Kotak Securities Ltd | quote on Banking Sector – Hemali Dhame – 3rd Feb 2023

Hemali Dhame, Associate Vice-President of Research, Kotak Securities Ltd

“Capex will surely lead to credit demand. Coupled with the current health of the bank’s balance sheet, it is highly positive.

Insurance will see a structural readjustment. There is likely to be some realignment of insurance products to revised tax plans of customers.
There is likely to be a shift in attractiveness to banks in BFSI. The Government and the RBI are looking for affordable customer experience in banking and hence scale shall be important.”