Market analyst Sandip Sabharwal sees potential in IDFC First Bank after a 35% drop, citing strong asset quality. He’s also keeping an eye on SBI’s results, particularly its asset quality and CASA ratio, given its aggressive unsecured lending. While cautious about PSU banks, Sabharwal acknowledges their recent performance and suggests SBI’s results could influence the sector.
Private sector banks poised to power India’s growth: Manishi Raychaudhuri
From 90% premium, it has now come down to somewhere around 55% to 60%. But at the same time, Indian earnings estimates are also coming
November 8, 2024