Short SBI, says Gaurav Kedia

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Short SBI, says Gaurav Kedia

Short State Bank of India (SBI), says Gaurav Kedia of Antique Stock Broking.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gaurav Kedia See what other Experts & Brokerages are saying about SBI See messages about SBI SBI BSE | NSE 10/02/12 Are Mutual Funds betting on SBI?

Short State Bank of India (SBI), says Gaurav Kedia of Antique Stock Broking.

Kedia told CNBC-TV18, "The banking sector is mostly been horizontal. A couple of stocks that I like on the banking sector would probably be ICICI Bank . We are seeing non-performing loans (NPL) provisioning of the bank stabilised in the last six-eight months, their margins, operating efficiency has been encouraging. On the private sector front you could see ICICI Bank outperforming the sector."

He further added, "I see a bit negative on State Bank of India; there are concerns on asset quality of the bank, the new provisioning laws of the capital adequacy ratio at 70% could impact profitability in the long-term. So, on the banking side you could probably look at long ICICI Bank and short SBI."