Jan 14 2024, 10:03
6 midcap banks with upside potential of up to 31%:
Before 2015 and then again in 2018, RBI did a strong rejig in various banking policies, right from capital adequacy to the operational matrix were tightened. The first set of banks which street took note of were larger private sector banks than PSU banks. There is another set of banks, which dont have the distribution reach which large private banks have, but when it comes to ownership they are not the same as the PSU banks. They have very different hybrid kinds of ownership, a sort of quasi private sector banks.
There is another set of banks, which dont have the distribution reach which large private banks have, but when it comes to ownership they are not the same as the PSU banks. They have very different hybrid kinds of ownership, a sort of quasi private sector banks.
On the loan book side of the business, regional banks are more exposed to a certain kind of business and economic cycle which has its own limitations. When that region or a sector is hit, the NPA cycle turns bad for them. So they probably had the worst of both worlds. But over a period of time, things have turned better for them, a forced operational efficiency has come as regulatory changes have made sure that they get themselves in better shape. Some of them have even expanded, although
slowly.
Mid Cap Bank Sector - Upside
potential
Jan 12, 2024
Company Name
City Union Bank
Latest Avg Score
8
Reco
Analyst Count
Upside Potential%
Inst Stake%
Market Cap Rs Cr
Company Name
Buy
22
31.2
57.4
10,950
South Indian Bank
Latest Avg Score
9
Reco
Buy
Analyst Count
5
Upside Potential %
20.8
Inst Stake %
12.6
5,554
Market Cap Rs Cr
Company Name
Latest Avg Score
Reco
DCB Bank
8
Buy
Analyst Count
20
Upside Potential%
15.0
Inst Stake%
44.8
Market Cap Rs Cr
4,877
Company Name
Karnataka Bank
Latest Avg Score
9
Reco
Strong Buy
Analyst Count
3
12.4
Upside Potential %
Inst Stake%
Market Cap Rs Cr
24.9
8,794
Company Name
RBL Bank
Latest Avg Score
6
Reco
Buy
Analyst Count
18
Upside Potential %
12.2
Inst Stake%
36.3
Market Cap Rs Cr
17,807
Company Name
Karur Vysya Bank
Latest Avg Score
10
Reco
Strong Buy
Analyst Count
12
Upside Potential%
11.2
Inst Stake%
35.9
Market Cap Rs Cr
13,512
* Calculated from highest price target given by analysts
source: et
Jan 14 2024, 12:40