According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
The significant feature of equity market performance in Samvat 2076 has been the sharp divergences both across and within sectors and companies.
As of now, the downside is limited in mid-cap banks with volumes staying subdued.
So far, there have been varied views with regards to the percentage of loans that may seek restructuring.
The scrip of Bank of Maharashtra fell by 1.78 per cent, Bank of Baroda 1.63 per cent and Allahabad Bank 0.77 per cent