ICICI Securities: Like SBI, HDFC Bank, Axis Bank and Federal Bank

Kunal Shah, BFSI Analyst at ICICI Securities likes Axis Bank, State Bank of India (SBI) and HDFC Bank from the banking space. Shah also likes Federal Bank. Within the midcap space, Federal Bank is the top pick, he said. He expects to see 9 percent credit growth by the end of current fiscal year, FY22.

AU Small Finance Bank and Bandhan Bank have shown strong momentum in loan growth quarter-on-quarter (QoQ). He also shared his views on RBL Bank.