Bajaj Finance, other NBFC stocks outperform bank stocks after RBI bazooka. Should you still buy?

Emkay Global views the RBI’s move as a clear positive for NBFCs, especially those heavily reliant on bank borrowings and with a sizable fixed-rate loan portfolio, such as gold and vehicle financiers. These firms are expected to benefit from reduced funding costs and improved net interest margins (NIMs) in H2FY26 and beyond.

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