Bengaluru, July 3 -- Macquarie, a leading global brokerage known for its sharp sector insights, has turned optimistic on India's financial sector. In this article, we will dive deep into what things are about the sectors and particular stocks.

Macquarie has changed its stance on India's financial sector, finding it stable, strong, and resilient, with expectations for mid-teen EPS growth over the next three years. Although margins are under some pressure, the brokerage believes banks can achieve up to 15 percent earnings growth. This growth will originate from improved credit growth and reduced credit costs.

Private sector banks remain Macquarie's top choice due to their healthy balance sheets and increasing return on equity (ROE), excep...