BNP Paribas keeps Bajaj Finance among top NBFC picks, upgrades Axis Bank

Looking ahead, Shantanu Chakrabarty, Analyst at BNP Paribas expects the banking sector’s earnings to grow in low single digits for 2025-26, with acceleration in the second half leading to double-digit growth by 2025-26-end. For 2026-27, he forecasts earnings growth of nearly 20%, supported by margin gains and steady loan expansion.

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