Will continue to invest in large private banks; cautious on NBFCs, says Avendus Capital’s Vaibhav Sanghavi

Vaibhav Sanghavi, co–CEO at Avendus Capital Alternate Strategies, said he wants to continue investing into large private banks and avoid the other kind of weaker institutions.

On non-banking financial companies (NBFCs), he said, “We won’t be keen on NBFCs at this point of time. We would probably be a little more cautious there and we would have our hedges in place especially on those NBFCs. It is not only about the asset quality but also about the regulatory overhang, which may come about in next few weeks.”

Regarding auto sector, Sanghavi mentioned, “We always believed that consumer discretionaries would do well and also the pandemic has given that tailwind for vehicle sales. Pent-up demand has always been there. Apart from pent-up demand, the follow-up demand also has been pretty robust."