Baliga bullish on private sector banks

Ambareesh Baliga, Market Analyst is bullish on private sector banks compare to public sector banks.

Baliga told CNBC-TV18, “Bharti Airtel, I would look at the news positively because I don’t know as to why that hue and cry is there on the subscribers going down because the clay is rift raft which is actually being taken off from the subscriber list and I think going ahead clearly it’s the ARPUs and value added services which I think will contribute going ahead and clearly the focus will be on increasing the ARPUs.”
He further added, “If you are talking of Africa merger I think that’s good for the longer term because that’s going to be the huge growth area for Bharti Airtel going ahead.”
“Private sector banking stocks I am quite bullish till end clearly going by the sort of results which we saw for DCB, IndusInd Bank or HDFC Bank I think one needs to be quite bullish on the private sector bank but at the same time I think the PSU sector could have NPA issues so I think that’s one to be watched out for. So, clearly there will be a divide between the private sector and the public sector banks.”