Prefer Andhra Bank, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "It is a long drawn affair for IDFC Bank and though in the recent times we have seen the scale up because of the kind of liquidity we saw the stock attracted. However, in terms of earnings visibility if you have to reflect upon, it is going to be taking a while. Andhra Bank is something that is what we would recommend from the public sector universe.""Over here our visibility is that compared to this bank in terms of turn around as far as the gross non-performing loans (GNPL) is concerned and improvement in the provisioning and restructuring number this particular bank will have a better advantage in terms of long-term investments and return on capital. So, you can possibly think of making a switch over here," he added.