Hold ICICI Bank for long term: Gupta

Hold ICICI Bank for long term, says Radhika Gupta of Forefront Capital Management.

Gupta told CNBC-TV18, "If the investors have a long-term horizon one can hold on to ICICI Bank. We are fairly bullish on the private banking space and as you know valuations have moderated in the last couple of weeks. I think the concern around ICICI Bank was acid quality and some of them are moderating, so its good bank to hold on to."

She further added, "Most of the fear about the hike in deposit rates is priced into banking valuations and into banking prices which is why they have taken a hit in the last 2-3 months. So the larger ones Kotak and HDFC Bank we are pretty bullish on."