IndusInd Bank presents an interesting entry opportunity for new investors: Phani Sekhar, Angel Broking

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking shares his views about the IndusInd Bank.

ET Now: What is the call on IndusInd Bank?

P Phani Sekhar: One has to be generally constructive on banking space and especially in the well run private sector banks. IndusInd Bank off late qualifies to be one of them. IndusInd Bank has done pretty well on its domestic retail franchise and the asset quality which used to be a legacy issue is also behind us. Considering the fact that it has corrected quite a lot in the last 6-9 months, it does present an interesting entry opportunity for new investors. The story more or less is the same for other banks like ING Vysya Bank or the larger private sector banks like Axis or even well run mid-tier public sector banks like J&K Bank or Dena Bank.