HDFC Bank (HDB) vs ICICI Bank (IBN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
ICICI Bank (IBN) has outperformed HDFC Bank (HDB) over the past year, losing 10.2% versus a loss of 36.6%. Over five years, IBN leads with a +43.2% price change compared with -41.6% for HDB. HDFC Bank is the larger company by market cap ($113.79 billion vs $100.00 billion), about 1.1 times the size.
On valuation, ICICI Bank trades at a lower forward P/E (14.9x vs 15.9x for HDFC Bank). HDFC Bank pays a dividend yielding 58.72%, while ICICI Bank does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HDB | IBN |
|---|---|---|
| Share price | $22.14 | $27.86 |
| Market cap | $113.79B | $100.00B |
| 1-day change | -1.25% | -0.57% |
| YTD return | -39.41% | -6.51% |
| 1-year return | -36.58% | -10.19% |
| 5-year return | -41.55% | +43.24% |
| P/E ratio (TTM) | 14.28 | 16.20 |
| Forward P/E | 15.91 | 14.89 |
| EPS (TTM) | $1.55 | $1.72 |
| Dividend yield | 58.72% | 0.90% |
| Annual dividend | $13.00 | $0.00 |
| Revenue (latest FY) | $25.64B | — |
| Revenue growth (YoY) | +15.25% | — |
| Net income (latest FY) | $7.88B | — |
| Net margin | 30.75% | — |
| 52-week high | $37.45 | $33.03 |
| 52-week low | $21.77 | $25.08 |
| Distance from 52-week high | -40.88% | -15.65% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +37.90% | +31.30% |
| Average volume | 9.82M | 5.45M |
| Shares outstanding | 5.14B | 3.59B |
| Employees | 212,958 | 124,029 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- IBN has outperformed HDB by 26.4 percentage points over the past year.
- HDFC Bank offers a meaningfully higher dividend yield (58.72% vs 0.90%).
About HDFC Bank
HDB stock →HDFC Bank Limited provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. The company operates through Treasury, Retail Banking, Wholesale Banking, Other Banking Business, Insurance Business, and Other segments.
Finance · Commercial Banks · 212,958 employees
About ICICI Bank
IBN stock →ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to corporate and retail customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments.
Finance · Commercial Banks · 124,029 employees
HDB vs IBN FAQ
Which is bigger, HDFC Bank or ICICI Bank?
HDFC Bank (HDB) is larger, with a market capitalization of $113.79B compared with $100.00B for ICICI Bank (IBN).
Which stock has performed better over the past year, HDB or IBN?
IBN returned -10.19% over the past 12 months, compared with -36.58% for HDB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HDB or IBN?
HDB has the lower trailing P/E at 14.3, versus 16.2 for IBN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, HDFC Bank or ICICI Bank?
HDFC Bank has the higher yield at 58.72%, compared with 0.90% for ICICI Bank.
Are HDFC Bank and ICICI Bank in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.