Suresh Ganapathy, banking analyst at Macquarie Capital Securities told CNBC-TV18, "YES Bank always been very judicious in their selection of assets. Most of the exposures that they have entered into have been post 2009 and 2010 when the problems for the power sector as well as several of the sectors were clear. So, they have been very choosy in their project selection. Look at it this way that they have zero restructuring on their book or very little, so, clearly they don’t have any legacy issue to deal with compared to say that of ICICI Bank or Axis Bank which do have some restructured assets and of course all the public sector banks."
"So, we still prefer YES Bank. More importantly the story in private sector bank is that they will gain market share from public sector banks who are not doing well at this point in time. If that is the case it is better to take exposure to a bank which has the least amount of market share and can grow faster than others. The visibility is also pretty high when it comes to earnings and growth. So, YES Bank remains a top pick at this point in time," he said.
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