Quite bullish on banking stocks: TS Anantakrishnan

In a chat with ET Now, TS Anantakrishnan, Head-Prime Wealth Management, shares his views on banking space.

ET Now: What do you make of the banking numbers? Does it seem like banking as a space per se would probably dish out slightly better than expected numbers?

TS Anantakrishnan: Our view is definitely the same. We think a lot of the bad news is already in the price. The banking sector having de-rated quite a bit, especially on the concerns of NPAs. With the numbers that we have seen from IndusInd, we expect a similar set of numbers across the board, especially on the private banking side.

So, we are quite bullish in the likes of Yes Bank and Axis Bank or HDFC Bank. We do think the markets would be positively surprised. We do get quite good picks in the likes of Yes Bank. So, we do believe the markets have already factored in quite a bit of the bad news and there is quite a bit of surprise.