ICICI Bank, Bandhan Bank among Jefferies' top bank stock picks as RBI embarks on rate hike cycle1 min read . Updated: 20 May 2022, 12:40 PM IST
- ICICI Bank & Bandhan Bank are top buys, IndusInd Bank (IIB) looks attractive, said Jefferies
Indian banks can defend earnings during inflation-targeting as credit growth is running ahead & pick-up in corporate loans can make-up for softness in retail — evident from long-term trends, deposit cost inflation may play with a lag and banks carry provision buffers, as per Jefferies.
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