Prefer largecap banks, like Cholamandalam in NBFCs: HDFC Securities' Krishnan ASV

HDFC Securities prefers largecap banks over midcap, smallcap banks, Krishnan ASV, lead analyst-banking, financial services and insurance (BFSI), told CNBC-TV18.

In an interview to CNBC-TV18, Krishnan said that largecap banks will perform well.

According to him, despite fintech tie-ups, a lot of business will go to largecap banks. He said, “It (Federal Bank) has been a buy forever for us, but right now we are in an environment where even with fintech partnerships a lot of the new business will go towards the larger banks; among midsize banks, Federal and City Union Bank are two banks that we like a lot.”