ET has reported that Nomura has stated that after the recent correction, valuations of most private and public sector banks look reasonable again. Nomura claims that near term stress looks priced in, and a meaningful revival in earnings is likely in 2HFY16F.
Nomura has given several reasons why the banking and NBFC sector will do well in the near future. They have identified the following ten stocks as the best investment:
(Image Credit: ET)