Sanjiv Bhasin of IIFL told CNBC-TV18, "Three of the banks, the biggest corporate lender which has turned positive, ICICI Bank, we think this can go all the way to Rs 330. With 1.5 times price to book and you have a huge amount of debt being written back; that should be a big positive. State Bank of India (SBI), which will benefit the maximum from bond yields and treasury profit, and thirdly IndusInd Bank where net interest margins (NIMs) have come at 4 percent. So, those three stocks are on the banking side."
"Satin Creditcare in another microfinance company which we are very positive, NIMs of more than 9 percent for last six quarters and GRUH Finance, which is again one of the housing finance which has been very positive. PNB Housing Finance should be a very good IPO because this PSU bank had this subsidiary at the earliest. It should be a very good lucrative opportunity for investors to actually subscribe to this IPO," he said.