Pvt banks’ mcap eases in Q2 after US tariffs

New Delhi: Private-sector banks in India slipped in market capitalisation (mcap) during the July–September quarter (Q2 FY26), as trade uncertainties dragged on market sentiment, according to a new report on Monday, adding that public-sector banks (PSBs) gained during the three-month period, staying resilient against external pressures.

HDFC Bank shed 4.8 per cent in market cap during the third quarter, while ICICI Bank dropped 6.7 per cent, according to S&P Global Market Intelligence data.

Both the private sector lenders posted market cap gains in the April–June quarter, buoyed by rate cuts and high liquidity in the banking system.