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Which bank stocks to bet on amid the scare of second wave of COVID?

Large private banks have 0.7-2.0 per cent of loans as additional contingent provisions

April 14, 2021 / 04:17 PM IST
Which bank stocks to bet on amid the scare of second wave of COVID?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The pandemic-induced economic crisis has been a litmus test for banks. The impact of the disruption has been unprecedented on the economy and the banking system. The $2.8-trillion Indian economy slipped into its first recorded recession amid the COVID-19 pandemic and is projected to contract by 8 per cent in FY21. Despite facing the worst ever economic crisis, various forbearance measures had helped banks to report stronger earnings in the December quarter. The improvement in banks’ reported performance was on...

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