Private banks are currently considered to be one of the most attractively priced sectors, with expectations for improved performance in the near future.
The appeal of private banks is driven by their current market multiples in relation to historical averages and growth rates. Sustained domestic institutional flows are providing a solid foundation for the sector, while improved valuations are creating opportunities for foreign investors.
The market is expected to consolidate rather than experience significant corrections from current levels, indicating a positive outlook for private banking in the coming months.