In an interview with ET Now, Rupesh Patel, Fund Manager, Tata Asset Management, talks about the prospects of the private sector banks and relative merit of the construction space.
Edited excerpts:
ET Now: YES Bank, HDFC Bank and Kotak Bank have done well and they form a large portion of your portfolio. How are you analysing the fundamental set up for the private sector banks?
Rupesh Patel: Our view on private sector banks has been constructive since last many years. Our primary thesis is the story of market share moving from public sector banks to private sector bank will continue to play out. The private sector banks relative to their public sector peers have handled credit cycle relatively better, particularly for the ones which are retail focussed.
