Banking Sector Q1 Re-Rating, SEBI Mutual Fund Reforms, and Inbound FDI Surge: A Week of Cross-Currents

Strong Q1 banking results combined with regulatory tailwinds and rising foreign investment paint an optimistic picture for India's financial sector. ICICI Securities reports Q1FY27 saw bank NII growth hit an 11% multi-quarter high, with profit growth improving across the sector. Goldman Sachs is initiating coverage with bullish calls on multiple private banks, seeing potential upside of up to 36% for ICICI Bank. SEBI's proposed net settlement for mutual funds could ease...