Bank of Baroda good bet in banking stocks: Anish Damania

In a chat with ET Now, Anish Damania, Head-Institutional Equities, IDFC Securities, shares his views on banks.

ET Now: What do you like in banks? Would you stick to the private names because the PSUs still continue to bleed by way of asset quality?

Anish Damania: Our preference still continues to be for private sector banks. When you choose banks as an index or as a weight, then you ought to add some more public sector names in that. So, in public sector names you look at the top few who have done well better on asset quality than its peer group. That ways Bank of Baroda fairs well. We were expecting that same thing to happen with Bank of India.