South Indian Bank a good long term bet, says Rajen Shah of Angel Broking.
Shah told CNBC-TV18, " IndusInd Bank and ING Vysya Bank numbers have been good but if you see the valuations- IndusInd looks to be fairly prices and so looks ING Vysya but yesterday South Indian Bank delivered very good set of numbers - 24% growth in net profit. It is quoting at about 7.5-8 times the earnings and they are looking at very aggressive growth for the next 2-3 years."
He further added, "I would rather bet on South Indian Bank for the next one year rather than IndusInd or ING Vysya for that matter."
