Bullish on Indian private sector banks: Adrian Mowat

In a chat with ET Now, Adrian Mowat, Chief EM & Asian Equity Strategist, JPMorgan shares his view on the banking sector.

ET Now: What is your call on the banking sector?

Adrian Mowat: Indian private sector banks have had a very good track record, decent ROE, good growth particularly the mortgage related banks.

The Indian private banks are very attractive story today because many of these are trading at quite big discounts to their normal price to book. So, investors are getting an opportunity to enter in attractive level.