Gopi Suvanam of InvestWorks told CNBC-TV18, “If one looks at the rate sensitivity I think private sector banks are much more rate sensitive than public sector banks. Public sector banks have various issues – legacy issues, non-performing assets (NPA) issues, growth issues etc, whereas private sector banks have reasonable amount of growth potential. So, given that I think there is a huge amount of scope in private sector banks in terms of growth once the rate cycle starts speeding up which means that there will be much more rate cuts going forward.”
He further added, “That is an opportunity that investors should catch on to. Instead of focusing on the whole banking sector, may be look at select banks which are growing like Yes Bank or IndusInd Bank.”
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