Axis Securities picks HDFC Bank among 6 top conviction banking ideas. Check full list – Banks – Review and outlook
The banking sector witnessed a mixed quarter in Q1FY26, with larger private and PSU banks managing margins better than expected, while mid-sized players and small finance banks faced sharper compression. Credit growth stood at 11% YoY, supported by retail and SME lending, though corporate credit remained sluggish due to competitive pricing pressure. Looking ahead, growth…