Kotak Institutional positive on IndusInd Bank

Manish Karwa, Associate Director & Senior Analyst, Kotak Institutional Equities is positive on IndusInd Bank.

Karwa told CNBC-TV18, "IndusInd Bank looks really good. They have been doing reasonably well on growth margins, increasing their franchise and they are firmly well entrenched in the retail segment as of now, so we are positive on IndusInd Bank." He further added, "We believe that valuations are a bit expensive compared to the rest of the packs, but given its franchise, given its strong positioning on the retail, given its high Return on Equity (ROEs) and Return on Assets (ROAs) and a superior growth, we believe that high valuations will sustain and overall are positive on the bank."