Why Is LIC Mutual Fund Bullish On Banks? Here's What Yogesh Patil Says

In this edition of Market Guru, Business Today speak to Yogesh Patil, CIO of LIC Mutual Fund, on why the fund is sharply increasing exposure to both public sector and private sector banks. Patil highlights that NPAs are at the lowest levels in a decade, corporate balance sheets are stronger, and credit growth is being driven more by consumers than corporates. With inflation moderating and interest rates stable, he believes the banking sector is entering a healthy and profitable phase. Patil expects double-digit credit growth to sustain over the next few years, supported by improving economic momentum and regulatory oversight. He explains why consumer-focused banking franchises could outperform and how LIC MF is positioning portfolios to benefit from India’s long-term financial growth cycle