RBI MPC meeting Oct 2026: Why TCS, HDFC Bank, ICICI Lombard, Coal India shares may gain if 25 bps rate hike is announced

What happened: The RBI will announce its policy decision on 7 October, with analysts expecting a possible 25 bps repo rate hike. Analysts named banks, insurers, IT exporters, and cash-rich firms as potential gainers. Key numbers: Expected hike of 25 bps to 5.50%, the first since February 2023. CPI rose to 4.82% in August 2026 from 4.45% in July. Why it matters: Analysts say lenders like ICICI Bank, HDFC Bank, and Kotak Mahindra Bank could see near-term NIM expansion under the EBLR framework, while insurers, IT exporters, and cash-rich PSUs may gain from higher yields.

The RBI will announce its policy decision on 7 October, with analysts expecting a possible 25 bps repo rate hike. Analysts named banks, insurers, IT exporters, and cash-rich firms as potential gainers.

Analysts say lenders like ICICI Bank, HDFC Bank, and Kotak Mahindra Bank could see near-term NIM expansion under the EBLR framework, while insurers, IT exporters, and cash-rich PSUs may gain from higher yields.