We recommend OBC and UCO bank: PLC

Are you still underweight on Bank of India?

There are a lot of stocks that you can pick within the banking space, especially PSU, mid-cap banking space. Of the lot, we have always recommended OBC and UCO Bank because both have very low price to work and other valuation criteria. So that’s our favourite pick at this point. I am not really following Bank of India very closely. We have never been negative or positive on Bank of India. So our picks to our clients have always been UCO and OBC.

(The expert is CFA, managing director, Independent International Investment Research Group PLC)