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Avoid NBFC and PSU bank stocks completely for next 12 months: Suresh Ganapathy, Macquarie

image NBFC stocks should be completely avoided for the next six months as the sector is going to see lower growth and profitability, said Suresh Ganapathy, head of financial services research at Macquarie. In an interview with Sanam Mirchandani, Ganapathy said the best way to play the banking space is through corporate banks, which have further room for rally.

Edited excerpts:

The NBFC crisis has deepened and there are fresh concerns ...............ET