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Cautious On Recent Banking Rally: Sanjeev Prasad

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September 11: Kotak Institutional Equities’ Sanjeev Prasad says one needs to be careful with the banking space as the NPL problems are unlikely to be resolved soon and may just become bigger going ahead. Exposure to large infra companies continue to remain a concern for banks, he says, adding that while private banks fare better when it comes to NPLs they have more expensive valuations.