Shares of HDFC Bank and ICICI Bank , India's top private lenders by market capitalisation, gained more than 2% on Monday, after quarterly results inspired confidence about their ability to maintain healthy loan growth.

Icici reported earnings of 40 cents a share for the June-ended quarter, for an increase of 11% year over year, according to FactSet. Revenue rose 11% to $3.498 billion. Strong loan growth resulted in higher core lending income for the bank,

The divergence in performance comes on the back of robust earnings reported by key banking heavyweights over the weekend.