Prefer ICICI Bank, SBI; positive on Satin Credit Care: IIFL

Sanjiv Bhasin of IIFL is of the view that one may prefer ICICI Bank, SBI and IndusInd Bank from the banking space and has a positive view on Satin Credit Care.
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Oct 18, 2016, 05.10 PM | Source: CNBC-TV18

Prefer ICICI Bank, SBI; positive on Satin Credit Care: IIFL

Sanjiv Bhasin of IIFL is of the view that one may prefer ICICI Bank, SBI and IndusInd Bank from the banking space and has a positive view on Satin Credit Care.

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Prefer ICICI Bank, SBI; positive on Satin Credit Care: IIFL

Sanjiv Bhasin of IIFL is of the view that one may prefer ICICI Bank, SBI and IndusInd Bank from the banking space and has a positive view on Satin Credit Care.

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Sanjiv Bhasin (more)

, IIFL |

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.
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Prefer ICICI Bank, SBI; positive on Satin Credit Care: IIFL

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