Insurance the right way to bet on financials

Suresh Ganapathy, Head of Financial Services Research at Macquarie, said the insurance sector is the right way to bet on financials. He is ‘underweight’ on the entire banking space as the real impact of the moratorium would be known from December quarter onwards. Last year, you had said that you would avoid NBFCs and PSU banks. Do you still maintain that view?Yes, the biggest stressed segment is the SMEs. Public sector banks have a larger