Moneycontrol
Feb 14, 2018 12:40 PM IST | Source: CNBC-TV18

NCLT process in early stages; Prefer SBI & BoB amongst PSUs: Kotak Institutional Eq

In an interview with CNBC-TV18, MB Mahesh of Kotak Institutional Equities shared his view and reading on the impact of Reserve Bank of India’s (RBI) new rules on non-performing assets (NPAs).

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, MB Mahesh of Kotak Institutional Equities shared his view and reading on the impact of Reserve Bank of India’s (RBI) new rules on non-performing assets (NPAs).

It is difficult to quantify the exact amount, he said.

According to him, the quantum of unrecognised loans is getting smaller and smaller and it is not more than 3-4 percent of the total in the banking sector.

National Company Law Tribunal (NCLT) process is still in its early stages. We also need to see what are the challenges or bottlenecks of this process. We still need to see how the experience is on the NCLT process, he added.

We do have a few public sector undertaking (PSU) banks under the buy regime. we have recently upgraded Bank of Baroda (BoB), State Bank of India (SBI) has always been one of our preferred ideas, said Mahesh.

For full interview, watch accompanying video...
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