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    Bet on SBI, PNB and Bank of Baroda among PSU banks: Ambareesh Baliga

    Synopsis

    SBI would be the one I will bet on that is the safest comparatively and others would be PNB and Bank of Baroda among the larger boys.

    ET Now
    In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on state-run banks.

    ET Now: Banks at the forefront especially today afternoon, which of the PSUs would you bet on?

    Ambareesh Baliga: Clearly SBI would be the one I will bet on that is the safest comparatively and others would be PNB and Bank of Baroda among the larger boys.

    ET Now: The trading rally would continue in these, these are something that you would advise your clients to go long on.

    Ambareesh Baliga: Yes purely from a trading angle, from pre-election sort of rally angle yes I mean we were talking of the PSU space, I mean the PSU banks but then once the result start flowing in possibly you could have some correction in this space I mean basically because of the NPA issue but that is still about two weeks away.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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