Q3 credit growth signals economic pickup, still prefer larger banks like Axis, Kotak, ICICI, SBI: Sandip Sabharwal

Speaking to ET Now, Sabharwal said double-digit loan growth across most large banks reflects rising economic activity after a prolonged phase of single-digit system growth.“Credit growth drives the economy. What we are seeing now—double-digit growth for most large banks—is clearly indicative of an economic pickup,” he said.Axis, Kotak stand out; valuations still reasonableAmong banks that have already reported Q3 updates, Sabharwal said “Axis looks attractive even from a valuation standpoint,” Sabharwal no ...