Yes Bank is moving into the Axis Bank bracket: Rajesh Jain

Rajesh Jain, Market Strategist in an interview with ET Now talks about Yes Bank and DCB.

What would your call be post the kind of stellar profits that Axis Bank has actually come out with?

Yes Bank, I would certainly see a bank which is a wannabe and would move into the Axis Bank class in terms of product breath, portfolio strength as well as management depth. DCB, we are going to need particularly from fundamental perspective.

You are going to need more evidence on the table and would be at least a couple of quarters before you can see DCB has moved up in terms of quality of holding in anybody’s portfolio. Yes Bank I would go along. I think Yes Bank is moving into the Axis Bank bracket. DCB, like I said, I need to see at least a couple of more quarters before one can say that this is a safe stock for retail to buy.