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    5 private sector banks with “strong buy” and “buy” rating & upside potential of up to 28%

    Synopsis

    The exposure to the Adani group once again brought limelight back on the banking sector. There were some tremors felt in the PSU banking space, however the private sector banks did not see any major impact. This does not mean that private sector banks like ICICI, HDFC and Axis have not seen their share of troubles. For the last four years, the street readjusting the valuations as large private sector banks went through a phase change at the leadership level.

    After years of outperformance and wealth creation, the private sector banks have been undergoing a consolidation for more than three years. Almost every large private sector bank, except one has seen a change at the helm. As the new leadership of these banks made changes in their business strategy and models to meet the challenges which some fintech companies and niche players started to throw at them, the street went into a phase of wait and
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    The Economic Times