Suresh A Mahadevan, Head of India Research - UBS Securities is upbeat on ICICI Bank, Axis Bank.
Mahadevan told CNBC-TV18, "ICICI Bank is our top pick. We also have Axis (2% kind of weight) and IndusInd in our portfolio. So I think we are more oriented towards private banks at this point. Another name which we recently started covering is Federal Bank, there is attractive turnaround story here under a new CEO and also ofcourse this stock being a private bank trades at a huge discount to the other listed private bank. So there could be a good amount of rerating if the data point starts showing up. So I think those are some names we like in the bank space."Discover 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!
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