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Last Updated : Jun 17, 2017 01:56 PM IST | Source: CNBC-TV18

Prefer private banks, says Andrew Holland

According to Andrew Holland, CEO at Avendus Capital, one may prefer private banking stocks.

Andrew Holland, CEO at Avendus Capital told CNBC-TV18, "The private banks will just keep taking market share from the PSU banks. It is like a deer in front of the headlights, they can’t go anywhere at the moment, they can’t do anything, RBI has got half of them under their control anyway because of the losses they are making. So, what can they do? Private banks is the only sector of the banking sector I would be in."

"The affordable housing finance companies we like as well going forward. So, the rest of the financial sector I am kind of lost for words in terms of why they are being held up because there is no fundamental reason for it," he added.

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First Published on Jun 17, 2017 01:00 pm
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