Moneycontrol
Jul 03, 2015 04:39 PM IST | Source: CNBC-TV18

Look at Kotak Mahindra Bank: Hemindra Hazari

Hemindra Hazari, Independent Market Expert is of the view that one may look at Kotak Mahindra Bank.


Hemindra Hazari, Independent Market Expert told CNBC-TV18, "Kotak Mahindra Bank is one of those bank which is not terribly exposed to Corporate India or to the infrastructure space. For me that is a big positive. That space is really drowning the Indian banking sector. So, any bank which doesn’t have an exposure much to corporate India or to infrastructure India and is mainly geared towards retail or towards the high network client here will be better off. Because inevitably this prolong economic slowdown which I am expecting will also impact the retail sector but that is some months away. So this is one of the better off banks in that category."

"However, I was disappointed in Kotak Bank in the way that SEBI had brought out its report on DLF. It showed its involvement there and there was no clarification from the Kotak management at all. So, in that sense I was disappointed with the management of Kotak Bank," he said.

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