{"id":316804,"date":"2026-10-19T14:29:57","date_gmt":"2026-10-19T08:59:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=316804"},"modified":"2026-10-19T14:29:57","modified_gmt":"2026-10-19T08:59:57","slug":"digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/","title":{"rendered":"3 Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks With a Strong Future Roadmap: ICICI Bank, Bajaj Finserv and Motilal Oswal Financial Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>ICICI Bank Rs 1,397.00, P\/E 16.27. Bajaj Finserv Rs 1,729.00, P\/E 13.26. Motilal Oswal Rs 1,057.60, P\/E 30.89. 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;\">Digital-first bank, insurance-led holding firm and brokerage stocks with the clearest long-term roadmaps today include ICICI Bank in retail, business and corporate banking supported by a strong digital platform, Bajaj Finserv in a financial holding company with stakes in consumer and SME lending, life insurance and general insurance and Motilal Oswal in broking, wealth management, asset management and housing finance under one financial services group. FY26 revenue growth was 6.0% at ICICI Bank, 13.2% at Bajaj Finserv and 11.9% at Motilal Oswal. P\/E stands at 16.27 for ICICI Bank (industry 12.00), 13.26 for Bajaj Finserv (industry 17.72) and 30.89 for Motilal Oswal (industry 34.91). 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>Digital-first bank, insurance-led holding firm and brokerage stocks give investors exposure to bank loans, insurance and investment services for households and firms. Credit growth, premium growth and market activity decide how much of that demand turns into profit.<\/p>\n<p>This list covers three digital-first bank, insurance-led holding firm and brokerage stocks: ICICI Bank for retail, business and corporate banking supported by a strong digital platform, Bajaj Finserv for a financial holding company with stakes in consumer and SME lending, life insurance and general insurance and Motilal Oswal Financial Services for broking, wealth management, asset management and housing finance under one financial services group. 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=digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#What_Are_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\" title=\"What Are Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks?\">What Are Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_at_a_Glance\" title=\"Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks at a Glance\">Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Why_Do_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks Have a Strong Roadmap in India?\">Why Do Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#ICICI_Bank_Retail_Banking_and_Digital_Reach_Drive_the_Pipeline\" title=\"ICICI Bank: Retail Banking and Digital Reach Drive the Pipeline\">ICICI Bank: Retail Banking and Digital Reach 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Bajaj_Finserv_Lending_and_Insurance_Arms_Anchor_the_Roadmap\" title=\"Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap\">Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap<\/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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Motilal_Oswal_Financial_Services_Broking_and_Asset_Management_Anchor_the_Roadmap\" title=\"Motilal Oswal Financial Services: Broking and Asset Management Anchor the Roadmap\">Motilal Oswal Financial Services: Broking and Asset Management 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Best_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_in_India_ICICI_Bank_vs_Bajaj_Finserv_vs_Motilal_Oswal_on_Key_Financials\" title=\"Best Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks in India: ICICI Bank vs Bajaj Finserv vs Motilal Oswal on Key Financials\">Best Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks in India: ICICI Bank vs Bajaj Finserv vs Motilal Oswal 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#How_to_Evaluate_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks to Buy Before You Invest\">How to Evaluate Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Risks_to_Consider_Before_Investing_in_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\" title=\"Risks to Consider Before Investing in Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks\">Risks to Consider Before Investing in Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#FAQs_on_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\" title=\"FAQs on Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks\">FAQs on Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Which_are_the_best_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best digital-first bank, insurance-led holding firm and brokerage stocks in India with a strong roadmap?\">Which are the best digital-first bank, insurance-led holding firm and brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Is_ICICI_Bank_a_good_stock_to_buy_now\" title=\"Is ICICI Bank a good stock to buy now?\">Is ICICI 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#What_is_the_PE_ratio_of_ICICI_Bank_Bajaj_Finserv_and_Motilal_Oswal\" title=\"What is the P\/E ratio of ICICI Bank, Bajaj Finserv and Motilal Oswal?\">What is the P\/E ratio of ICICI Bank, Bajaj Finserv and Motilal Oswal?<\/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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Which_of_these_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_has_the_highest_return_on_equity\" title=\"Which of these digital-first bank, insurance-led holding firm and brokerage stocks has the highest return on equity?\">Which of these digital-first bank, insurance-led holding firm and brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#What_are_the_risks_of_investing_in_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks\" title=\"What are the risks of investing in digital-first bank, insurance-led holding firm and brokerage stocks?\">What are the risks of investing in digital-first bank, insurance-led holding firm and brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#How_did_ICICI_Bank_Bajaj_Finserv_and_Motilal_Oswal_perform_in_Q1_FY27\" title=\"How did ICICI Bank, Bajaj Finserv and Motilal Oswal perform in Q1 FY27?\">How did ICICI Bank, Bajaj Finserv and Motilal Oswal 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#Do_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_pay_dividends\" title=\"Do digital-first bank, insurance-led holding firm and brokerage stocks pay dividends?\">Do digital-first bank, insurance-led holding firm and brokerage 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\/digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-roadmap-anchor-list\/#How_can_I_invest_in_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_in_India\" title=\"How can I invest in digital-first bank, insurance-led holding firm and brokerage stocks in India?\">How can I invest in digital-first bank, insurance-led holding firm and brokerage stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\"><\/span><strong>What Are Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital-first bank, insurance-led holding firm and brokerage 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=\"Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_at_a_Glance\"><\/span><strong>Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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 digital-first bank, insurance-led holding firm and brokerage 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\/icicibank\/icici-bank-ltd-share-price-today\">ICICI Bank<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,397.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">972,030<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.27<\/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;\">15.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bajajfinsv\/bajaj-finserv-ltd-share-price-today\">Bajaj Finserv<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,729.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">273,600<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.26<\/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;\">12.58%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/motilalofs\/motilal-oswal-financial-services-ltd-share-price-today\">Motilal Oswal Financial Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,057.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61,262<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.50%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among banking and finance stocks, ICICI Bank trades at a premium to the industry P\/E, while Bajaj Finserv and Motilal Oswal trade at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital-first bank, insurance-led holding firm and brokerage stocks have a strong roadmap in India because digital banking, insurance penetration and rising investor participation keep adding business for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Digital banking:<\/strong> Customers bank and borrow through apps.<\/li>\n<li><strong>Insurance penetration:<\/strong> Families buy life and general cover.<\/li>\n<li><strong>Investor participation:<\/strong> More households trade and invest.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"ICICI_Bank_Retail_Banking_and_Digital_Reach_Drive_the_Pipeline\"><\/span><strong>ICICI Bank: Retail Banking and Digital Reach Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ICICI Bank&#8217;s roadmap rests on retail, business and corporate banking supported by a strong digital platform, with a diversified loan book and a growing deposit base supporting growth.<\/p>\n<p>Revenue grew from Rs 157,536.32 crore in FY22 to Rs 312,118.36 crore in FY26, a 98.1% rise, and FY26 revenue was 6.0% higher than FY25. FY26 net profit rose 6.0% to Rs 57,673.39 crore. Over four years, net profit rose from Rs 25,783.83 crore in FY22 to Rs 57,673.39 crore. In Q1 FY27, revenue grew 6.9% to Rs 79,689.22 crore, and net profit rose 12.6% to Rs 16,209.74 crore.<\/p>\n<p>Return on equity is 15.00%. ICICI Bank paid a dividend of Rs 12 per share for FY26, a yield of 0.88%. At a P\/E of 16.27 against an industry P\/E of 12.00, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 16.27 sits above the industry P\/E of 12.00, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finserv_Lending_and_Insurance_Arms_Anchor_the_Roadmap\"><\/span><strong>Bajaj Finserv: Lending and Insurance Arms Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Finserv&#8217;s roadmap rests on a financial holding company with stakes in consumer and SME lending, life insurance and general insurance, with its lending and insurance arms supporting earnings.<\/p>\n<p>Revenue grew from Rs 68,438.98 crore in FY22 to Rs 150,530.38 crore in FY26, a 119.9% rise, and FY26 revenue was 13.2% higher than FY25. FY26 net profit rose 12.0% to Rs 19,669.47 crore. Over four years, net profit rose from Rs 8,313.53 crore in FY22 to Rs 19,669.47 crore. In Q1 FY27, revenue grew 19.1% to Rs 42,036.90 crore, and net profit rose 18.2% to Rs 6,296.67 crore.<\/p>\n<p>Debt to equity is 5.52 and return on equity is 12.58%. Bajaj Finserv paid a dividend of Rs 1.5 per share for FY26, a yield of 0.09%. At a P\/E of 13.26 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 13.26 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=\"Motilal_Oswal_Financial_Services_Broking_and_Asset_Management_Anchor_the_Roadmap\"><\/span><strong>Motilal Oswal Financial Services: Broking and Asset Management Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Motilal Oswal&#8217;s roadmap rests on broking, wealth management, asset management and housing finance under one financial services group, with rising equity participation supporting its market-linked businesses.<\/p>\n<p>Revenue grew from Rs 4,316.41 crore in FY22 to Rs 9,416.42 crore in FY26, a 118.2% rise, and FY26 revenue was 11.9% higher than FY25. FY26 net profit was Rs 1,865.43 crore. In Q1 FY27, revenue grew 25.1% to Rs 3,432.23 crore, and net profit rose 10.2% to Rs 1,273.71 crore.<\/p>\n<p>Debt to equity is 1.65 and return on equity is 14.50%. Motilal Oswal paid a dividend of Rs 6 per share for FY26, a yield of 0.59%. At a P\/E of 30.89 against an industry P\/E of 34.91, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 30.89 against an industry P\/E of 34.91 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_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_in_India_ICICI_Bank_vs_Bajaj_Finserv_vs_Motilal_Oswal_on_Key_Financials\"><\/span><strong>Best Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks in India: ICICI Bank vs Bajaj Finserv vs Motilal Oswal on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best digital-first bank, insurance-led holding firm and brokerage stocks in India, ICICI Bank leads on return on equity and dividend yield; Bajaj Finserv leads on FY26 revenue growth and Q1 FY27 net profit growth; Motilal Oswal leads on 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;\">ICICI Bank<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Bajaj Finserv<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Motilal Oswal<\/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;\">312,118.36<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">150,530.38<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,416.42<\/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;\">6.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.9%<\/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;\">57,673.39<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,669.47<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,865.43<\/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;\">6.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.1%<\/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;\">12.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.2%<\/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;\">15.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.50%<\/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;\">16.27<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.89<\/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;\">0.88%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.09%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.59%<\/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_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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 digital-first bank, insurance-led holding firm and brokerage stocks and shortlist digital-first bank, insurance-led holding firm and brokerage 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 digital-first bank, insurance-led holding firm and brokerage stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\"><\/span><strong>Risks to Consider Before Investing in Digital-First Bank, Insurance-Led Holding Firm and Brokerage 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 ICICI Bank, Bajaj Finserv and Motilal Oswal 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 a private bank, a financial holding company and a broking group. ICICI Bank leads on return on equity and dividend yield; Bajaj Finserv leads on FY26 revenue growth and Q1 FY27 net profit growth; Motilal Oswal leads on Q1 FY27 revenue growth.<\/p>\n<p>Across digital-first bank, insurance-led holding firm and brokerage 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 digital-first bank, insurance-led holding firm and brokerage 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_Digital-First_Bank_Insurance-Led_Holding_Firm_and_Brokerage_Stocks\"><\/span><strong>FAQs on Digital-First Bank, Insurance-Led Holding Firm and Brokerage Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best digital-first bank, insurance-led holding firm and brokerage stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ICICI Bank, Bajaj Finserv and Motilal Oswal Financial Services stand out for their roadmaps in a private bank, a financial holding company and a broking group. FY26 revenue growth was 6.0% at ICICI Bank, 13.2% at Bajaj Finserv and 11.9% at Motilal Oswal, and return on equity ranges from 12.58% to 15.00%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_ICICI_Bank_a_good_stock_to_buy_now\"><\/span><strong>Is ICICI Bank a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ICICI Bank has a return on equity of 15.00% and a P\/E of 16.27 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_ICICI_Bank_Bajaj_Finserv_and_Motilal_Oswal\"><\/span><strong>What is the P\/E ratio of ICICI Bank, Bajaj Finserv and Motilal Oswal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 16.27 for ICICI Bank (industry 12.00), 13.26 for Bajaj Finserv (industry 17.72) and 30.89 for Motilal Oswal (industry 34.91). Only ICICI Bank trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these digital-first bank, insurance-led holding firm and brokerage stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ICICI Bank has the highest return on equity at 15.00%, followed by Motilal Oswal Financial Services at 14.50% and Bajaj Finserv at 12.58%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks\"><\/span><strong>What are the risks of investing in digital-first bank, insurance-led holding firm and brokerage 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_ICICI_Bank_Bajaj_Finserv_and_Motilal_Oswal_perform_in_Q1_FY27\"><\/span><strong>How did ICICI Bank, Bajaj Finserv and Motilal Oswal perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ICICI Bank reported revenue of Rs 79,689.22 crore, up 6.9% year on year, and net profit rose 12.6% to Rs 16,209.74 crore. Bajaj Finserv reported revenue of Rs 42,036.90 crore, up 19.1% year on year, and net profit rose 18.2% to Rs 6,296.67 crore. Motilal Oswal Financial Services reported revenue of Rs 3,432.23 crore, up 25.1% year on year, and net profit rose 10.2% to Rs 1,273.71 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_pay_dividends\"><\/span><strong>Do digital-first bank, insurance-led holding firm and brokerage stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 0.88% for ICICI Bank, 0.09% for Bajaj Finserv and 0.59% for Motilal Oswal, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_digital-first_bank_insurance-led_holding_firm_and_brokerage_stocks_in_India\"><\/span><strong>How can I invest in digital-first bank, insurance-led holding firm and brokerage stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy digital-first bank, insurance-led holding firm and brokerage 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 digital-first bank, insurance-led holding firm and brokerage stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ICICI Bank, Bajaj Finserv and Motilal Oswal Financial Services stand out for their roadmaps in a private bank, a financial holding company and a broking group. FY26 revenue growth was 6.0% at ICICI Bank, 13.2% at Bajaj Finserv and 11.9% at Motilal Oswal, and return on equity ranges from 12.58% to 15.00%.\"}},{\"@type\":\"Question\",\"name\":\"Is ICICI Bank a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ICICI Bank has a return on equity of 15.00% and a P\/E of 16.27 against an industry P\/E of 12.00. 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The dividend yield is 0.88% for ICICI Bank, 0.09% for Bajaj Finserv and 0.59% for Motilal Oswal, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in digital-first bank, insurance-led holding firm and brokerage stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy digital-first bank, insurance-led holding firm and brokerage stocks through a demat and trading account on NSE or BSE after checking each company'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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Bank, Bajaj Finserv and Motilal Oswal Financial Services compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":38,"featured_media":316803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7472,12387,1252,13383,13384,10583],"class_list":["post-316804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-bajaj-finserv","tag-digital-first-bank","tag-icici-bank","tag-insurance-led-holding-firm-and-brokerage-stocks","tag-insurance-led-holding-firm-and-brokerage-stocks-to-buy","tag-motilal-oswal-financial-services"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["316803"],"rank_math_title":["private bank, financial holding and broking group stocks"],"rank_math_description":["Digital-first bank, insurance-led holding firm and brokerage stocks with a strong roadmap compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["digital-first bank, insurance-led holding firm and brokerage stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-digital-first-bank-insurance-led-holding-firm-and-brokerage-stocks-with-a.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=316804"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316804\/revisions"}],"predecessor-version":[{"id":316805,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316804\/revisions\/316805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/316803"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=316804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=316804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=316804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}