business

Avoid banks, NPA troubles likely in 2017: Shankar Sharma

Banks are over-owned sector and is set to underperform this year, Shankar Sharma, Vice-chairman and Joint Managing Director of First Global Securities said, advising investors to steer clear of the sector. He added that many accounts will likely become non-performing assets in 2017 which will put pressure on banks.

first published: Jan 2, 2017 03:21 pm