Exit Bank of India on rallies, prefer ICICI Bank: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a reduce recommendation on Bank of India. So, it was good to see the pull back on some of the PSU banks that we are witnessing. Hope there is some more pull back and on that pull back, you can definitely come out, exit Bank of India because I do not think that problems for Bank of India likewise for Punjab National Bank is going to be done and dusted very soon. It is going to take a long while.""My advice to make a switch over here and if you want to make a switch, ICICI Bank would be a preferred choice," he added.