Mahantesh Sabarad on what to do with bank and IT stocks now

The banking sector in India has witnessed a sharp increase in deposit rates of upwards of 120-150 basis points over the past six months. This has led to an increase in deposit growth, despite starting on a weak footing earlier in the year. The growth has come towards the end of the rate hike cycle. Experts believe that the growth in the IT sector is likely to come from the BFSI sector. The digitisation wave and the ebbing of the banking crisis have added to the growth in the sector.