Yes Bank a top pick: Nitin Raheja

Yes Bank is a top pick in private banking space, says Nitin Raheja, Rada Advisors.

Raheja told CNBC-TV18, "Our bias is towards the private banks and within the private banks we like Yes Bank as our top choices as such. You can see the pressure on NIMs as far as banks are concerned but there have been other levers that the banks have been operating with whether in terms of cost, whether in terms of managing the NPA portfolio in a far better manner, which is what has really resulted in the kind of profit we have seen amongst all the banks that declared in last few days."