Sandip Sabharwal discusses Kotak’s valuation normalization after RBI restrictions, suggesting it’s now reasonably priced. He favors ICICI Bank for its asset-liability management, Axis Bank for its conservative approach, and sees SBI as undervalued. Sabharwal also believes Reliance is entering an outperformance cycle, while auto and infra stocks are underestimated.
WACR tops repo rate for first time in nearly 2 months
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank