Hold SBI, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I will not add more in a hurry but I would hold what I have in State Bank of India (SBI). Within the larger banks and within the PSU banks, I think if there is one bank that I like that is SBI. By and large I don’t have a buy on too many banks in the PSU space."

"We have just seen the merger of their subsidiaries, etc. with them and the positives of that are still to actually flow out and that will take a couple of quarters. Also this entire banking situation with the kind of NPA levels, etc. that are being built and the picture that is presented every quarter, I think even that is going to take some amount of time to sort out for the entire sector, not just for SBI. So, I think from all point of view, it would be wrong price point to exit SBI. So, I would recommend a hold," she added.