India, Feb. 24 -- India's private sector banks drive dynamic growth in the competitive banking landscape. In Q1 FY2026, they boast superior asset quality with gross NPAs at 1.8%, fueling healthy credit expansion of around 9-12% YoY amid system-wide advances nearing Rs191 lakh crore. With 21 such banks powering retail and SME lending, they maintain robust RoAs near 1.7-2% despite margin pressures, positioning for sustained profitability.

With a market capitalisation of Rs 60,925.28 crore, the shares of IDFC First Bank Ltd were trading at Rs 70.85 per share, decreasing around 20 percent as compared to the previous closing price of Rs 70.04 apiece.

Brokerage Recommendations Axis Direct has maintained a positive outlook on the bank stock, i...