Citi warns of West Asia risks for Indian banks, picks HDFC, ICICI, RBL
CCNBC TV18•13-03-2026, 08:00
Citi warns of West Asia risks for Indian banks, picks HDFC, ICICI, RBL
- •Global brokerage Citi prefers HDFC Bank, ICICI Bank, and RBL Bank among Indian banking stocks.
- •Rising tensions in West Asia pose fresh macro risks for India's banking sector, despite its current strength.
- •Potential risks include higher crude oil prices, trade disruptions, FX volatility, and a widening current account deficit.
- •A prolonged conflict could impact asset quality, tighten liquidity, increase market risk, and slow credit growth.
- •Private sector banks are considered most defensive, followed by public sector banks, while NBFCs appear more vulnerable.
