Macquarie Upgrades Indian Banks and Paytm, Projects Strong FY28 Earnings Growth
Global brokerage Macquarie forecasts strong earnings growth for Indian banks and financial stocks in FY28, projecting an 18% EPS increase driven by margin expansion, robust loan demand, and easing liquidity pressures. It upgraded several banks, including Kotak Mahindra Bank and Bank of Baroda, citing supportive macroeconomic factors and stable asset quality. Macquarie also raised Paytm's target price by 64%, highlighting improved revenue prospects from merchant discount rate changes and cost controls. However, it noted potential margin pressures for NBFCs due to rising borrowing costs.
First-hand measurement across 3 sources
We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (72/100). Lens Score 47/100.
Outlets measured: economictimes, thetribune, thefinancialexpress. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (68–75/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
thefinancialexpress broke this story on 30 Sept, 07:38 am. Other outlets followed.