Goldman Sachs downgrades ratings on shares of SBI, ICICI, YES Bank

Global brokerage firm Goldman Sachs downgraded ratings on the shares of State Bank of India (SBI) and ICICI Bank from ‘buy’ to ‘neutral’, citing potential downsides of 4 per cent and an upside of 3 per cent, respectively.
YES Bank has been downgraded from ‘neutral’ to ‘sell’, with a projected downside of 37 per cent, while Bajaj Finance has been upgraded from ‘sell’ to ‘neutral’, with a modest upside of 2 per cent. Additionally, the firm reaffirmed its ‘buy’ recommendation on HDFC Bank, projecting an upside of 33 per cent.