Retail banks have lorded over the entire banking sector for over a decade. However, now these are expected to pass on the baton with the cycle turning in favour of corporate banks. Here is why investors should gear up for rotation within the banking space.
The past decade has proved to be very turbulent for banks. With a broader economic slowdown, credit growth decelerated from 22% in 2000-10 to a measly 12% in 2010-20. Further, the asset
