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Informist, Friday, Oct. 3, 2025

MUMBAI – Nifty Bank is expected to continue its positive momentum next week as measures taken by the Reserve Bank of India during the Monetary Policy Commitee meeting are expected to boost business for banks, analysts said. "PSU Banks advanced, with RBI's recent measures--ECL (expected credit loss) migration from April 2027, lower risk-weights, deposit insurance revamp, and NBFC overlap clarity--strengthening resilience and capital efficiency while supporting credit growth,"  said Siddhartha Khemka, head of research, Wealth Management, Motilal Oswal Financial Services Ltd.  

The sectoral index rose 2.1% this week and closed at 55589.25 points Friday, with most of its constituents ending in green. AU Small Finance Bank was the top gainer on Friday. The stock rose 2.4%. On other hand, Federal Bank fell the most and was down 0.7%.

In its technical view, Bajaj Broking said, "Bank Nifty continues to demonstrate notable strength over the past 3-4 sessions. The formation of a bullish candle with a higher high and higher low in the daily chart signals continuation of the positive momentum underpinned by strength in large cap banking stocks. The index is now trading above its key 21- and 50-day EMAs (exponential moving averages), currently at 54940 and 55120, respectively, indicating that the short- to medium-term trend remains bullish."  

TOP HEADLINES

* Union Bank of India global loans up 5% on year at INR 9.75 tln as on Sept 30

* IPO Alert: Canara HSBC Life Insurance Co gets SEBI OK for updated DRHP

* Plutus Wealth Mgmt sells 18.4 mln shares of Sammaan Capital via open market

* M&M Fincl sees overall disbursements in Jul-Sept up 3% on yr to INR 135 bln

* Abu Dhabi-based Avenir Investment to invest INR 88.5 bln in Sammaan Capital

* Omkara Asset allots INR-11.03-bln security receipts to Authum Investment

* Morgan Stanley Asia Singapore buys 3.25 mln shares of RBL Bank via bulk deal

* Goldman Sachs Singapore buys 6.64 mln shrs of Sammaan Capital via bulk deal

* Seeing savings flow into other instruments over pension, says banking secy

* RBL Bank gets show-cause notice for GST demand of INR 920.02 mln

* Will take 2-3 mos to implement SC order on IBC reforms - IBBI chairperson

* CreditAccess Grameen raised total funds worth INR 35.30 bln in Jul-Sept

* RBI Policy: Governor says will take appropriate steps to limit rupee's fall

* CGST authority drops proceedings against Niva Bupa Health Insurance Co

* RBI Policy: Plan draft norm to cut risk weights on loans by NBFC to infra

* RBI Policy:Revised norms for authorised dealer bks to ease compliance burden

* Computer Age board to meet Oct 10 to mull stock split

* Decide afresh on SBI plea vs Rythem Overseas former director: NCLAT to NCLT

* RBI Policy: Working on software to pre-empt fraudulent bank transactions

* RBI Policy: Proposes risk-based premium norms for deposit insurance

* Karur Vysya Bank's advances up 16% YoY as of Sept 30, deposits rise 15%

* RBI Policy: To remove bar on overlap in businesses of bank, group entities

* Aadhar Housing Fin redesignates Anil Nair as COO, effective Wed

* RBI Policy: FX account repatriation raised to 3 mos from 1 mo for exporters

* RBI Policy:To issue draft norm for revised Basel framework on capital charge

* RBI Policy: RBI to withdraw guidelines on enhancing credit supply

* RBI Policy: Text of MPC's fourth bi-monthly statement for FY26

* Shriram Finance denies media report on 20% stake sale in co to Japanese bank

* HUDCO loan disbursements in Jul-Sept up 44% on year at INR 130.26 bln

* SEBI disposes of show-cause notice against PTC India's former interim CMD

* ICRA assigns 'AAA' rating to NCDs of Aditya Birla Capital, outlook stable

* ICICI Lombard gets GST demand of INR 17.29 bln, penalty INR 1.73 bln

* RBI launches scheme to pay banks up to INR 25,000 to reactivate accounts

* PB Fintech reappoints Chairman, CEO Yashish Dahiya for 5 yrs from Jul 2026

* Govt extends date to opt for Unified Pension Scheme by 2 months to Nov 30

* REC arm incorporates Kempegowda Power, Barmer HVDC as subsidiaries

* New India Assurance receives GST demand notice of INR 23.79 bln

* RBI fines Indian Overseas Bank INR 3.18 mln for non-compliance with norms

* Weighted avg rate on new bank loans down 6 bps on month at 8.75% in August

* Lenders can't reject entire IBC plan if doubts raised on some parts - NCLAT

* HDFC Life board to meet Oct 15 to consider raising funds via NCDs

* Growth in bk loans to farm sector slows to 7.6% as on Aug 22, shows RBI data

* PFC arm incorporates South Kalamb Power Transmission as SPV

* ICICI Bank gets GST notice for INR 2.16 bln from Maharashtra govt

* Financial services bureau recommends Ramakrishnan Chander as MD of LIC

* IPO Alert: Canara Robeco AMC gets SEBI nod for updated DRHP

* Govt appoints Asheesh Pandey as MD, CEO of Union Bank of India for 3 years

* RBL Bank, LIC announce tie-up for bancassurance

* Govt appoints Kalyan Kumar as Central Bank's MD, CEO for 3 years

* RBI allows banks quicker reset in bringing down rates on floating rate loans

* IPO Alert: Anand Rathi Share to list Tue, issue price set at INR 414/share

* IPO Alert: Tata Capital sets price band at INR 310-INR 326 per share

* IRFC signs pacts with Haryana, Maharashtra for aggregate INR 165 bln loans

* 360 ONE says arms conclude agreements with Credit Suisse Securities, UBS AG

* Top, worst performing schemes in MF categories in week ended Sept 26

* Average returns of all mutual fund categories in week ended Sept 26

* Tata Capital mgmt says capital adequacy ratio to improve to 22% after IPO

* PRESS:IndusInd Bk former CFO alleges board officials knew of accounting gaps

* CARE assigns 'AAA' rating to M&M Fincl Services' NCDs worth INR 123.4 bln

* PRESS: Marcellus Investment CFO Gupta charged for siphoning off INR 11 mln

* HDFC Bk's Dubai Intl Fincl Svcs branch restricted from onboarding customers

* AU Small Finance Bank appoints Gaurav Jain as interim CFO effective Fri

* CARE revises outlook on Aavas Financiers to positive, affirms AA rating

* Short-Term Debt: PFC raises INR 30 bln via 7-month CP at 6.40%

* RBI survey sees Indian banks' overseas presence growing steadily

* Unified pension plan fails to impress staff, 3% shift so far: Govt source

* IPO Alert: Canara HSBC Life Insurance files updated DRHP with SEBI

Following are the resistance and support levels for key bank stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Kabir Sharma

Edited by Akul Nishant Akhoury

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