Banking Stocks: Why SBI, HDFC Bank Could See Strong Medium-To-Long-Term Growth

Banking stocks are in focus after private sector and PSU banks reported their Q2 business updates. While rising bond yields could create short-term pressure on treasury gains and profitability, strong credit growth and improving asset quality remain key positives for the sector. G Chokkalingam, Founder & MD, Equinomics Research, explains why the medium-to-long-term outlook for banks remains strong and highlights SBI and HDFC Bank as stocks to watch. The discussion also looks at FCNR deposits, lending growth and why banking could remain a strong growth sector despite near-term challenges from inflation and bond yields. Like, Share, and Subscribe to Business Today.