New Delhi, July 21 -- Large private banks showed resilience in the first quarter of FY26, while mid-sized banks felt pressure on margins and rising slippages, according to a report by Equirus Securities.

The report highlighted mixed trends in net interest margins (NIMs). Large private banks, which have a higher share of repo-linked loans, performed better than expected.

This was supported by interest earned on investments and IT refunds, along with relatively stable cost of funds.

On the other hand, mid-sized banks such as AU Small Finance Bank (AUBANK) and RBL Bank (RBK) reported weak NIMs, mainly due to higher interest reversals and limited benefits from lower funding costs.

However, as per report these banks did manage to book sign...