Cautious start on Dalal Street. Image used for representation.
The banking sector will be a long-term theme as it shows potential for higher earnings and valuations for larger lenders, along with loan growth and return on equity, according to Aditya Birla Sun Life AMC.To deal with the Covid-19 impact, banks preemptively increased provisions. The recovery in corporate asset quality helped banks during the pandemic, and currently bank non-performing assets are lower than March 2020 levels.Banks wi...