Prefer HDFC Bank: Srivastava

Prefer HDFC Bank, says Ajay Srivastava, CEO of Dimensions Consulting.

Srivastava told CNBC-TV18, "I would still start to accumulate things like HDFC Bank. If I were looking at we would try to get out of nationalise bank totally because I think this environment is telling another story that NPAs will mount in the segment where nationalize banks are in, small companies, trading companies, medium range companies etc, so I think this is a time to look at HDFC kind of a bank, which has got cleaner portfolio rather than sticking on to nationalize bank. Lot of people are still sitting in the stock, they went ahead, had a good run last year but nationalize banks are going to be the first hit in terms of the interest rates problem and the economy. So I would tend to buy banks but not the nationalize banks at all."