Sharmila Joshi, Head of Equity of Peerless Securities recommends buying Punjab National Bank (PNB) with a long term view.
Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, "At this point in time even private banks are under considerable pressure. Yes Bank has corrected 30 percent in a very short period of time. So, in that sense I would prefer a private bank. May be one should just wait to see how this whole banks sell-off is panning out and then enter banks like ICICI Bank or HDFC Bank . Even Punjab National Bank (PNB) at current levels is not bad if one have one year kind of a view."
"However I would prefer a private bank inspite of the pressure that we are seeing on private banks at this point in time. I would wait a bit and then may be buy into ICICI Bank or HDFC Bank," she said.
READ MORE ON Sharmila Joshi, Peerless Securities, Yes Bank, ICICI Bank, HDFC Bank, Punjab National Bank
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