Goldman Sachs revises banking sector outlook, expects 10-12% credit growth, better profitability: Rahul Jain

Goldman Sachs has shifted its outlook on the Indian banking sector from cautious to optimistic, anticipating improved profitability driven by peaking credit costs and well-absorbed margin impacts from RBI rate cuts. While Q4 earnings have been promising, the sector's credit growth, expected to be around 10-12%, remains a key factor to monitor, contingent on GDP growth.