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Informist, Friday, Jul. 24, 2026

 

MUMBAI – The Nifty Bank index is expected to perform better next week and is expected to outpace the broader market, on the back of robut earnings from most banks in the index, analysts said. The market is expected to remain under stress due to the on going war in West Asia in the coming week as well, they said. "Indian equities are expected to remain under pressure as escalating geopolitical tensions in West Asia keep Brent crude oil prices elevated, weighing on the rupee and investor sentiment," Siddharth Khemka, Head of Research of Wealth Management at Motilal Oswal Financial Services, said in a note.

 

Nifty Bank constituents that have reported June-quarter earnings so far have largely delivered a healthy set of numbers, with most lenders posting steady loan growth, resilient asset quality and a stable-to-improving profitability despite pressure on net interest margins from repo rate cuts. HDFC Bank signalled it was ready to accelerate loan growth while focusing on liquidity augmentation through RBI's foreign currency schemes, ICICI Bank reported another strong quarter backed by healthy credit costs and stable asset quality, Axis Bank maintained steady business momentum despite margin pressure, while Kotak Mahindra Bank continued to focus on granular deposit mobilisation and improving loan growth.

 

Earnings over the weekend will also dictate direction next week for key contituents of the index. "Key earnings over the weekend from IDFC First Bank, and AU Small Finance Bank will also remain in focus," Khemka said. 

 

Friday, the Nifty Bank settled at 56693.50 points, down 3.1% on week. Shares of Punjab National Bank rose 4.4% on week, leading the index, while HDFC Bank was down 9.4% on week.

 

In its technical view, Bajaj Broking said, "Bank Nifty formed a bullish piercing line candle as buying demand emerged around the 52 weeks EMA from the extreme oversold territory. Bank Nifty in the last 6 weeks is seen consolidating in the range of 56500-58700. Index breached the lower band of the range on Friday's session to form an intraday low of 56023, it however recovered during the session to close above 56,500 levels."  

 

TOP HEADLINES

 

* Earnings Outlook: IDFC Bank's Q1 PAT seen doubling on high loan growth

* SBI Mutual Fund raises stake in Bandhan Bank to over 7%

* ICICI Bank raises $1 bln via dollar bonds at 5.4590% through its IFSC unit

* PRESS: US law firm probes HDFC Bank for internal payment allegations

* Kotak Mutual Fund ups stake in South Indian Bank to over 5%

* Analyst Concall: Ujjivan Small Fin Bk's MSME loan book showing strong growth

* ICICI Bank gets 'Baa3' from Moody's for $7.5 bln notes, outlook stable

* Earnings Review: Suryoday Small Fin Bank's PAT jumps on high interest income

* Earnings Outlook: DCB Bank Q1 PAT seen up on loan growth, asset quality

* Earnings Review: Strong advances, NII growth boost Capital Small Fin Bk PAT

* Earnings Review: Ujjivan Small Fin Bk's Q1 profit surges as provisions slump

* Bajaj Life Insurance gets PFRDA nod to foray into pension business - Source

* Earnings Outlook: Bank of Baroda's one-off settlement to derail performance

* Seeing strong traction in FCNR (B) deposits, says IndusInd Bank

* UCO Bank aims to raise up to $500 mln via FCNR(B), overseas commercial loans

* UCO Bank aims to raise up to $500 mln via FCNR(B), overseas commercial borrow

* IndusInd Bank to raise INR 200 bln via debt, up to INR 100 bln via equity

* Earnings Review: Fall in expenses, provisions boosts IndusInd Bank Q1 PAT

* Earnings Review: Low provisions lift UCO Bank's Q1 PAT; tax outgo drags

* Earnings Review: CSB Bank Q1 net profit up 27% on yr as interest income rises

* Earnings Outlook: Loan growth, lower provisions to lift AU Small Fin Bank PAT

* Bandhan Bank garners INR 300 mln via FCNR deposits; leverage policy underway

* Analyst Concall: Bandhan Bank cuts guidance on return on assets to 1.2-1.4%

* Earnings Review: Bandhan Bk Q1 PAT jumps 35% YoY on sharp fall in provisions

* PFRDA opens on-tap licensing after 4 years to onboard pension fund managers

* PNB Housing to take legal action against Happy Home for INR-4.22-bln 'fraud'

* Analyst Concall: Indian Overseas Bk to raise up to INR 50 bln via equity H2

* Earnings Outlook: Nippon Life AMC Q1 PAT seen up 16% on higher revenue

* IPO Alert: SBI Funds Management listing Tue; issue price set at INR 574/shr

* Earnings Review: Authum Invest's sales, PAT rise YoY after 4 qtrs of decline

* Analyst Concall: Karur Vysya Bk sees NIM near 4% in Q2, to focus on NRI ops

* Earnings Outlook: Aavas' Q1 PAT to rise sharply as loan disbursals, AUM grow

* Analyst Concall: Can Fin Homes confident on maintaining NIM above 3.8% FY27

* Earnings Review: Canara HSBC Life PAT up 20% on healthy premium income

* Earnings Outlook: Rise in NII, lower credit costs to support CSB Bank Q1 PAT

* Indian Overseas Bank aims to raise $1 bln via FCNR(B), overseas borrowing

* Top, worst performing schemes in MF categories in week ended Jul 17

* Average returns of all mutual fund categories in week ended Jul 17

* Earnings Review: 9-qtr high jump in income lifts Indian Overseas Bank PAT 49%

* Earnings Review: Higher interest income boosts Karur Vysya Bk Q1 net profit

* Earnings Review: Higher interest income boosts Karur Vysya Bank Q1 net profit

* No proposal under consideration presently to privatise PSU banks, says govt

* South Indian Bank raises MCLR by 5 bps across tenures from Mon

* Karur Vysya Bank to raise MCLR by 10 bps for overnight, 1-mo, 1 year tenures

* Analyst Concall: HDFC Bank "gung-ho" on FCNR(B) deposits, sees uptick in July

* Earnings Outlook: Bandhan Bank Q1 profit seen sharply up; loan book healthy

* Analyst Concall: Axis Bank sees marginal one-time impact of ECL transition

* Earnings Review: Interest income helps Can Fin Homes Q1 PAT rise 20% YoY

* INTERVIEW: Tying up with foreign banks to attract FCNR deposits, says PNB ED

* Earnings Review: Punjab & Sind Bk Q1 PAT up 23% YoY; provisions fall sharply

* Analyst Concall: ICICI Bank says loan growth momentum continues to be good

* Raising FCNR(B) deposits may lead to dilution of NIM - ICICI Bank's mgmt

* HDFC Bk on cusp of strong growth, chooses liquidity over credit-deposit ratio

* Have hit "cycle bottom" as far as NIM is concerned - Axis Bank MD Chaudhry

* Kotak Bank says FCNR(B) deposits interesting opportunity, sees strong demand

* Analyst Concall: Strong growth in FCNR(B) deposits, ahead of peers - YES Bank

* Analyst Concall: Kotak Bank aims to maintain market share in CV segment

* Analyst Concall: Aim INR 9 bln-INR 10 bln treasury income/qtr FY27 - PNB MD

* Earnings Review:IDBI Bank Q1 PAT rises as reversal of provisions triples YoY

* PNB to mobilise $2.5 bln via FCNR(B) deposits, raised $425 mln so far

* Axis Bank appoints Rajeev Mantri as CFO from Sept 28

* YES Bank says loan growth seen sustaining in coming quarters

* Earnings Outlook: Karur Vysya Bank Q1 PAT seen up on healthy loan growth

* Earnings Review: ICICI Bank beats Street view on PAT, NII as margin expands

* Earnings Review: IDBI Bank Q1 PAT rises as reversal of provisions triples YoY

* Earnings Review: YES Bank Q1 PAT up 34% YoY as loan growth at over 7-yr high

* Earnings Review:Sharp dip in provisions saves face for HDFC Bk as income down

* Earnings Review: Despite high provisions, PNB PAT jumps 214% YoY on low base

* Earnings Review: Interest income lifts Kotak Bank Q1 PAT growth to 2-yr high

* Earnings Review:Axis Bank's Q1 PAT growth at 3-year high as provisions slump

* India Jun gold prices dn MoM but rise YoY as demand up on lower rates - WGC

* Nuvama Wealth gets warning from SEBI on public issues handled by co

* RBI assessed NPAs were INR 1.69 bln higher in Mar 2025 - Jana Small Fin Bank

* Earnings Outlook: ICICI Bank's PAT growth seen sluggish YoY, down on quarter

* Analyst Concall: RBL Bank targets 1% return on assets Q2, 'double-digit' RoE

* Labour min OKs 1-time dispute settlement plan to resolve PF transfer penalty

* Canara Bk gets 'BBB-' rtg from Fitch, 'Baa3' from Moody's for $200 mln notes

* India Ratings, ICRA assign 'AA+' issuer rating to Bank of India

* Analyst Concall: Federal Bk sees one-time transition impact due to ECL norms

* Earnings Review: Poonawalla Fincorp Q1 PAT up four times, beats estimates

* Earnings Review: Higher net interest income lifts RBL Bank's Q1 net profit

* RBL Bank mobilised $150 mln via FCNR(B) deposits so far, says MD

* Credit card business a focus area, says Federal Bank

* RBI set overall target of $90 bln for inflows under FX schemes, sources say

* Central Bank of India aims to raise $400 mln via FCNR(B) deposits, says MD

* Federal Bank to raise up to INR 100 bln through debt securities

* Earnings Review: Central Bank Q1 PAT rises 13% YoY on fall in provisions

* Earnings Review: Federal Bank PAT rises most in 12 qtrs on strong NII

 

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:

 

Company	Price	Week-on-Week Change in %	Resistance	Support
AU Small Finance Bank	1004.00	(-)2.50	1044.30	947.30
Axis Bank	1227.30	(-)7.60	1247.20	1200.60
Bank of Baroda	246.45	(-)0.10	252.10	236.40
Canara Bank	125.65	0.50	129.00	121.30
Federal Bank	354.30	1.50	358.00	348.00
HDFC Bank	742.80	(-)9.40	753.80	731.80
ICICI Bank	1432.90	(-)0.80	1454.00	1404.80
IDFC FIRST Bank	80.79	0.60	82.50	78.00
IndusInd Bank	996.05	(-)3.00	1013.90	975.10
Kotak Mahindra Bank	384.75	(-)1.30	391.20	375.40
Punjab National Bank	110.38	4.40	111.80	108.00
State Bank of India	1015.00	(-)2.80	1028.20	994.20
Index	Levels
Nifty Bank	56693.50	(-)3.10	57324.00	55708.30
Nifty 50	23767.45	(-)2.30	23949.80	23515.20
S&P BSE Sensex	76059.77	(-)2.70	76651.60	75178.50

 

End

 

US$1 = INR 96.56

 

Reported by Kabir Sharma

Edited by Akul Nishant Akhoury

 

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