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Title: Welcome to Santa rally: go for these 3 bank stocks-Shiv Kumar Sehgal

Chief Analyst of LRO Investment Advisor LimitedUnited Kingdom, 18th Dec 2023 - The festive season is here, and so is the Santa rally for the equity markets. Every day seems to bring a new reason to celebrate, as the indices soar to new heights and the sectors show signs of recovery. One of the sectors that has been shining bright is banking, especially the largecap and midcap banks. In this essay, I will explain why I am bullish on three bank stocks: ICICI, Kotak and AU Bank. ICICI and Kotak: The largecap leadersAmong the largecap banks, ICICI and Kotak are looking very good, as they have strong fundamentals, robust growth prospects and attractive valuations. Both banks have been able to maintain their asset quality, despite the challenges posed by the pandemic. They have also been able to leverage their digital capabilities, expand their customer base and diversify their revenue streams. ICICI and Kotak have also been rewarding their shareholders with consistent dividends and buybacks. I believe that these banks have a lot of potential to grow further and deliver superior returns in the long term.  AU Bank: The midcap starMoving on to the midcap segment, AU Bank is making a fresh move, as it has emerged as one of the fastest growing small finance banks in the country. AU Bank has a unique business model, as it caters to the underserved segments of the society, such as micro, small and medium enterprises (MSMEs), rural and semi-urban customers, and low-income households. AU Bank has been able to reduce its cost of funds, as it has access to low-cost deposits and diversified sources of funding. Moreover, with the moderation of bond yields, I expect that AU Bank’s MSME book will expand very fast, as it will be able to offer competitive lending rates and pro...

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