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

Goldman Sachs has become optimistic about the Indian financial sector, upgrading Axis Bank and PNB Housing Finance to 'Buy' and raising SBI to 'Neutral.' The firm notes early signs of asset quality stabilization and expects credit growth to improve, despite potential near-term challenges.

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