IndusInd, Federal, Bandhan may be key gainers of government move

Mumbai: Brokerages expect large private banks to be the main beneficiaries of the government’s decision to open its business to all private banks. While large lenders such as IndusInd Bank are expected to benefit the most, some analysts believe that regional banks such as Federal Bank and Bandhan Bank will also have an advantage. This move by the government has put private banks in the spotlight. Nifty Private Bank Index gained nearly 4% on