The Head Investment and Advisory of Prabhudas Lilladher, Mr. Ajay Bodke feels that the investors should look for the best banks for investing. In his opinion, the HDFC Bank and the ING Vyasa are the safe banks to invest, at this present juncture. The banking sector is the largest contributor in the Nifty and now, the public sector banks face a lot of headwinds and it would take its own time to overcome the issues.
He says that he is not interested in investing in the public sector banks, at least for some time. He gave an interview to the ET Now and he personally feels that it is better for the Indian and Non Resident Indians to invest in the above private sector banks, since these banks are performing well, does spite of the present difficult situation. In recent days, the INR is also recovering gradually, in the foreign exchange market.