RoAs of private banks was in the range of 1.70-2.40 percent, while that of PSU banks was 0.70-1.13 percent in Q1. That said, in terms of ROE, state-owned banks fared better than their private peers.
In an interview to CNBC-TV18 Rahul Arora, CEO of Nirmal Bang Institutional Equities shared his reading and outlook on the market as well as on stocks and sectors.
The microfinance lender, which listed on the exchanges on Tuesday, targets 30 percent growth in AUM over next couple of years by expanding into lending for micro small and medium enterprises sector and housing finance along with further diversification into the unbanked and under-banked regions of the country, says CFO Sudha Suresh.