India's top two private sector lenders - HDFC Bank and ICICI Bank - reported robust quarterly earnings on Saturday, April 18. Key numbers point to strong profit growth, stable net interest margins (NIM), while asset quality has further improved, prompting analysts to remain bullish on the two lenders and, as such, the broader sector. Amid the current volatility in the stock market, in the wake of the US-Israel war on Iran, banking is one of the key sectors that analysts have had a positive view of. Generally, asset quality concerns have ebbed, although the impact of the conflict on certain sectors and small and medium industries will have to be watched for in the next quarter. Valuations have been reasonable as well. Growth in both deposits and advances has been good too; however, credit growth could see some slowdown should the war linger on for several months.