Look at State Bank of India: Dipan Mehta

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "We have an eye on State Bank of India (SBI). In the last couple of quarters, the company came out with decent set of numbers, so may be its results will evince more interest than any of the PSU banks. By and large, the view we have echoed is similar to what a lot of other investors have been saying about PSU banks. As such, I don’t think any positive or negative news flow from PSU banks will make much of a difference. Investors would want to see what happens with larger banks like Bank of India (BOI), Bank of Baroda (BoB), Punjab National Bank (PNB) or Corporation Bank for that matter."

"May be there could be some positive surprises in the PSU banks, they have been consistently underperforming in the last three-four quarters. So one could look at some positive surprises over there but even then we are not that bullish on PSU banks in the medium-term to long-term," he said.