Private lenders clocking strong Q4 numbers: Deepak Shenoy

In an interview with ET Now, Deepak Shenoy, Founder, Capital Mind, talks about the fourth quarter numbers reported by DCB Bank and other private lenders.

ET Now: DCB Bank has been hovering at all-time high levels following its better-than-expected quarterly results. The stock has actually done reasonably well in the last couple of months. Would you recommend a ‘buy’ on DCB Bank?

Deepak Shenoy: We are still into the earnings season. Private banks have ridiculously done well, so far, in comparison with other sectors/sub-sectors including industrials (except for telecom).

Telecom companies have come up with better results. I have not seen DCB’s numbers in particular, to be honest.

That said, in the private banking space, even ICICI Bank, which had all those restructuring issues, managed to clock an EPS growth of 12 per cent.

We have seen Yes Bank coming up with 28 per cent growth; EPS growth for IndusInd Bank came in at 25 per cent plus. So, the private bank space is really rocking in terms of results.