India’s banking sector continues to demonstrate robust growth as both IDBI Bank and Bandhan Bank reported significant credit and deposit growth during the December quarter.

Public sector banks were among major losers on Friday with Central Bank, UCO Bank, Indian Overseas Bank and IDBI Bank down by over 4 percent.

Public sector banks were trading positive on Friday with Bank of India, Union Bank, Indian Bank and IDBI Bank shares trading positive. SBI, Bank of Baroda and PNB were trading marginally higher.

Market analyst Rahul Mohindar has suggested three BUY Calls and no SELL Call for today’s trading session.

It was a feeble day for the stock markets followed by instability and indecision due to sub prime mortgage concerns.

Sensex lost 207.83 points at 15100.15, while the Nifty ended 58.90 points down at 4403.20.

Rahul Mohindar of Viratechindia.com is optimistic on IDBI

The Industrial Development Bank of India Limited (IDBI) is one of India's top public sector banks. It was founded in 1964 by an Act of Parliament as a wholly owned subsidiary of the RBI to offer credit and other facilities for the growth of the fledgling Indian business.