Hold Canara Bank, says Avinash Gorakshakar

Avinash Gorakshakar, Market Expert told CNBC-TV18, "One should hang on to Canara Bank. Our sense is that like the previous quarter, this quarter also asset quality should be stable. Clearly post the demonetisation what would be management’s commentary on the loan book growth, on the credit growth, these would be numbers to watch out for and more importantly on the PSU bank’s side, there are expectations that in this Budget possibly the long awaited capitalisation would happen and Canara Bank also should possibly get a piece of that from the government.""If one can hold on for the next 12-15 months, Canara Bank is definitely a stock worth holding on and one could get a decent risk reward," he added.