Banking stocks better than NBFCs | Vinay Sharma, Nippon India Mutual Fund
Speaking to ET NOW, Vinay Sharma says that over ownership of large counters has hurt banks and that the important trigger for large banking counters is FII flow reversals. He also added, "large financial counters will start performing once FII flows reverse and that one of the reasons for credit growth pick up is low base effects of last year". Sharma also believes that India Inc was in the deleveraging phase since 2015 and that greenshoots forprivate capex are emerging. So are rate hikes increasing default risks? Watch this interview on ET NOW to find out
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