Like SBI, PNB, Bank of Baroda: Jigar Shah

Jigar Shah, CEO at Kim Eng Sec India told CNBC-TV18, "We like State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) with SBI being most preferred within the state owned banks. The weakness is already in the stock in terms of whatever is happening as a poor loan growth and asset quality. That is in the price and if the company is able to somehow raise some of the funds by the end of this year then we put them in a pretty strong situation."State Bank of India closed at Rs 236.65, up Rs 2.85, or 1.22 percent. It has touched an intraday high of Rs 237.60 and an intraday low of Rs 235.15.