Bullish on system credit growth, with record FCNR(B) inflows backing estimates of a 150 bps increase to 15.5-16% for FY27. Noted ICICI Bank mobilized $17.9 billion (14% market share), SBI garnered $9 billion, and RBL Bank added $3.4 billion, exceeding its deposit market share.

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%

Bank NiftyBullishCalled 04 Sep 2026
Verdict:PENDING

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