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.