BNP Paribas analyst Santanu Chakrabarti is bucking the trend, favoring banks over NBFCs during rate cut cycles. He anticipates that while banks will initially face margin pressure, deposit costs will ease, and CASA ratios will improve, leading to earnings growth by Q3FY26. Chakrabarti highlights valuation discounts in select banking stocks compared to NBFCs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets