HDFC Bank Vs Axis Bank: CLSA sees up to 60% upside potential in one

CLSA sees up to 60.3% upside potential in one of HDFC Bank and Axis Bank.

CLSA believes the market has overreacted to NIM pressure on both banks.

CLSA cites stronger corporate loan growth and improving asset quality as factors.

CLSA says attractive valuations leave room for upside in one lender.