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Banking Stocks Today, Bank Nifty: The Bank Nifty index snapped its 12-session rally on Friday, falling 0.56 per cent to 55,411.55 amid profit booking in select heavyweights. The index had surged nearly 4 per cent over the past few sessions, supported by optimism around credit growth and stable asset quality in the banking sector.

ICICI Bank led declines, dropping 1.3 per cent to Rs 1,403.50 on the NSE, while HDFC Bank slipped over 1 per cent. Kotak Mahindra Bank, AU Small Finance Bank, Axis Bank, and IDFC First Bank also saw losses of up to 1 per cent. The profit booking pressure weighed on broader market sentiment, nudging benchmark indices lower after a three-day upswing.

1) SBI:

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Equalweight rating maintained, target Rs 885. Loan growth guidance of 11–12 per cent for FY26; NIM exit projected at around 3 per cent, supported by deposit repricing and H2 CRR cuts. Asset quality remains robust.

2) RBL Bank:

Underweight rating, target Rs 175. Loan growth guidance 14–16 per cent YoY in FY26, with expectations of improving slippages and credit costs over the next few quarters. No immediate capital raising plans.

3) Axis Bank:

Overweight rating, target Rs 1,325. Improved deposit growth traction and gradual acceleration in loan growth expected to surpass system levels in FY26. NIM moderation expected in Q2, with recovery to 3.8 per cent as deposits reprice.

4) Bank of Baroda:

Underweight rating, target Rs 235. FY26 deposit growth guidance 9–11 per cent, loan growth 10–12 per cent. NIMs expected to dip 7–8 bps in Q2 but improve thereafter. Slippages and credit costs projected to remain controlled.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.