Banking Sector Looking Much Better: Nirmal Jain
  • Elizabeth George
  • Sep 23 2013

September 23: Things have been changing rapidly in the past few weeks, says Nirmal Jain, Chairman of India Infoline. A few weeks ago, our house call was negative on the banking sector, he says, adding that his personal view is that the sector is looking much better with the rupee stabilizing and QE on hold. Private sector banks can benefit from this and are better than PSU banks, he adds.