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

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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.

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