Monday, 24 November 2008

HDFC Bank, Axis Bank looks strong: Srivastava

Ajay Srivastava, Dimensions Consulting is of the view that HDFC Bank and Axis Bank are looking strong in the private banking space.

Srivastava told CNBC-TV18, "As an equity holder, you are taking too many risks with the private sector bank with the certainty that if they have to survive; they have to dilute capital and significant amount of capital they have to dilute and also the uncertainties. The Kotak Bank result, which came out was very iffy, I think HDFC Bank and Axis Bank are the only strong banks in the whole space."

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

Source: Moneycontrol

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