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Goldman Sachs upgrades Indian banks to ‘neutral’

 Goldman Sachs, an American multinational bulge bracket investment banking firm, has upgraded Indian banks to “neutral” from “cautious” citing favorable risk/reward in public sector bank stock prices, as the gap between state-owned and private banks widens to a 10-year high. The American investment banking firm has upgraded Punjab National Bank (PNB) to “buy” from “neutral”, […] Continue reading →