SBI, HDFC Bank to ICICI Bank: Nuvama recommends these 12 banking stocks to buy today for long term

Nuvama Institutional Equities has recommended 12 banking stocks for long-term buying, preferring private banks over public sector banks and NBFCs due to better positioning for regulatory tailwinds including FCNR (B) and ECLGS measures. The brokerage expects large private banks to deliver RoAs of 1.8 to 2.1 percent over FY27 to FY29E with above-system credit growth. Target prices imply upside potential ranging from 17 percent (Federal Bank) to 30 percent (ICICI Bank) from previous close levels.