Bearish on IDBI: Mayank Shah

ET Now spoke to Mayank Shah, CEO, Anagram Capital, on his views on IDBI bank.

Just a quick thought from you IDBI Bank. As a valuation perspective, do you think it will finally catch up with the other banks?

Not really. IDBI just started as an entry into the retail side of the business. It will take time to pick up. The credit off take has been good, but IDBI will take more time. If compared to that, there are many other banks which have lot of valuations to explore. So I definitely would not put my money into IDBI at this point of time.