The Economic Times

Goldman Sachs starts coverage on 14 banks with up to 37% upside potential; ICICI Bank, Kotak among top picks

Goldman Sachs has initiated coverage on 14 Indian banks with a mix of Buy, Neutral and Sell ratings, focusing on earnings growth, franchise strength, valuations and the normalisation of return on assets (ROA) as key stock drivers. The brokerage sees private banks at an inflection point.