Return on assets of corporate lenders will return by H2FY19: SBICAP Securities

In an interview to CNBC-TV18, Krishnan ASV of SBICAP Securities shared his views and readings on banks.

We do not have formal coverage on public sector undertaking (PSU) banks but as a trade they do tend to react to news. Therefore, any positive flow will have solid effect in terms of where these stocks are headed, said Krishnan.

Talking about ICICI Bank and Axis Bank, he said we believe return on assets (RoAs) of corporate lenders will return by second half of FY19.

He further said that we expect resolution in National Company Law Tribunal (NCLT) cases in FY19.