Nirmal Bang has issued a research report identifying the best private and PSU banks that are worthy of a buy now
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Post this Correction Valuation looks attractive:
Having gone through a recent correction since last month, where the Bank Nifty was down 17% as against a 12% decline in Nifty. Currently, most of the Banks are trading at the historical lower P/E multiple, post correction the valuations of stocks in the Private Banking space looks attractive, with limited downside from the current levels.
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