Fintech-powered NBFCs beat PSU banks on growth despite lower valuations, says Deven Choksey

PSU banks are emerging as value buys, but fintech-led NBFCs and large-cap IT stocks offer superior risk-reward, says Deven Choksey. Falling interest rates are easing funding costs, while technology adoption is driving faster loan growth and operational efficiency. Large IT firms benefit from strong order wins, AI-led productivity gains, and limited downside risk.