ICICI Securities recommends investing in large private banks like HDFC and Kotak due to their robust financial health and promising risk-reward prospects. Smaller banks such as RBL, Bandhan, City Union, Karur Vysya, DCB, and South Indian Bank are rated as 'Buy', but potential risks from small businesses and geopolitical factors are being closely monitored.
Vipul Bose
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The Central Bank of India launched a new bond offering worth ₹1,500 crores on August 30, 2023, boasting an attractive coupon rate of 8.8%. These bonds will mature in 2033, while providing annual call options starting from 2028.
Public sector banks (PSUs) such as Bank of Baroda and Bank of Maharashtra experienced a strong rally, while private lenders like IndusInd Bank and HDFC witnessed a decline in today's market. Notably, RBL Bank reported impressive growth in both loans and deposits, whereas IDFC First Bank saw a drop in their Current Account Savings Account (CASA) ratio.
Zydus Wellness experienced a significant surge of 18%, marking its largest daily increase since 2009, amidst robust trading of over 2 crore shares, with no notable news releases as the driving force.
S.A.L. Steel announces that its CFO, Babulal M Singhal, is stepping down on April 6, 2026, due to personal matters. The company has confirmed the resignation and filed the necessary paperwork in compliance with regulations.
Strong performances by major banks such as HDFC, Yes, Kotak Mahindra, IDBI, Union Bank of India, and Bank of Baroda have sparked a rally in banking stocks. Key highlights include HDFC's 10-12% growth in loans and 12.8% increase in deposits, while Yes Bank, IDBI Bank, and Kotak Mahindra Bank also showed strong double-digit growth in key metrics.
PNB Housing promoters have not pledged any shares during the fiscal years 2025 and 2026, ensuring adherence to Securities and Exchange Board of India (SEBI) regulations 31(4-5). The audit committee confirmed this compliance.
Tarun Chaturvedi, the promoter, has disposed of 1.2 crore pledged shares during FY25-26. As of March 31, 2026, neither Chaturvedi nor the PAC holds any encumbered shares, indicating an unencumbered stake of 84.08%.
Hindustan Zinc Limited (HZL) achieved a new quarterly record in Q4FY26, mining 315,000 tonnes of metal – an impressive increase attributed to capacity improvements and operational efficiencies. The refined metal production also reached 282,000 tonnes.
Suryoday Small Finance Bank reported a significant increase in gross advances, growing by 29% year-on-year to reach ₹132.01 billion by March 31, signaling robust lending activities.
Axis Securities has issued a warning about increased pressure on margins for companies like HUL, Dabur, and Asian Paints due to rising costs of crude and materials. The FMCG, paints, QSR, and retail sectors are experiencing cost shocks, with Jubilant FoodWorks, Trent, and V-Mart being the most vulnerable.
Aeroflex Industries aims to significantly increase its SFN Skid Assembly output, tripling it to 6,000 units per year by April 1, 2026. Further expansion plans are set for June/July 2026, aiming to reach a production capacity of 15,000 units, bolstering overall capabilities.
Prince Pipes has been issued a GST demand of approximately INR 31.1 lakh for fiscal year 2019-20, which they believe is unjustified. The company intends to contest this order within the stipulated timeframe.
According to Crisil's forecast, bank credit growth is expected to slow down slightly to 13% in FY27 compared to the previous year's 14%. However, there may be a rise in non-performing assets (NPAs) up to 2.5% by March 2027, with a focus on monitoring MSME loans and deposit mobilization.
Corporate credit upgrades in India might have reached their peak, according to ICRA, Crisil, and India Ratings, due to global tensions and rising energy costs. Balance sheet strength is noted, but mid-tier firms and energy-dependent sectors face potential disruptions.
Kiran Poddar has boosted their stake in Mayur Uniquoters Ltd, purchasing an additional 9,068 shares. This now gives the promoter group a controlling interest of 58.77% in the company.
The Reserve Bank of India (RBI) has granted clearance for Arihant Capital Markets Ltd to merge its AFSL with ACML. However, the merger is still subject to pending regulatory and necessary approvals.
Deepak Builders has secured the top bid for a ₹474.3 crore residential project near Panipat Refinery, bringing their order book close to ₹2,000 crores. This significant win reinforces their position in the construction sector.