Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "We continue to stay invested in ING Vysya Bank because the bank’s business is doing extremely well. The main problem which is essentially the ballooning of non-performing assets and restructured assets is not a big issue so far as ING Vysya is concerned. Their asset quality is pristine, credit growth continues to remain quite strong, net interest margins (NIMs) continue to remain healthy and the valuations also are attractive."
"In the medium-term perspective we continue to remain very positive on ING Vysya. I do not think the news of ING group selling out will have any impact on the bank," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
