Bullish on private banks, expecting them to recover loan market share lost during liquidity constraints. FCNR(B) inflows are projected to drive private bank deposit growth to 18%-24% in FY27, enabling re-entry into lower-yielding segments like mortgages and higher-rated corporate loans, reversing the trend of public sector banks gaining market share.

Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%

Nifty Private BankBullishCalled 08 Sep 2026
Verdict:PENDING

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