Bank Stocks Trade Mixed After Q4FY26 Updates; BoB and BoM Surge
Banking stocks today trade mixed as IndusInd Bank shares fall on weak Q4FY26 updates, while PSU banks gain and private lenders show muted trends.
PSU banks rise while private lenders slip as IndusInd Bank drags amid weak Q4FY26 business updates
On Monday, Banking stocks traded on a mixed note, April 6, 2026, as investors answered to lenders’ fourth-quarter (Q4FY26) business updates. Shares in the most private sector banks declined; however, the public sector banks witnessed increases.
At the wider level, the Nifty PSU Bank index rose 1.5 per cent at 9:34 AM. However, the Nifty Private Bank index decreased by about 0.27 per cent. Apart from the benchmark Nifty 50 index, which was somewhat lower by 0.05 per cent during the same period.
Among the private lenders, IndusInd Bank comes up as the top laggard at the time of writing, with its shares falling about 1 per cent on the National Stock Exchange. The BoB and Bank of Maharashtra have advanced. The RBL Bank, HDFC Bank, Bank of Baroda, Bank of Maharashtra, Axis Bank, and IndusInd Bank declined.
IndusInd Bank stock went down 2.8 per cent intraday after the lender said its net advances declined 8.7 per cent year-on-year in Q4FY26 to ₹3,15,154 crore. However, the advances were lower by 0.8 per cent.
IndusInd Bank's account about the 2.6 per cent year-on-year decline in its advances for Q4, although on a sequential basis. The banking sector can rightly advance, growing 1.6 per cent to ₹4, 00,178 crore.
The analysts at Motilal Oswal Financial Services are well-known for the fact that the bank’s advances came as per the expectation. The brokerage had projected a sharper 7.3 per cent year-on-year rise but anticipated a milder 0.7 per cent growth in net advances.
Meanwhile, the bank’s deposit growth was mainly in line with guesses. The brokerage has maintained its ‘Neutral’ stance on the stock.
The bank said, “Customer deposits increased during the quarter despite headwinds including year-end advance tax outflows, tight liquidity environment, news flow about the incident reported during the quarter, prevailing West Asia crisis for over a month, and reduction of interest rates on Savings Accounts between 50 to 200 bps in key buckets during Q4FY26.”
