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Informist, Friday, Apr. 24, 2026

MUMBAI – The constituents of the Nifty Bank index are seen under selling pressure, as seen in the past three trading sessions, as high crude oil prices weigh on the rupee and raise chances of asset quality and credit growth deteriorating, analysts said. March quarter earnings of Nifty 50 company Axis Bank Ltd., and IDFC FIRST Bank Ltd., scheduled for Saturday, will be eyed after heavyweights ICICI Bank Ltd. and HDFC Bank Ltd.'s net profits beat estimates, analysts said. 

This week, the Nifty Bank settled at 56089.75 points, down 0.80% on week. In comparison, the benchmark Nifty 50 fell 1.90% in the week. Several brokerages are positive on large private sector banks, but higher share of exposure to foreign exchange revenue of these banks is likely to weigh on their share prices if the rupee continues to fall against the dollar.

Other than currency exposure, elevated Brent crude oil prices will also affect banks' asset quality, analysts said. If Brent crude oil futures stay around $100 per barrel over a span of two or three quarters, banks' gross non-performing assets are likely to rise by 2%, an analyst at a consultancy firm said. While state-owned banks have lower exposure to currency risk, they have higher credit exposure to micro, small and medium enterprises, analysts said.

Focus will also be on deposit growth, as banks struggle to lure liabilities to match their strong growth in advances, analysts said. The impact of El Nino on rural credit will also be assessed nearing the end of the June quarter, they said.

"In the near term, Bank Nifty is likely to trade within a range of 55,800 to 57,000 levels. On the levels front, 55,800 is expected to act as immediate support, while 57,000 remains a key resistance zone for any upside move," Vatsal Bhuva, technical analyst at LKP Securities said in a note Friday. 

TOP HEADLINES

* Earnings Review: Healthy growth in AUM, NII lifts Shriram Finance's Q4 PAT
* SC to decide if Indian bks must pay svc tax on intl trade fees by foreign bks
* SC stays NCLAT order asking SREI cos' lenders to pay NABARD INR 7.62 bln
* TV: IDBI Bank divestment to go on, reason for delay public, says Sitharaman
* Exports doing alright as exporters finding new markets, says Sitharaman
* IPO Alert: EAAA India gets SEBI nod to go ahead with OFS in next 12 months
* Earnings Outlook: M&M Fincl Svcs Q4 net profit seen up YoY on higher NIM
* Fitch says better operating environment may drive upgrades for Indian banks
* Analyst Concall: Tata Capital flags external risks; sees steady growth FY27
* RBI OKs reappoinment of Vasudevan PN as MD, CEO of Equitas Small Fin Bk
* Earnings Outlook: Fraud in Haryana govt account to dent IDFC Bank's Q4 PAT
* Earnings Outlook: Fall in credit cost to aid SBI Cards Q4 PAT; NIM seen weak
* Choice Intl Jan-Mar consol PAT rises 16.7% YoY to INR 603.07 million
* Earnings Review: Mark-to-market losses take UTI AMC's PAT to lowest in 5 yrs
* Earnings Review:Tata Capital Q4 PAT beats view on AUM, interest income growth
* SC says IBC must be invoked in genuine cases, not merely to collect dues
* No hit from W Asia war so far, but cautious on some MSME loans: Tata Capital
* Govt extends Bank of Baroda MD Chand's term for 3 years beyond Jun 30
* Post FY26 success, Indian Bk may raise funds via infra bond FY27 too: Source
* Earnings Outlook: Nippon Life India AMC Q4 PAT seen down QoQ on MTM losses
*  India outstanding NRI deposits $167.58 bln in Feb, up $7.24 bln from yr ago
* Govt extends Bank of India MD, CEO Rajneesh Karnatak's tenure for 3 years
* Analyst Concall: Union Bank sees NIM growing on lower deposit costs
* AI must not be seen as disruptor but enabler of fincl inclusion: Banking secy
* India strong amid geopolitical issues, high interest rates - Banking secy
* Earnings Review: Loss on investments drags Aditya Birla AMC's PAT down in Q4
* Soon after Anthropic-Mythos ruckus, Sitharaman meets PSU bks on AI risks
* Union Bk aims for 13-14% credit growth FY27, deposit growth of 8-9%, says MD
* Earnings Review: Union Bank Q4 PAT up on lower provisions; beats Street view
* Earnings Outlook: Birla Sun Life AMC's Q4 PAT seen down on decline in AUM
* Earnings Outlook: Retail loans, stable margins to support L&T Finance Q4 PAT
* RBI clears Panda for appointment as Bandhan Bank part-time chairman
* AI can enable real-time risk assessment, ease ops at CCIL, says SBI Setty
* Analyst Concall: SBI Life to maintain value of new business margin at 26-28%
* Capri Global to mull increasing borrowing limit on Apr 30
* Indian Bk board to consider raising fund on Apr 29, may recommend dividend
* Earnings Review: SBI Life Insurance Q4 PAT falls as invest income drops
* Global uncertainty, West Asia war may pose asset quality risk for bks: ICRA
* Four PSU bks may wait till Q2 to tap mkt to meet public float norm: Sources
* Crisil says got INR 1.49-bln demand from tax authorities for FY23
* UCO Bank board to consider proposal to raise capital on Saturday
* HDFC Life reappoints Vibha Padalkar as MD, CEO for 5 years
* Tata Investment Jan-Mar net profit rises 48% on year to INR 520.8 million
* Aditya Birla Capital to May 4 mull raising funds through debt
* Analyst Concall: 360 ONE WAM aims to maintain 12-15% opening AUM growth - MD
* SBFC Finance board to mull issuing NCDs, other debt securities on Sat
* Earnings Review: 360 One Q4 PAT jumps 16% YoY, misses street view
* SBI files review plea in SC in telecom spectrum insolvency case
* Short-Term Debt: Union Bank raises INR 22 bln via 3-month CD at 6.11%
* Bain Capital entities acquire joint mgmt control in Manappuram Finance
* 360 ONE WAM, arm 360 ONE Prime get INR 3.36 bln income tax demand
* Suryoday Small Finance Bank board to meet May 7 to mull raising funds
* Corpus under pension plans top INR 16.5 tln as of Mar-end, up 14% - PFRDA
* Earnings Outlook: Union Bank's Q4 net profit seen down on lower NIM
* NCLT approves Mohini Health INR 1.63-bln resolution plan for Winsome Yarns
* Data Alert:Life insurers' first-yr premium income up 24% YoY Mar; up 16% FY26
* Data Alert:Life insurers' first-yr premium income up 24% YoY Mar; FY26 up 16%
* 360 ONE WAM arm to acquire Quark Solar for INR 93.85 mln
* Earnings Review: PNB Housing Fin Q4 PAT up 19% on year, beats estimates
* ICICI Pru AMC pays INR 1.4-mln settlement to SEBI for real estate scheme
* AU Small Finance Bank's board to meet Apr 27, mull raising funds
* 360 ONE WAM's step-down arm gets in-principle nod for fund management
* India health insurance coverage rises to over 44% in 2025 vs sub-20% in FY18
* Bajaj General Insurance's Mar gross direct premium INR 13.8 bln, dn 2% on yr
* Earnings Outlook: Can Fin Homes' Q4 PAT seen rising 19% on rise in NII
* Govt asks postal dept to focus on deepening insurance, savings penetration
* 360 ONE WAM arm Batlivala & Karani Sec name changed to 360 ONE Capital
* IDFC FIRST Bank enables customs duty payment through ICEGATE 2.0 integration
* Will focus on deposits to drive 18% credit growth FY27: Bk of Maharashtra MD
* Earnings Review: Bank of Maharashtra Q4 PAT above view on lower provisions
* Anand Rathi Wealth sets May 15 as record date for final dividend
* Earnings Outlook: Bandhan Bank's Q4 PAT seen up YoY after falling for 3 qtrs
* Earnings Review: Net loss on securities pulls down PNB Gilts' Q4 PAT
* IIFCL plans to raise around INR 150 bln via IPO in FY27, say govt sources
* Average returns of all mutual fund categories in week ended Apr 17
* Top, worst performing schemes in MF categories in week ended Apr 17
* El Nino unlikely to cause widespread rural credit stress FY27 - India Ratings
* MCX gets SEBI nod to invest INR 1 bln in coal exchange subsidiary
* Earnings Outlook:IndusInd Bk PAT seen weak as loans, deposits dn for 5th qtr
* Earnings Outlook:Tata Cap Q4 PAT seen up on loan book growth, better margins
* Earnings Outlook: DCB Bank Q4 profit growth seen moderate year on year
* SC flags delay by NCLTs in approving IBC plans, calls for data, reasons
* Earnings Outlook: MTM losses, weak mkt shr to pull dn UTI AMC Q4 PAT 20% YoY
* HDFC Bank OKs retirement of Bhavesh Zaveri as executive director from Sat
* 360 ONE WAM's portfolio mgmt arm to transfer business to asset mgmt arm
* Aavas Financiers OKs appointment of Manu Yeshpal Singh as MD, CEO from Tue
* MCX gets SEBI approval for investment in coal exchange company
* Earnings Outlook: Shriram Fin's PAT seen rising on healthy NII, AUM growth
* Analyst Concall: Capital, deposits enough to aid loan growth - ICICI Bank MD
* ICICI Bank lost INR 1.09 bln Q4 on RBI's diktat to curtail FX portfolios
* HDFC Bk board to soon discuss CEO reappointment, favours Mistry as chairman
* Karur Vysya Bank hikes MCLR by 5 bps across tenures effective Wednesday
* Analyst Concall:HDFC Bank to sustain growth, acknowledges regulatory support
* Analyst Concall: YES Bank wants NIM to be around 3.25-3.50% in over 3 years
* Earnings Review:ICICI Bk Q4 PAT beats view, up 9% as provisions fall sharply
* YES Bank says no material impact of RBI forex norm, US-Iran war
* Earnings Review:Low provisions lift HDFC Bk Q4 PAT even as income stays flat
* Earnings Review: YES Bank Q4 PAT surges as provisions, interest spend drop
* Earnings Outlook: PNB's net profit seen growing at 3-quarter low pace in Q4
* Cabinet hikes dearness allowance to 60% from 58% for central govt staff
* Earnings Outlook: PNB Housing Fin Q4 consol PAT seen up on growth in AUM
* Earnings Review: Low provisions lift HDFC Bk Q4 PAT even as income stays flat
* India gold demand to rise on wedding-, festival-related buying - WGC
* IRDAI OKs general insurers' obligatory cession at 4% of insured sum for FY27

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

US$1 = INR 94.2475

Reported by Cassandra Carvalho

Edited by Deepshikha Bhardwaj

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