Goldman Sachs picks ICICI Bank, Kotak Mahindra Bank as top banking bets

Goldman Sachs has begun its assessment of fourteen Indian banks, pinpointing its top selections. ICICI Bank and Kotak Mahindra Bank stand out with Buy ratings that indicate substantial upside potential. The firm anticipates a cyclical recovery in earnings across the banking sector. It forecasts that private banks will surpass their state-owned counterparts in performance over the next two years, buoyed by loan growth and enhanced liquidity.