Madangopal Ramu, believes Indian private banks are doing exceptionally well. Sundaram Alternates investing in small banks and NBFCs that move from unorganised lending to more organised structures. Banks and NBFCs that embrace digital technology and have good cost management are expected to experience better penetration rate in the next 5-10 years. Furthermore, healthy valuation and an upward earnings momentum will likely result to better deposit growth rates for Indian banks.