No, on the contrary in my view Indian Banking sector has cleaned up its NPA mess and now they are on the verge of posting good results. Liquidity crunch in NBFC will directly benefit Indian Banking sector. But buy good banking stocks from that sector and these companies will prosper in future.
I have been trading and tracking SBI for many years and every time it went above Rs 300, it was meeting a selling pressure and came down to Rs 240 or less...this time it is holding steady above Rs 300 and that indicates better things to come for the stock.