Low impact
State-run banks rise 1.4% on Bank of Baroda results; Bank of Maharashtra slips
The Nifty PSU Bank index rose 1.36%, led by Bank of Baroda, which gained 2.7% after strong results and a raised FY27 growth forecast, according to HDFC Sky. Not all lenders joined in. Bank of Maharashtra fell 2.91% to ₹78.99, and private banks ICICI Bank, Kotak Mahindra Bank and Axis Bank were among the Nifty's losers, each down about 0.7%. IDFC First Bank rose 2.26%.
The chain of consequences
- 1Bank of Baroda reports strong results and raises its growth outlook
- 2Nifty PSU Bank rises 1.36%
- 3Private banks such as ICICI, Kotak and Axis ease
- 4Bank of Maharashtra falls 2.9%
Tends to gain
Large state-run banks
Tends to lose
Some private banks and Bank of Maharashtra
If it reverses
Weaker loan growth or higher bad loans would hurt the sector.
Companies in this story
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