Prefer HDFC Bank, ICICI Bank: Dhiraj Agarwal

Dhiraj Agarwal, Director, Institutional Equities at Standard Chartered Securities told CNBC-TV18, “In the PSU banks we will be very selective, so banks which are managing the NPL issues relatively better and they are not very expensive are the ones which we prefer for example

“We continue to like private banks, they could be once in a while little underperformers as beta rally plays out, there is a bit of a risk on but on a more structural long-term basis we prefer HDFC Bank and ICICI Bank and very select PSU Banks. So PSU bank is a basket trade we are still not very comfortable of but there are few select opportunities there,” he said.

HDFCBANK 718.00 -7.95 (-1.10%)
ICICIBANK 1,264.05 41.50 (3.39%)