“Giri is bullish on banks and NBFCs, identifying them as key beneficiaries in the current cycle. He anticipates strong earnings leverage for private banks and NBFCs, driven by 125 basis points of rate cuts in 2025, deregulation, picking up loan growth, sustained low credit costs, and expanding margins in the second phase of rate repricing. Historically, banks have been spectacular outperformers during rate-cut cycles.”

GV Giri’s track record: 3 graded calls · 95% CI 0–56%