India's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities' Pankaj Pandey. NBFCs also stand to gain from a softer interest rate environment. While IT acquisitions may take time for significant returns, power financiers and transmission infrastructure present strong long-term investment opportunities. HDFC Bank's governance overhang is lifting, boosting its outlook.
ICICI Securities' Pankaj Pandey predicts that India's banking sector, power financiers, and transmission infrastructure will drive the next market rally. This is attributed to strong credit growth, easing deposit pressures, and stable asset quality in banks. NBFCs are also set…
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