Jigar Shah positive on Yes Bank, Federal Bank

Jigar Shah of Kimeng Securities is positive on Yes Bank and Federal Bank.

Shah told CNBC-TV18, "Within the banks our preference is for the private banks. We have buy on Yes Bank, Federal Bank and ICICI Bank. ICICI Bank clearly turned out a very good Q2 yesterday and more importantly I think their clarification that power sector exposure is not going to hurt them was very important and that should probably strengthen the investor perception of the stock."
He further added, "In government banks we have remained skeptical so far but I believe worst is over for someone like a Canara Bank, which is trading at one time and having expense most of its NPL