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Informist, Friday, May 8, 2026

By Kabir Sharma

MUMBAI – After a sharp decline in the shares of State Bank of India, the country's largest lender, on Friday due to pressure on margins, stocks of all public sector banks will remain in focus next week, analysts said. SBI's shares fell nearly 7% on Friday after the lender reported its earnings for the March quarter. 

The bank's margins took a hit in the March quarter, with the domestic net interest margin moderating to 2.93% from 3.11% in the December quarter. The domestic NIM was 3.14% a year ago. 

On the macro front, analysts said the developments in West Asia will remain in focus, along with inflation data. "Looking ahead, markets will closely monitor India and US inflation data, along with domestic credit growth trends, as these will influence RBI rate expectations and corporate margin outlook. While stable crude prices and rupee recovery offer near-term support, any renewed escalation in West Asia remains a key risk, particularly for commodity-sensitive sector," Vinod Nair, head of research, Geojit Investments Ltd., said in a note.

This week, the Nifty Bank settled at 55310.55 points, up 0.80% on week. In comparison, the benchmark Nifty 50 rose 0.70% in the week. 

In its technical view, Bajaj Broking said, "Bank Nifty continue to consolidate in the range of 54,000-56,500 in the last 10 sessions. We expect the index to extend the same in the coming sessions. Bank Nifty last two weeks' highs are almost identical around 56,475. Going ahead, only a move above the same will infuse further momentum towards 57,500 levels in the coming weeks. Index has key support around 54,000-54,500 levels being the confluence of the recent low and 38.2% retracement of the last 3 weeks pullback." 

TOP HEADLINES

* Earnings Outlook: Canara Bank PAT seen down on year on lower treasury gains

* Earnings Review: SBI net profit beats Street view as provisions fall sharply

* Earnings Review: Ujjivan Small Fin Bank's PAT up 3-fold as provisions slump

* SBI board to meet Tue, decide on long-term fund raising of up to $2 bln

* Earnings Outlook: High provision, low other income may drag Bk of Baroda PAT

* Earnings Review: Suryoday Small Fin Bk posts PAT in Q4 on lower provisions

* Earnings Review: Suryoday Small Fin Bank posts PAT in Q4 on lower provisions

* UCO Bank keeps MCLR unchanged across tenures

* RBI allows Kotak Mahindra Bk to acquire up to 9.99% stake in South Indian Bk

* Earnings Review: Strong growth in associate cos boosts Bajaj Holdings Q4 PAT

* Earnings Review: Karur Vysya Bank Q4 PAT jumps 41% YoY as expenses moderate

* Govt mulls revision of policy cover under insurance schemes - Banking secy

* RBI allows Kotak Mahindra Bank to acquire up to 9.99% stake in J&K Bank

* SBI staff federation calls two-day nationwide strike on May 25, 26

* Fitch sees new credit loss norms hitting PSU banks' core capital ratio more

* RBI allows Kotak Mahindra Bank to acquire up to 9.99% stake in Federal Bank

* Risk management should support innovation, not curtail it, says banking secy

* RBI OKs Kotak Bank, arms to acquire up to 9.99% stake in AU Small Fin Bank

* Analyst Concall: One 97 Comm sees market share growth in core business ahead

* Earnings Outlook:SBI PAT seen steady; treasury losses may offset loan growth

* HDFC Bk gets RBI nod to buy up to 9.95% stake in ICICI Bk, Kotak Mahindra Bk

* Bank of Baroda gets PFRDA's nod to start pension fund management business

* Earnings Review: South Indian Bk's PAT up as provisions fall most in 13 qtrs

* Earnings Outlook: Karur Vysya Bk Q4 PAT seen up YoY on healthy loan growth

* RBI releases draft norms on non-fincl assets acquired during loan recovery

* Cabinet OKs INR 181-bln credit guarantee scheme for cos amid West Asia war

* Earnings Review: Aavas Financiers' PAT rises 18% YoY as disbursements surge

* Earnings Review: Surge in interest income boosts Aadhar Housing Fin's Q4 PAT

* Earnings Review: Lower tax, expenses lift J&K Bank PAT growth to 6-qtr high

* UCO Bank says GST demand cut to INR 48.6 mln from INR 14.73 bln post appeal

* Analyst Concall:Disbursement of over INR 1 tln of loans pending, says PNB MD

* HC quashes FIR against HDFC Bk CEO Jagdishan in Lilavati trust bribery case

* PNB expects NIM to improve, sees it in 2.6-2.7% range in FY27

* Earnings Review: PNB Q4 net profit growth highest in 4 qtrs, beats view

* Earnings Outlook: PB Fintech earnings seen up on surge in insurance premiums

* PRESS: IndusInd Bank former CFO files INR-700-mln lawsuit over termination

* Earnings Outlook: Growing fincl svcs business to aid One 97 Comm's Q4 PAT

* Earnings Outlook: Aadhar Housing Finance Q4 PAT seen up on growth in AUM

* Bank of Baroda board to meet Fri, mull plan to raise capital via bonds

* PFRDA evaluating Motilal Oswal's plan to set up pension fund co, says source

* Earnings Review: Sharp fall in provisions lifts CSB Bank's Jan-Mar PAT

* Tech alone can't answer emerging questions in banking, says RBI Swaminathan

* Analyst Concall: Cholamandalam Invest guides for 20-23% AUM growth in FY27

* Indian Bank cuts T-bill linked rates on loans below 6 months by 5 bps

* Fin min amends FEMA rules to allow 100% FDI in insurance cos, intermediaries

* Analyst Concall: Kotak Bk FY27 NIM seen dn but decline to be lower than FY26

* Earnings Outlook: Poonawalla Fincorp Q4 PAT seen rising over three-fold YoY

* Naive to assume no impact from W Asia war, says Kotak Bk; flags margin woes

* Earnings Review: Kotak Bk's PAT up as provisions fall, interest income rises

* Axis Bank launches digital locker branch, aims to open more going ahead

* RBI Malhotra says India bks need to evolve as mkt makers globally - dealers

* Banking committee to oversee banks' balance sheet constraints, says Nagaraju

* R Vijay Anandh takes charge as City Union Bank MD, CEO, effective Friday

* Banking committee to oversee bks' balance sheet constraints

* Earnings Outlook: Margin pressure to offset Kotak Bank's credit growth gain

* CORRECTS:Bk credit to svcs sector up 19% as of Mar 31, personal loans up 16%

* Weighted average rate on new bank loans falls 4 bps on month to 8.40% in Mar

* Have buffer to transition to expected credit loss regime: Central Bk of India

* Earnings Review:Central Bank's net profit slumps on sharp rise in income tax

* Earnings Review:Edelweiss Fincl Q4 consol PAT dn 17% YoY; deferred taxes aid

* Analyst Concall: Buyback of Allianz's stake to boost returns - Bajaj Finserv

* Fitch affirms 'BBB-' rating on PFC, REC amid merger plan; outlooks stable

* Bank of India board approves raising up to INR 75 bln via bonds in FY27

* Earnings Review: Cholamandalam Invest beats Street view despite mgmt overlay

* Earnings Review: Equitas Small Fin Bank PAT jumps 5-fold as provisions slump

* Earnings Review: ESAF Small Fin Q4 PAT up as provisions fall, income rises

* PSU banks selected 50,552 candidates in FY26, says fin min

* Earnings Review: Bajaj Finserv PAT up 5% as liabilities drop, income rises

* Earnings Review: IDBI Bk Q4 PAT dn YoY as provision reversal-gains moderate

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 94.48

Edited by Avishek Dutta

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