Banks at ‘interesting juncture’; Kotak sees room for re-rating led by funding and yield shifts; HDFC, ICICI Bank top picks – Markets
In terms of stock preferences, Kotak continues to favour frontline private sector banks, citing stronger franchises and better execution capabilities. Among these, HDFC Bank and ICICI Bank remain its top picks, with the brokerage suggesting that Axis Bank will need to show stronger performance to justify any valuation premium over peers. Within the public sector…
