Prefer ICICI Bank, HDFC Bank: Macquarie Capital

Prefer ICICI Bank and HDFC Bank in private banking space, says Suresh Ganapathy, Senior Analyst, Macquarie Capital Securities India Pvt Ltd.

Ganapathy told CNBC-TV18, "The preference is towards private sector banks. I would like to take exposure towards ICICI Bank and HDFC Bank at this point in time because they are pretty safe plays."
He further added, "Amongst the PSUs, slightly if you have a longer-term perspective from a 12-18 months perspective, I am rather better off holding Punjab National Bank (PNB) and Bank of Baroda, pretty well-run banks in our opinion and clearly valuations are also very attractive. So these four would be my top pick in the sector."