Banking sector: Q3 results preview and expert picks

In January, companies will announce their results for the quarter ending December 31, 2010.

In an interview with CNBC-TV18, Abhijit Mazumdar, Prabhudas Liladhar and Vaibhav Agrawal, Angel Broking, speak about their expectations from the banking sector. Among the private sector banks, Agrawal likes ICICI Bank and Axis Bank while among the PSU banks, he is positive on State Bank of India. In the private space, Mazumdar likes ICICI Bank, Kotak Mahindra Bank and Axis Bank. In the PSU space, Mazumdar is bullish on Union Bank of India, Bank of Baroda, Punjab National Bank and Allahabad Bank. Below is a verbatim transcript of their interview with CNBC-TV18's Anuj Singhal and Latha Venkatesh. Also watch the accompanying video. Q: What are your expectations from ICICI Bank? Would you expect that the good run that we saw in the second quarter gets improved in Q3? Mazumdar: In some of these banks, the incremental credit deposit (CD) ratio is very high compared to Q2 and with prime lending rate (PLR) hikes the advances growth is there. Margin, we don