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HDFC Bank, SBI, City Union Bank — Nirmal Bang Top Stock Picks In Banks, Specialised NBFCs; Q1 Results Preview

SBI, HDFC Bank, Kotak Bank, City Union Bank, and PNB Housing Finance remains Nirmal Bang top picks in the sector.

<div class="paragraphs"><p>Gold loan NBFCs are expected to see strong loan growth and lower credit costs due to elevated gold prices during Q1 FY26.</p><p>(Photo: Vijay Sartape/NDTV Profit)</p></div>
Gold loan NBFCs are expected to see strong loan growth and lower credit costs due to elevated gold prices during Q1 FY26.

(Photo: Vijay Sartape/NDTV Profit)

Nirmal Bang expects its coverage banks to report net interest income/pre-provison operating profit growth of 2.7% YoY/2.2% YoY, respectively, and a 3.4% YoY decline in PAT due to the slowdown in business growth and some pressure on margins.
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