SBI, PNB safe bets in banking space: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that in banking
space, , the safe bets are banks like State Bank of India, Punjab National Bank or a Bank of Baroda at least from the next six-nine months point of view.

Baliga told CNBC-TV18, "Banking is good space to be in as far as the PSU banks are concerned. We are still cautious as far as the private sector banks are concerned; even HDFC Bank, which we were recommending earlier even there we are slightly cautious. We are saying if we need to be there in this space, the safe bets are banks like State Bank of India, Punjab National Bank or a Bank of Baroda at least from the next six-nine months point of view."