Since the financial crisis became acute in the West last year, the flight-to-safety syndrome has caught the banks worrldover. The Indian banking sector has been no exception.
With the banks in a deep freeze mode holding capital and going slow on lending to corporates as well as individuals, this has cast a shadow on shareholder's profits in the short-term. With the Reserve Bank of India easing policy rates signaling a change in its monetary stance, the sector is expected to emerge out of the credit contraction mode. SundayET takes a peek into the recommendations of top brokerage houses.
Here are the top ten Banking stocks as on September 4, 2009 on BSE:
IndusInd Bank
Three month returns: 36.99%
ING Vysya Bank
Three month returns: 32.41%
Central Bank Of India
Three month returns: 30.58%
Yes Bank
Three month returns: 24.68%
South Indian Bank
Three month returns: 24.63%
Corporation Bank
Three month returns: 24.45%
| Dhanalakshmi Bank 
Three month returns: 24.24%
Axis Bank
Three month returns: 22.97%
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