The 1937–38 OB I bajnokság season was the second season of the OB I bajnokság, the top level of ice hockey in Hungary. Five teams participated in the league, and BKE Budapest won the championship.
| Club | GP | W | T | L | Goals | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 8 | 6 | 1 | 1 | 56:12 | 13 | ||
| 2. | 8 | 6 | 0 | 2 | 38:11 | 12 | ||
| 3. | 8 | 4 | 2 | 2 | 18:8 | 10 | ||
| 4. | 8 | 1 | 2 | 5 | 8:51 | 4 | ||
| 5. | 8 | 0 | 1 | 7 | 4:42 | 1 |