The pace of recovery for public sector banks depends on timing and extent of recapitalisation. The government should recapitalise them earlier than later so that they are also able to participate in the anticipated credit cycle pick up, said Sandeep Nanda, chief investment officer at Bharti AXA Life Insurance, in an interview with Falaknaaz Syed. Excerpts:
How do you see Q1 earnings? When do you expect a revival?