Best Buys Worst Picks-2017

KN Sivasubramanian

His experience with HDFC Bank taught him the merit of sticking to winning companies to create long-term value, while his bet on overleveraged Lanco Infratech went all wrong

RA Chandroo

Post the euphoria of the IT boom, the focus was shifting away from technology stocks to other sectors. That’s when we started looking at private banks seriously. However, we didn’t get in as early as we did in tech stocks. It took some time for us to understand that the retail banking story in India is going to be huge. The retail banking segment was clearly underserved and in terms of service quality and product offerings, government-owned banks had a long way to go. So in that sense, we realised that the retail banking opportunity was still nascent but a very lucrative one to ride out.