TCG Asset bullish on IDFC First Bank, sees opportunities in PSU banks

CNBC TV18•25-02-2026, 15:09

•TCG Asset Management's Shahzad Madon maintains positive investment view on IDFC First Bank despite recent issues.
•Madon believes the incident at IDFC First Bank may be contained and the bank's growth thesis remains intact.
•PSU banks offer attractive valuations and improved balance sheets, presenting selective investment opportunities.
•TCG Asset's conviction in key holdings like Intellect Design Arena remains strong, despite AI disruption concerns.
•Madon advises new investors to consider additional allocation during market corrections as valuations adjust.

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