{"id":310175,"date":"2026-10-15T11:37:58","date_gmt":"2026-10-15T06:07:58","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310175"},"modified":"2026-10-15T11:37:58","modified_gmt":"2026-10-15T06:07:58","slug":"retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/","title":{"rendered":"3 Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks With a Strong Future Roadmap: IDBI Bank, HUDCO and AK Capital Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>IDBI Bank Rs 90.39, P\/E 9.57. HUDCO Rs 164.05, P\/E 7.38. AK Capital Rs 1,752.40, P\/E 9.66. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Retail bank, urban infrastructure lender and merchant banking stocks with the clearest long-term roadmaps today include IDBI Bank in retail and corporate banking with a growing deposit franchise, HUDCO in loans for housing, urban infrastructure and social projects and AK Capital in merchant banking, debt capital market services, broking and lending. FY26 revenue growth was 4.6% at IDBI Bank, 28.8% at HUDCO and 18.4% at AK Capital. P\/E stands at 9.57 for IDBI Bank (industry 12.00), 7.38 for HUDCO (industry 17.72) and 9.66 for AK Capital (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Retail bank, urban infrastructure lender and merchant banking stocks give investors exposure to banking, project finance and capital market services for households, cities and issuers. Credit growth, funding costs and fee income decide how much of that demand turns into profit.<\/p>\n<p>This list covers three retail bank, urban infrastructure lender and merchant banking stocks: IDBI Bank for retail and corporate banking with a growing deposit franchise, HUDCO for loans for housing, urban infrastructure and social projects and AK Capital Services for merchant banking, debt capital market services, broking and lending. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#What_Are_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\" title=\"What Are Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks?\">What Are Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_at_a_Glance\" title=\"Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks at a Glance\">Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Why_Do_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks Have a Strong Roadmap in India?\">Why Do Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#IDBI_Bank_Retail_and_Corporate_Banking_Drive_the_Pipeline\" title=\"IDBI Bank: Retail and Corporate Banking Drive the Pipeline\">IDBI Bank: Retail and Corporate Banking Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#HUDCO_Urban_Infrastructure_Lending_Drives_the_Pipeline\" title=\"HUDCO: Urban Infrastructure Lending Drives the Pipeline\">HUDCO: Urban Infrastructure Lending Drives the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#AK_Capital_Services_Merchant_Banking_and_Lending_Anchor_the_Roadmap\" title=\"AK Capital Services: Merchant Banking and Lending Anchor the Roadmap\">AK Capital Services: Merchant Banking and Lending Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Best_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_in_India_IDBI_Bank_vs_HUDCO_vs_AK_Capital_on_Key_Financials\" title=\"Best Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks in India: IDBI Bank vs HUDCO vs AK Capital on Key Financials\">Best Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks in India: IDBI Bank vs HUDCO vs AK Capital on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#How_to_Evaluate_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks to Buy Before You Invest\">How to Evaluate Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Risks_to_Consider_Before_Investing_in_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\" title=\"Risks to Consider Before Investing in Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks\">Risks to Consider Before Investing in Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#FAQs_on_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\" title=\"FAQs on Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks\">FAQs on Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Which_are_the_best_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best retail bank, urban infrastructure lender and merchant banking stocks in India with a strong roadmap?\">Which are the best retail bank, urban infrastructure lender and merchant banking stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Is_IDBI_Bank_a_good_stock_to_buy_now\" title=\"Is IDBI Bank a good stock to buy now?\">Is IDBI Bank a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#What_is_the_PE_ratio_of_IDBI_Bank_HUDCO_and_AK_Capital\" title=\"What is the P\/E ratio of IDBI Bank, HUDCO and AK Capital?\">What is the P\/E ratio of IDBI Bank, HUDCO and AK Capital?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Which_of_these_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_has_the_highest_return_on_equity\" title=\"Which of these retail bank, urban infrastructure lender and merchant banking stocks has the highest return on equity?\">Which of these retail bank, urban infrastructure lender and merchant banking stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#What_are_the_risks_of_investing_in_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks\" title=\"What are the risks of investing in retail bank, urban infrastructure lender and merchant banking stocks?\">What are the risks of investing in retail bank, urban infrastructure lender and merchant banking stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#How_did_IDBI_Bank_HUDCO_and_AK_Capital_perform_in_Q1_FY27\" title=\"How did IDBI Bank, HUDCO and AK Capital perform in Q1 FY27?\">How did IDBI Bank, HUDCO and AK Capital perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#Do_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_pay_dividends\" title=\"Do retail bank, urban infrastructure lender and merchant banking stocks pay dividends?\">Do retail bank, urban infrastructure lender and merchant banking stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/retail-bank-urban-infrastructure-lender-and-merchant-banking-stocks-roadmap-pathway-list\/#How_can_I_invest_in_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_in_India\" title=\"How can I invest in retail bank, urban infrastructure lender and merchant banking stocks in India?\">How can I invest in retail bank, urban infrastructure lender and merchant banking stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\"><\/span><strong>What Are Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Retail bank, urban infrastructure lender and merchant banking stocks are shares of companies that lend, insure or take deposits for households and businesses. Results depend on credit growth, funding costs and asset quality, so asset quality and funding costs separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_at_a_Glance\"><\/span><strong>Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three retail bank, urban infrastructure lender and merchant banking stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/idbi\/idbi-bank-ltd-share-price-today\">IDBI Bank<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">90.39<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">89,460<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.57<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.39%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/hudco\/housing-urban-development-corporation-ltd-share-price-today\">HUDCO<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">164.05<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,410<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.38<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.36%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/akcapit\/ak-capital-services-ltd-share-price-today\">AK Capital Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,752.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,143<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.55%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among banking and finance stocks, all three trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Retail bank, urban infrastructure lender and merchant banking stocks have a strong roadmap in India because rising credit demand, urban infrastructure needs and bond market activity keep adding business for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Credit demand:<\/strong> Households and firms borrow more as activity grows.<\/li>\n<li><strong>Urban projects:<\/strong> Housing and city infrastructure need long-term funds.<\/li>\n<li><strong>Debt markets:<\/strong> Issuers raise funds through bonds and need arrangers.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"IDBI_Bank_Retail_and_Corporate_Banking_Drive_the_Pipeline\"><\/span><strong>IDBI Bank: Retail and Corporate Banking Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IDBI Bank&#8217;s roadmap rests on retail and corporate banking with a growing deposit franchise, with loan growth and a cleaner balance sheet supporting earnings.<\/p>\n<p>Revenue grew from Rs 23,235.02 crore in FY22 to Rs 35,631.19 crore in FY26, a 53.4% rise, and FY26 revenue was 4.6% higher than FY25. FY26 net profit rose 20.6% to Rs 9,236.61 crore. Over four years, net profit rose from Rs 2,557.07 crore in FY22 to Rs 9,236.61 crore. In Q1 FY27, revenue grew 1.6% to Rs 8,633.28 crore, and net profit rose 5.3% to Rs 2,130.57 crore.<\/p>\n<p>Return on equity is 15.39%. At a P\/E of 9.57 against an industry P\/E of 12.00, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 9.57 against an industry P\/E of 12.00 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HUDCO_Urban_Infrastructure_Lending_Drives_the_Pipeline\"><\/span><strong>HUDCO: Urban Infrastructure Lending Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HUDCO&#8217;s roadmap rests on loans for housing, urban infrastructure and social projects, with government-backed urban programmes supporting loan demand.<\/p>\n<p>Revenue grew from Rs 6,997.66 crore in FY22 to Rs 13,327.13 crore in FY26, a 90.5% rise, and FY26 revenue was 28.8% higher than FY25. FY26 net profit rose 48.9% to Rs 4,034.37 crore. Over four years, net profit rose from Rs 1,716.41 crore in FY22 to Rs 4,034.37 crore. In Q1 FY27, revenue grew 26.9% to Rs 3,737.49 crore, and net profit rose 35.0% to Rs 851.11 crore.<\/p>\n<p>Debt to equity is 6.45 and return on equity is 18.36%. HUDCO paid a dividend of Rs 6.05 per share for FY26, a yield of 3.86%. At a P\/E of 7.38 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 7.38 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AK_Capital_Services_Merchant_Banking_and_Lending_Anchor_the_Roadmap\"><\/span><strong>AK Capital Services: Merchant Banking and Lending Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>AK Capital&#8217;s roadmap rests on merchant banking, debt capital market services, broking and lending, with several fee and interest income lines supporting earnings.<\/p>\n<p>Revenue grew from Rs 322.89 crore in FY22 to Rs 573.02 crore in FY26, a 77.5% rise, and FY26 revenue was 18.4% higher than FY25. FY26 net profit rose 30.9% to Rs 114.04 crore. Over four years, net profit rose from Rs 83.01 crore in FY22 to Rs 114.04 crore. In Q1 FY27, revenue grew 4.2% to Rs 140.27 crore, and net profit rose 18.2% to Rs 28.27 crore.<\/p>\n<p>Debt to equity is 2.95 and return on equity is 10.55%. AK Capital paid a dividend of Rs 60 per share for FY26, a yield of 3.46%. At a P\/E of 9.66 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 9.66 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_in_India_IDBI_Bank_vs_HUDCO_vs_AK_Capital_on_Key_Financials\"><\/span><strong>Best Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks in India: IDBI Bank vs HUDCO vs AK Capital on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best retail bank, urban infrastructure lender and merchant banking stocks in India, IDBI Bank ranks second on return on equity and the lowest P\/E; HUDCO leads on FY26 revenue growth and Q1 FY27 revenue growth; AK Capital ranks second on FY26 revenue growth and Q1 FY27 revenue growth. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">IDBI Bank<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">HUDCO<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">AK Capital<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35,631.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13,327.13<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">573.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,236.61<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,034.37<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">114.04<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.39%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.55%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.57<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.38<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.66<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.86%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.46%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Financial earnings follow credit growth, funding costs and asset quality, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen retail bank, urban infrastructure lender and merchant banking stocks and shortlist retail bank, urban infrastructure lender and merchant banking stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check loan growth, asset quality and capital adequacy together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch capital adequacy and asset quality before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these retail bank, urban infrastructure lender and merchant banking stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\"><\/span><strong>Risks to Consider Before Investing in Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Asset quality:<\/strong> A rise in overdue loans can reduce profit.<\/li>\n<li><strong>Funding costs:<\/strong> Changes in borrowing costs can move spreads.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track IDBI Bank, HUDCO and AK Capital live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three banking and finance stocks cover retail banking, urban infrastructure lending and merchant banking. IDBI Bank ranks second on return on equity and the lowest P\/E; HUDCO leads on FY26 revenue growth and Q1 FY27 revenue growth; AK Capital ranks second on FY26 revenue growth and Q1 FY27 revenue growth.<\/p>\n<p>Across retail bank, urban infrastructure lender and merchant banking stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the retail bank, urban infrastructure lender and merchant banking stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Retail_Bank_Urban_Infrastructure_Lender_and_Merchant_Banking_Stocks\"><\/span><strong>FAQs on Retail Bank, Urban Infrastructure Lender and Merchant Banking Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best retail bank, urban infrastructure lender and merchant banking stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IDBI Bank, HUDCO and AK Capital Services stand out for their roadmaps in retail banking, urban infrastructure lending and merchant banking. FY26 revenue growth was 4.6% at IDBI Bank, 28.8% at HUDCO and 18.4% at AK Capital, and return on equity ranges from 10.55% to 18.36%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_IDBI_Bank_a_good_stock_to_buy_now\"><\/span><strong>Is IDBI Bank a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IDBI Bank has a return on equity of 15.39% and a P\/E of 9.57 against an industry P\/E of 12.00. Valuation, asset quality and funding costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_IDBI_Bank_HUDCO_and_AK_Capital\"><\/span><strong>What is the P\/E ratio of IDBI Bank, HUDCO and AK Capital?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 9.57 for IDBI Bank (industry 12.00), 7.38 for HUDCO (industry 17.72) and 9.66 for AK Capital (industry 17.72). All of them trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these retail bank, urban infrastructure lender and merchant banking stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HUDCO has the highest return on equity at 18.36%, followed by IDBI Bank at 15.39% and AK Capital Services at 10.55%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks\"><\/span><strong>What are the risks of investing in retail bank, urban infrastructure lender and merchant banking stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are asset quality, funding costs and quarterly trends. A rise in overdue loans can reduce profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_IDBI_Bank_HUDCO_and_AK_Capital_perform_in_Q1_FY27\"><\/span><strong>How did IDBI Bank, HUDCO and AK Capital perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IDBI Bank reported revenue of Rs 8,633.28 crore, up 1.6% year on year, and net profit rose 5.3% to Rs 2,130.57 crore. HUDCO reported revenue of Rs 3,737.49 crore, up 26.9% year on year, and net profit rose 35.0% to Rs 851.11 crore. AK Capital Services reported revenue of Rs 140.27 crore, up 4.2% year on year, and net profit rose 18.2% to Rs 28.27 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_pay_dividends\"><\/span><strong>Do retail bank, urban infrastructure lender and merchant banking stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HUDCO and AK Capital pay dividends. The dividend yield is 3.86% for HUDCO and 3.46% for AK Capital, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_retail_bank_urban_infrastructure_lender_and_merchant_banking_stocks_in_India\"><\/span><strong>How can I invest in retail bank, urban infrastructure lender and merchant banking stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy retail bank, urban infrastructure lender and merchant banking stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best retail bank, urban infrastructure lender and merchant banking stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IDBI Bank, HUDCO and AK Capital Services stand out for their roadmaps in retail banking, urban infrastructure lending and merchant banking. FY26 revenue growth was 4.6% at IDBI Bank, 28.8% at HUDCO and 18.4% at AK Capital, and return on equity ranges from 10.55% to 18.36%.\"}},{\"@type\":\"Question\",\"name\":\"Is IDBI Bank a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IDBI Bank has a return on equity of 15.39% and a P\/E of 9.57 against an industry P\/E of 12.00. 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