Private Banks Outpace PSU Lenders as Growth Projections Shift
Rikin Shah, Senior Vice President at IIFL Capital, reported this week that large private sector banks in India are positioned to outperform public sector undertakings (PSUs) over the next two years. Analysts expect these private institutions to deliver a 15% earnings compound annual growth rate (CAGR), significantly outpacing the low double-digit growth projections anticipated for…