Silky Jain of Nirmal Bang has conducted a comprehensive review of the Q2FY15 results of PSU and private banking companies and identified the best stocks to buy now
The overall performance of the banking sector as a whole in Q2FY15 was broadly in line with expectations. While most of the private banks reported satisfactory performance, PSU banks except SBI and BOB reported weaker results. Aggregate PAT growth of mere +10% was disappointing for Public Sector Banks; while Private Banks continued to outshine with steady earnings growth of +17%. Private Banks continued to report modest loan growth and stable NIMs.
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