Indian banks reported muted earnings in the first half of FY26, with net profits rising only 2.5% despite an 11.3% credit expansion. This was primarily due to a compression in net interest income as banks passed on policy rate cuts to borrowers while their cost of funds remained elevated. Private banks outperformed public sector banks due to higher other income.
ETMarkets Smart Talk| Building a Rs 10-lakh portfolio in 2026? Naveen Kulkarni of Axis Securities recommends 50%+ in equities
Indian markets are at record highs. Investors are reviewing asset allocation for the coming year. Naveen Kulkarni of Axis Securities PMS suggests a ₹10-lakh portfolio