Varun Goel, Head- PMS, Karvy Private Wealth is positive on private sector banks.
Goel told CNBC-TV18, "Most of the private sector banking names has come up with very good set of numbers, if you look at the earnings growth; most of the banks have been able to deliver 15-20% plus kind of earnings growth. The asset quality has not really deteriorated to the extent to which people were fearing, I think from this point onwards, we would continue to be positive on the private sector banking names as and when RBI starts the repo rate cuts, the banking sector should continue to deliver further returns from these levels. So, overall, the outlook for the private sector names continues to be positive."
