PSU Banks Outlook: Why SBI, Canara Bank & Indian Bank Remain Top Picks; HDFC Bank Faces Pressure
Investors are turning bullish on large state-owned lenders as fundamentals improve. Gaurav Sharma of Globe Capital keeps SBI, Canara Bank and Indian Bank as preferred picks for a one-to-one-and-a-half-year horizon, pointing to strong CASA and new business growth. He is cautious on HDFC Bank amid the mis-selling controversy, advising against averaging or fresh buying, and expects further downside toward ₹675–680.