Mumbai, April 17 -- HDFC Bank and ICICI Bank will kick off the banking sector's March-quarter earnings season on Saturday, with brokerages expecting a stable performance but watching closely for management commentary on margins, growth and macroeconomic risks from the West Asia war.

For HDFC Bank, the spotlight will be on leadership developments following the exit of former part-time chairman Atanu Chakraborty on 18 March. Chakraborty had resigned with immediate effect from the board, citing "certain happenings and practices within the bank" that were "not in congruence" with his personal values and ethics, prompting questions on oversight and internal controls at trhe country's largest private bank.

Following his resignation, HDFC Bank...