Bandhan Bank closed at ₹150, down ₹60 from its previous close, marking its 52‑week low on the NSE.
Analyst Mayuresh Joshi of Marketsmith India points out that Karur Vysya Bank delivers consistent earnings and has a secure agricultural portfolio, which gives it an edge over RBL Bank. Joshi says, “The bank’s exposure is covered, mitigating asset‑quality fears.”
RBL Bank, meanwhile, posted a decent quarterly performance, but its management remains cautious about the next couple of quarters, expecting a more aggressive stance only in 2027 and 2028. Joshi notes that RBL’s cautious outlook could weigh on investor sentiment in the short term.
The NBFC landscape is facing three headwinds: a rising interest‑rate environment that strains restructured books, payout risks in unsecured loan portfolios, and recent insurance‑commission changes that could hurt lower‑ranked NBFCs. Mid‑tier and microfinance players are hit hardest, while larger NBFCs are expected to weather the cycle.
In parallel, technology names like HCLTech remain resilient, maintaining a 2.5% cost‑currency guidance and holding EBITDA margins between 17.5% and 18.5%. The company reported a record order book, though global spending cuts and AI‑deflation fears add uncertainty for large‑cap tech stocks.