the merger of HDFC Limited into HDFC Bank, it created a financial behemoth in both retail banking and housing finance.