Morgan Stanley sees the best risk-reward at BoB among state owned banks. As a base case, the brokerage has upped the target on this stock to Rs 170 from Rs 155 earlier.
"Unlike in past cycles, we believe retail deposit competitive intensity will be high, and the ability to gain deposit market share will be key. Large banks with higher liquidity and ability to gain deposit market share are best placed to capitalise, we think - ICICI, Axis, BOB and SBI are our preferred picks," it said.