IndusInd Bank most attractive in the private sector: Gaurang Shah, Geojit BNP Paribas Financial Services

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about IndusInd Bank and other banking stocks.

You have a buy call on IndusInd Bank, is that the only bank that you like in this sector?

No, there are couple of more banks but the most attractive one in the private sector small bank is IndusInd Bank. Of course the bank about 2-3 years back had a lot of problems on its balance sheet. After the new management came into effect about year and a half back, you have seen a fantastic turnaround in terms of NPAs percentage going down, in terms of NIIs and NIMs improving, in terms of asset quality improvement and in terms of branch network improving.

I think you can definitely look for going forward to have a very promising financial year from some of these private sector banks like IndusInd Bank, Yes Bank and among the front line banks, we like Axis Bank. We have a buy call on Corporation Bank, Bank of Baroda and Bank of India. These are some of the picks in the banking pack.