Stocks to buy: UBS picks 4 NBFC shares with upside potential of up to 36%
A monetary policy development with market-wide reach.
24 Sept 2026 · Economic Times Markets, ET Stocks
UBS anticipates a robust cycle of unsecured credit growth in India, primarily fueled by personal loans. The brokerage emphasizes the strong asset quality in banks and non-banking financial companies (NBFCs), coupled with sufficient liquidity in the system.
The analysis
Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Why it matters
- Credit growth and asset quality are the pulse of the financial sector, which is the largest weight in Indian indices.
Market context
- Sector exposure: Banks, Financial Services.
In this story
Related coverage
RBI MPC Decision Live: SBI MD Expects Credit Growth To Remain Strong After Repo Rate Hike
Banks vs NBFCs: Which stocks could benefit as RBI set to hike rates for the first time in 3 years?
PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500
RBI hikes rate, but analysts see shift to ‘calibrated tightening’ as bigger takeaway. How can this impact markets?
Gujarat State Petronet falls sharply from day#39;s high as tariff cut triggers flurry of downgrades