Apr 22, 2016, 04.32 PM | Source: CNBC-TV18

Keep HDFC Bank in portfolio, prefer DCB Bank: Prakash Diwan

Prakash Diwan of recommends keeping HDFC Bank in the portfolio and prefers DCB Bank.

Prakash Diwan of told CNBC-TV18, "I am glad Infosys reacted and gave an opportunity or investors to get in which was not expected. HDFC Bank has always been this steady, boring performer which is what good investments are made up of. So there is no reason why you shouldn’t have it in the portfolio."

"It is just that people have got carried away with the glamour of the larger banks like ICICI Bank and Axis Bank as well. However, this is where the quality differentiates itself. IndusInd Bank is not my top favourite at this point in time. I would prefer a smaller bank like DCB Bank which is kind of raving back rather than buy a fully priced retail business like IndusInd Bank," he added.
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