Macquarie prefers banks over NBFCs; positive on City Union Bank
In an interview to CNBC-TV18, Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities shared his take on banking sector trends, ICICI Bank, Paytm and lot more.
Suresh Ganapathy, Banking Analyst at Macquarie Capital Securities prefers banks over non-banking financial companies (NBFCs).
According to him, banks are positioned much better to play the current rising rate environment compared to NBFCs.
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He is positive on City Union Bank.
Credit growth has been quite subdued. He believes corporate sector has started showing signs of growth and expects credit growth of 10 percent YoY by FY22.
He also shared his take on banking sector trends, ICICI Bank, Paytm and lot more.
For the full interview, watch the accompanying video.
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