RBL Bank's net profit rose 170 per cent YoY to ₹482 crore on the back of a net interest income (NII) growth of 37 per cent to ₹2,131 crore.
Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.
There is a meaningful risk that inflation and input costs become bigger concerns in Q2 than they were in Q1, said Dhananjay Sinha of Systematix Group.
Analysts at Motilal Oswal Financial Services (MOFSL) said Bagchi's appointment removes a key overhang around HDFC Bank's leadership succession.
Stock market crash: All sectoral indices closed in the red, while India VIX spiked 22 per cent. Banking and financial shares were the top losers.
The 200-DMA is a technical indicator widely used to determine the long-term trends of the underlying index or stock. Indices or stocks trading below the 200-DMA are considered to be in a downtrend.
RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates
Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.
Midcap bank stocks - Yes Bank, IndusInd Bank and Bank of India are trading up to 50-94% away from their respective all-time highs even as the Nifty Midcap quotes at new peaks, shows data.
On a year-to-date (YTD) basis, HDFC Bank has declined 28 per cent and remains 8 per cent lower than in the last five years.
Axis Bank displays a notable structural shift, with its 50-DMA crossing below its 200-DMA, confirming the formation of a classic 'Death Cross' on the daily chart, explains Mayank Jain of Share.Market.
Analysts said that comments on NIM recovery, the impact of ECL transition, and mobilisation of FCNR deposits for the quarter are the key monitorables that investors must track in SBI's Q1 results.
Om Mehra, technical analyst of SAMCO Securities believes that ICICI Bank sharp price can rally to a new high; while the key support for HDFC Bank stock now stands at ₹772 on the charts.
Benchmarks end lower; ICICI Bank bucks the trend, PNB shine
ICICI Bank share price jumped 2.5 per cent in early trade on Monday after better-than-expected Q1 results. Brokerages see up to 25 per cent upside for the stock.
ICICI Bank is slated to post its June quarter earnings this Saturday, along with several other leading private banking names like HDFC Bank and Axis Bank.
Banking and financial stocks led the market rally on Wednesday, ahead of upcoming Q1FY27 results from major private lenders, including HDFC Bank, Axis Bank and ICICI Bank, due over the weekend.
Q1-FY27 numbers, according to Anirudh Garg, fund manager & partner, INVasset PMS, are likely to show soft margins across the board, but private banks will be the first to show the NIM trough is over
Union Bank of India plunged over 7 per cent in Friday's intra-day deals after the bank's Q1 Gross Advances numbers came in lower than the provisional figures.
Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.