Buy Federal Bank, cautious on IndusInd Bank: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "I am maintaining my cautious view on all private sector banks. But if you really want to pick and choose any two banks, first is Kotak Mahindra Bank and second is Yes Bank. I have heard Federal Bank management saying that all the slippages, NPAs and stressed assets seems to have peaked out, but still considering all those things, I don't think that Federal Bank is a buy till Rs 44 level.""It is the largest among the south Indian banks and among all sort of things they have very good branch networks. So, at Rs 44 probably I will go and buy Federal Bank, but on IndusInd Bank I will still keep my caution. Maybe at a level of Rs 860-865, one can again start looking at the stock," he said.