Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We should avoid Karnataka Bank and South Indian Bank. There has seen very sharp deterioration in terms of prices. So the current rallies are not something that we can trust."
"The smaller banks including Development Credit Bank (DCB) are expected to slowly inch higher," he added. Also Read: South Indian Bank Q1 net falls 6.5% on higher provisionsDiscover 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!
