Even as headline indices remain range-bound, selective buying is emerging across banking and financial names, signalling a sectoral churn ahead of the year’s second half, according to Deven Choksey, Managing Director, DRChoksey FinServ Pvt. Ltd. According to Choksey, the second half of FY26 is expected to deliver stronger growth for several sectors, with banks among…
Mumbai: Public sector banks were among the top gainers in Monday’s trading, as their strong earnings show in the September quarter kept the momentum alive in what has been one of the most resilient themes in the past six months. The PSU Bank index rose 1.9% on Monday, against modest gains in the Sensex and…
In an exclusive conversation with ET Now, Dhananjay Sinha from Systematix Group shared his perspective on the ongoing market trends, particularly focusing on PSU banks and the metals sector. With Nifty facing mild pressure, the spotlight has turned to public sector banks, which have been driving the recent market uptick. When asked about his view…
India’s state-run banks could see a windfall of up to $4 billion in passive inflows if the government raises the foreign institutional investment (FII) limit to 49% from the current 20%, according to a report by Nuvama Institutional Equities. Nuvama’s analysis shows potential MSCI-linked inflows of around $3.98 billion across six major public sector lenders,…
Shares of public sector banks such as State Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, Indian Bank among others gained up to 3.3% after a Reuters report stated that India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits. The finance…
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…