Brokerage Radar: Macquarie on BFSI





Kotak Mahindra Bank: Upgrade to Outperform from Neutral; Hike TP to Rs 2,025 from Rs 1,860

City Union Bank: Upgrade to Outperform from Neutral; Hike TP to Rs 180 from Rs 160

Bandhan Bank: Upgrade to Outperform from Neutral; Hike TP to Rs 240 from Rs 225

SBI: Downgrade to Underperform from neutral; Hike TP to Rs 665 from Rs 615

Bajaj Finance: Downgrade to Underperform from neutral; Cut TP to Rs 6600 from Rs 8100

Chola Finance: Downgrade to Underperform from neutral; Cut TP to Rs 1125 from Rs 1140

M&M Finance: Downgrade to Underperform from neutral; Cut TP to Rs 250 from Rs 275

SBI Life: Upgrade to Outperform from Neutral; Hike TP to Rs 1750 from Rs 1600

Private sector banks are steady power of compounding story

Expect private sector banks to report healthy ROAs and ROEs over the next three years


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