Jefferies says uncertainty over management succession at HDFC Bank is acting as a major drag on India’s banking sector valuations. Even with strong underlying fundamentals, the overhang is keeping benchmark valuations muted. The brokerage expects earnings and valuation recovery if there is clarity on leadership timelines and tensions in West Asia ease.
RBI Governor Sanjay Malhotra says India’s financial markets are holding up strongly despite global headwinds, citing rapid growth, controlled inflation and a robust banking sector. He argues the next phase of growth requires deeper, more efficient markets—driven by higher liquidity and broader participation. The RBI is also rolling out steps to improve market efficiency and transparency.
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Axis Bank shares slid around 5% after a muted Q4FY26. Net profit edged down 0.6% YoY to Rs 7,071 crore, even though both interest income and expenses increased by about 4.7% each. The profit slowdown alongside rising cost pressure spooked investors and dragged sentiment in the stock.
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