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Positive on Axis Bank, ICICI Bank cleanup process, says Taher Badshah

Updated : June 04, 2018 09:11 AM IST

Axis Bank and ICICI Bank have demonstrated decent approach to the whole cleanup process and have accelerated it, said Taher Badshah, CIO-Equities, Invesco Mutual Fund.

"Both have maintained their core banking franchise well," Badshah told CNBC-TV18.

Badshah said they own both the banks in some of the core portfolios and funds.

At some level results from these banks are important for the earnings season. They have been net positive for this earnings season and overall market mood, he added.

Talking about MRF and Exide, he said the risk reward still looks in favour of them. They are reasonably inexpensive although they have been steady performance and good earnings.
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