Dipan Mehta Underweight on Private Banks, Bullish on PSU Lenders & Gold Finance

• Dipan Mehta, Director of Elixir Equities, is underweight on private banks due to slowing credit expansion, increased competition, and high ownership levels.
• He sees opportunities in PSU lenders and gold finance companies, citing a shift towards institutions with stronger balance sheets, better valuations, and dividend visibility.
• Rising competition from state-run lenders and fintechs is reshaping investor positioning in the banking sector.
• For gold financing, Mehta emphasizes execution in diversified lending and monitoring asset quality trends.
• Investors should selectively watch gold finance companies demonstrating improving credibility and funding access.