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A glance at bank shares

With digitisation and opex improvement many investors see banking stocks to give good returns. Today the Bank Nifty jumped by 460.20 points or 1.43 per cent to 32,735.35. Shares of ICICI Bank, AU Small Finance Bank, Kotak Mahindra Bank , State Bank of India ,and HDFC Bank were among the top gainers.
HDFC Bank, Axis Bank, ICICI Bank and Kotak Mahindra are expected to achieve better earnings in the coming quarters as compared with PSUs. Many experts believe RBI and the central government may introduce measures to tackle asset quality issues this year like they had done last year. Hence private banks would be best picks with respect to earnings growth.

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