Here’s why HSBC prefers private banks over its PSU peers — Check top picks
An earnings upgrade cycle is likely for private banks, as per brokerage firm HSBC Global Investment Research, which said it prefers them to public sector undertaking (PSU) lenders. In a note dated Wednesday, July 8, the brokerage said the first quarter loan growth was strong for private banks, but their net interest margin (NIM) likely…
