Macquarie upgrades banks, sees 18% EPS growth in FY28
In short
Macquarie upgraded Bank of Baroda, Kotak Mahindra Bank and some other financial stocks. It says Indian banks could post 18% EPS growth in FY28, helped by better margins, stronger loan demand, easier liquidity and stable asset quality.
This matters because it points to a stronger earnings picture for banks. The report does not say how much the stocks moved or when the upgrade was made.
What the reporting says
Macquarie upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks while saying Indian banks could deliver 18% EPS growth in FY28. The brokerage cited higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The immediate market effect is a more positive outlook for the named banks, though the timing and scale of any stock move are not stated.
Why it matters
Macquarie upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks, and the publisher summary says it expects Indian banks to deliver 18% EPS growth in FY28. The cited drivers are higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The report is supportive for the named banks and the wider sector, but it does not give the exact rating changes or market reaction.