Stock price when the opinion was issued
The 5th largest private-sector bank in India. If you want to invest in banks, you have to stay with private-sector banks with no legacy home issues. They are transforming from a corporate base to a retail lending business. With this transformation there will be more stable earnings, more visible earnings and lower cost of capital. (Analysts’ price target is 1,729 INR.)
(A Top Pick May 31/17. Up 22.47%.) One of the smaller banks in India. India really has 2 banking systems. There is the older, large public-sector banks that are dealing with some legacy loan issues from the 90s. There is also a number of banks in the late 90s that have brand-new licenses. This is one of those. They have very few legacy loans and are focused on the consumer.