Udasi told CNBC TV, "From medium to longer term there are many banks that we continue to like despite the interest rate hardening. Many PSU banks if you see their 5 year cycles they continue to grow at 20% at least and we see no reason that will change over the next 2-3 years. So banks like BOB or United Bank of India they are trading at well below their average price to book value multiples and those will be good bets in our view in the medium term. The entire banking space, I cannot say but specially PSU banks that have been hit out of shape."
