Avoid Bharat Financial Inclusion: Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "For Bharat Financial Inclusion, the kind of growth that it can get at its best, in terms of whatever we have seen in the past, I do not think it justifies taking this kind of a risk. My sense is that I would leave the microfinance companies aside for the time being and focus on some of the smaller companies, the vehicle finance companies, especially the ones that are very active in two-wheelers and all.""So, Bajaj Finance does qualify at a price. It starts looking pretty decent as long as I am assured of a 30 percent kind of a growth that it has clocked. But, Bharat Financial is definitely an avoid at this point," he said.