Macquarie Shifts Strategy: Private Banks Overtake PSU Lenders in Valuation Play
Suresh Ganapathy, Managing Director and Head of Financial Services Research at Macquarie Capital, signaled a tactical shift in the Indian banking landscape this week by recommending a pivot from public sector units (PSUs) toward large-cap private banks. This strategic realignment comes as analysts observe a narrowing valuation gap and cooling momentum in the PSU banking…
