Budget 2022: Financials to gain from capex push, digital rupee, say experts

Banks and NBFCs stand to gain from the Union Budget as a new growth cycle on the back of the massive capex plan has the potential to crowd-in private investment, say analysts

The shares of financials, including banks and non-bank financing companies, were ruling on the bourses on Wednesday as analysts expect Budget proposals for fiscal year 2022-23 to result in healthy credit growth, higher revenues, and improved margins.
 

The Nifty Bank index was one of the top performing sectoral indices in trade today, rising nearly 2 per cent intra-day. Among individual stocks, IndusInd Bank, AU Small Finance Bank, Kotak Bank, Axis Bank, and IDFC First Bank gained between 2 per cent and 4 per cent.
 

Among NBFCs, Bajaj twins, HDFC AMC, M&M Financial Services, ICICI General Insurance, and Muthoot Finance were