Banking stocks have put up a strong performance in the first quarter of 2022-23, supported by a revival in credit growth, increase in net interest income, (NII), improvement in asset quality and lower credit costs. Reports from ICICI Securities, Motilal Oswal, Sharekhan and rating agency ICRA show a stable sector outlook for 2022-23. There are 457 companies out of 500 on the BSE500 index that have declared their first quarter results so far.