Big banks may struggle, but smaller credit plays set to outperform: Nilesh Shah

June 24, 2025

Nilesh Shah from Envision Capital is positive on financial stocks. He sees financialization as a multi-decadal opportunity in India. Smaller banks and specialized credit plays are expected to perform well. Online investment platforms and insurance distributors show strong growth. Shah suggests a portfolio approach within the financial space. He continues to hold Angel One, noting its reasonable valuation.

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