Prefer Union Bank, BoI from the PSU banking space: Dilip Bhat, Prabhudas Lilladher

In a chat with ET Now, Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, shares his views about the PSU banking space.

ET Now: What is the call on the PSU banking lot?

Dilip Bhat: Some of the PSU banks like Union Bank of India, Bank of India still looks good in the frontline. In the second line, we still like IOB and UCO Bank which looks pretty good and interesting.

I think, that the PSU banks will always remain a very interesting subject because they are always beaten down below their real intrinsic value. They do offer an opportunity for a short-term to medium-term kind of a ride.