Indian financials set for a rebound as liquidity eases and NPL risks fade, says Goldman Sachs
Rahul Jain, Head of Asia Financials and India Equity Research at Goldman Sachs discusses the bank's upgraded 'optimistic' outlook for India's banking sector. He says Indian financials are set for a rebound as NPL concerns ease and profitability stabilizes. He adds that the Reserve Bank of India's recent supportive measures like improved liquidity are creating a more favorable environment. While household debt remains a wild card, he expects credit growth to stay healthy, supported by solid GDP growth.
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