Best Banking Stocks To Buy Now: ICICI-Direct

We have raised our target multiples for a few banks with the probability of a beta play on a reviving economy narrowing the gap from peak multiple. We remain bullish on a couple of large PSU banks SBI and BoB whereas PNB remains a beta play. Among private banks, we prefer IndusInd Bank, Yes Bank as beneficiaries of declining system rates in the near term. Among large cap private banks, Axis Bank remains a long term consistent return stock (five year average return of 17% per annum).

Download Report On Best Banking Stocks