Brokerages remain constructive on banks despite near-term headwinds. Prabhudas Lilladher flags NIM pressure, slowing retail credit and macro risks, though credit growth has rebounded. Domestic funds see attractive valuations after FII selling, favouring large private lenders. BNP Paribas finds the risk-reward favourable, while Tata MF expects FY27 earnings upgrades. However, persistent FII outflows may continue to weigh on bank stocks.