Private banks offer best risk-reward amid rising rates, says JPMorgan's Anuj Singla
CNBC-TV18 1 hr ago·22 Sept 2026, 9:14 am
JPMorgan's India financials head Anuj Singla highlighted that private sector banks are positioned to deliver the most attractive risk‑reward profile as interest rates continue to rise in India. He noted that the recent, stronger‑than‑expected inflow of foreign currency non‑resident (FCNR(B)) deposits is adding to banks' funding base.
The extra deposit mobilisation can improve net interest margins and support earnings growth, especially looking ahead to the fiscal year ending 2028. For investors, this means that banks with a larger share of such deposits may see steadier profit trajectories compared with peers relying more on domestic funding.
Going forward, market participants will watch the Reserve Bank of India's policy stance, the pace of FCNR(B) inflows, and upcoming quarterly results of major private banks to gauge whether the anticipated earnings boost materialises.
Excerpt from CNBC-TV18
Anuj Singla, Head of India Financials Research at JPMorgan, said the stronger-than-expected mobilisation of FCNR(B) deposits could provide an additional boost to bank earnings, particularly in FY28. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of…Read the original at CNBC-TV18
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