Stay invested in IDFC Bank: Avinash Gorakshakar

Avinash Gorakshakar, Market Expert told CNBC-TV18, "One should look at a time period of at least 12-18 months. IDFC Bank is one of the new banks which got listed after the IDFC demerger. I would presume that despite the fact that there have been some asset quality pressures, I think the kind of growth momentum this bank has shown in terms of deposit base and the kind of team it brings on the table, I think it has definitely initiated several innovative kind of products for the customers.""Clearly next 12-18 months would be a real time to watch out for in terms of financials and in terms of the balance sheet size which the bank is actually targeting. So, I would presume that lot of growth is going to come in from the tier II and tier III markets for them. Definitely one should hold on, it should be a good portfolio stock," he added.