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Goldman Sachs turns constructive on Indian financials; upgrades Axis Bank, PNB Housing to ‘buy’, SBI to ‘neutral’

Global investment firm Goldman Sachs has adopted a more optimistic view on Indian financials, suggesting that the worst may be behind for the sector. In a recent report, the brokerage highlighted early signs of improvement in asset quality and operating profitability, prompting it to upgrade select banking and financial names based on earnings visibility and…

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