Motilal Oswal picks 9 bank stocks with up to 36% upside potential ahead of Q1 results. Do you own any?

Motilal Oswal has recommended 9 private bank stocks ahead of Q1 results, expecting bank credit growth to remain in mid-to-high teens. Top picks include HDFC Bank with a target of Rs 1,110 offering 36 percent upside, followed by DCB Bank at Rs 235 with 25 percent upside, while ICICI Bank and Kotak Mahindra Bank both carry targets implying 24 percent upside. The brokerage is bullish on large private banks citing their ability to mobilise a larger share of FCNR(B) deposits and raise low-cost foreign borrowings in a favourable macro environment.