Exit Axis Bank; prefer DCB Bank, Yes Bank: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I don’t have such a great view on Axis Bank. I would recommend that one should switches out of it. If one has to stay in the private banking space, at the moment I would prefer to be either in DCB Bank, Yes Bank, or IndusInd Bank over Axis Bank simply because of the NPA concerns and the fact that Axis Bank loan book is sort of tilted in favour of the leverage sectors and you see this in their numbers every second quarter. So for me that remains a concern."

"I think that while most of the private banks are beginning to feel some of the pressure of NPAs, I think to that extent for some of these other banks, it is lesser. So, I would recommend a switch from Axis Bank," she added.