# Nomura maintains 'Buy' ratings on top Indian banks, including HDFC, Axis, Kotak Mahindra, IndusInd, IDFC First,.

*business · news · 2026-04-08 · The Financial Express*

## Key points

- Nomura maintains 'Buy' ratings on major Indian banks despite concerns over deposit sustainability.
- RBI Governor confirmed HDFC Bank passed inspection with no governance or conduct issues.
- SEBI has granted a one-time extension for IPO approvals until the end of September 2026.
- Indian Railways approved over Rs 208 crore for Kavach technology to enhance train safety.

**Companies:** HDFC Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Bank of Baroda
**Countries:** India

[Read the full story on The Financial Express](https://www.financialexpress.com/shorts/market/nomura-maintains-buy-on-hdfc-axis-4-other-banks-signals-sharp-growth-headwinds-ahead-4199785/)

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