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The Right Choice

With better asset quality and profitability, old private banks fare better than their PSU peers

Ace investor Rakesh Jhunjhunwala has a penchant for spotting winners in the stock market. So when someone of his stature turns bullish on a certain sector or a stock, it is definitely worth taking a look. At a recent event held in Mumbai, when asked for his thoughts on the banking sector, Jhunjhunwala pointed out that old generation private sector banks were in a good space.