Here are Morgan Stanley’s top four picks of banking industry
Updated : February 19, 2019 02:35 PM IST
Global research house Morgan Stanley views 2019 as the year of big banks given moderating credit costs with pre-provision operating profit (PPoP) acceleration and pickup in deposit market share.
The research house highlighted a continuing improvement in asset quality, with bad loans ratio moving lower to around 10 percent of loans against around 12 percent in FY18 and coverage improving to more than 50 percent versus around 45 percent.
An increased focus on retail term deposits is driving deposit growth acceleration with large private banks' incremental deposit market share at over 30 percent in FY18-19.
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