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VERIFIEDET Markets·positive
Goldman Sachs picks ICICI Bank, Kotak Mahindra Bank as top banking bets
AI Summary
- ·Goldman Sachs has initiated coverage on fourteen Indian banks, identifying ICICI Bank and Kotak Mahindra Bank as top picks with Buy ratings.
- ·The firm expects a cyclical recovery in earnings for the banking sector.
- ·Goldman Sachs predicts private banks will outperform public sector banks in the next two years due to loan growth and improved liquidity.