Manish Kumar positive on private banking space

Manish Kumar, EVP and CIO, ICICI Prudential Life Insurance told CNBC-TV18, "There are certain sectors and certain stocks that we have been positive on structurally, for example the private sector banking space. This is one space where we have been positive and notwithstanding the challenges in the last few months this is one space which has done quite well for us in the last few years. Within that the banks that have a superior liability franchise, have higher exposure to the retail sector and have a healthy corporate exposure."