SBI our top pick on the banking side: Parul Saini, RBS

Parul Saini, Director, RBS, in a chat with ET Now talks about State Bank of India and the banking sector.

Are you bullish on rate sensitives, in particular banks and autos?

From a strategy perspective, we are still cautious on the banks though we think rally is starting to emerge especially for some of the public sector banks. SBI would be our top pick on the banking side though I think probably 2-3 months down the line - when liquidity conditions are probably more normal and inflation has normalised - it would be time to take another fresh look at the banks.

If the market is at a level where we think it is attractive, one sector we would turn bullish on is the banks because they would continue to lead the markets in any upswing.