Banks vs NBFCs: Which stocks could benefit as RBI eyes rate hike for first time in 3 years?

Economic Times - Oct 6, 2026

The RBI’s expected first rate hike in three years could have a mixed impact on banks and NBFCs. While higher funding costs may pressure NBFC margins, lenders with floating-rate assets and strong liquidity could benefit. Brokerages favour HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and Tata Capital.

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