Margin boost: Jefferies picks 3 bank stocks to gain the most from RBI rate hikes

Jefferies, a financial services firm, expects the Reserve Bank of India's (RBI) recent 25-basis-point rate hike and calibrated tightening stance to support bank earnings.

ICICI Bank, SBI, and Axis Bank are expected to gain the most from this rate hike due to faster loan repricing, which could drive margin expansion.

However, smaller private banks, NBFCs, and life insurers may face greater pressure.