Banking sector Q1 preview: Margins to remain under pressure in 1HFY26, says MOSL; likes ICICI, HDFC, SBI

Motilal Oswal Financial Services forecasts cautious optimism for FY26 in Indian banking, projecting credit growth recovery and identifying ICICI Bank, HDFC Bank, and SBI as top picks due to strong loan growth and asset quality. Earnings are expected to grow at 11.1% CAGR from FY25 to FY27.

Markets