Investment / Bloomberg Quint
While frontline private lenders are expected to show resilience, mid-sized banks may struggle.
The banking sector's domain is largely domestic, with next to no exposure abroad, said Khemani, which is an advantage in the current investing environment.
Only 12% of BFS firms have a global, enterprise-wide AI strategy.
Raamdeo Agrawal believes that the financial sector, particularly banks, is poised for growth. He anticipates a significant pickup in financials, driven by the banking sector. According to him, banking stocks are likely to deliver strong returns if credit flow continues to improve.
Despite discussions with the Indian Banks' Association, UFBU stated that the strike would proceed as planned, as negotiations over their key demands failed to yield a positive outcome.
Despite a recent market correction, Argal remains hopeful for the upcoming quarters.
The country's largest lender later said the technical issues have been fully resolved.
The attractive valuations of banking stocks, along with the RBI's fresh liquidity push, makes BFSI one of the top sectors to bet on, according to the Jefferies India analyst.