Wednesday 8 October 2008

HDFC Bank safe to invest: A Dalal

Amit Dalal of Amit Nalin Securities is of the view that in the private sector space HDFC Bank remains the only safe haven for someone to invest in.

Dalal told CNBC-TV18, "In the private banking space HDFC Bank remains the only safe haven for someone to invest in. There are too many concerns with the rest of the private banking space sector right now. Liquidity remains a problem for the PSU banks. I don’t know how RBI plans to look at it but with these outflows that are taking place, it is practically no money left in the system for lending and cost of funds is going up for banks. So it is not a very happy place to be for banks right now."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

Posted by Harsh at 23:40

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