๐ฆ Global brokers bullish on Indian banking stocks
Foreign brokerages like Bernstein and Goldman Sachs are selectively bullish on the Indian banking sector outlook. They believe Indian banks will see a broad earnings recovery, supported by healthy loan growth and stable Net Interest Margins. Bernstein projects loan growth around 13-15% in FY27, while Goldman Sachs expects PPoP growth in the high teens through FY29. Both firms cite improving retail lending and MSME momentum as key drivers for this recovery. Goldman Sachs has specifically favored ICICI Bank and Kotak Mahindra Bank as preferred picks. ๐