Top picks for 2023: Why Jigar Mistry is betting on Max Financials, IDFC Ltd & Antony Waste
“Banking still remains an interesting space because historically the rise in interest rates are followed by rising NPAs. We have to look at it from pre-2015 before the AQR and IBC was launched and post 2015 when over the past five years all incremental lending has gone to retail. So to that extent, this space is unlikely to see a huge blow out like we saw with the previous rising cycle ”
