New Delhi, July 12 -- We anticipate Q1FY27 earnings season to open on a positive note as business update from the two laggards of 2025-26, banking and IT sector, are showcasing signs of recovery. Banks are affected by constant and relentless FII selling while global AI-driven rout pressured IT. Initial Q1 results of both the sectors are showing signs of resilience heading into the new fiscal year.

As per RBI data ended mid-June 2026, system credit growth accelerated to 17.7% YoY - the strongest pace in two years - while deposit growth lagged at 12%. Credit momentum is broad-based across services, MSME, industrial and secured retail and is expected to sustain through FY27. The private banks delivered balanced, well-funded growth with loan...