Upside surprise left as we go into 2023; IT has decoupled in some way from US slowdown: Ridham Desai

“Raising liabilities will be the key distinguishing factor across the banking sector when you are picking stocks. Banks that nail liabilities will outperform. Raising liabilities is more than a branch network. It is about having technology and customer services. The private sector banks can deliver a much better liability franchise and win this game in the next five-seven years. ”