A HDFC Bank Ltd. teller counts Indian 100 rupee banknotes at the company’s bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Positive On Retail Private Sector Banks, Kotak AMC Says

Retail private sector banks will continue to report healthy profitability trend as opposed to the ones focused on corporates due to significantly lower asset quality concerns, according to Kotak Mahindra Asset Management Company.

“We are structurally positive on the retail private sector banks based on their increasing loan and deposit market share is increasing,” Shibani Sircar Kurian, senior vice president and head of equity research at the AMC told BloombergQuint in an interview.

Watch the video for the entire conversation.