Accumulate Federal Bank on declines: Amisha Vora

Amisha Vora, Joint Managing Director at Prabhudas Lilladher told CNBC-TV18, "Since ICICI Bank does have some of the businesses, which is global if I am not mistaken maybe 15-18 percent of their balance sheet is global and whenever any upheaval happens in bond markets globally, I am sure ICICI Bank global balance sheet, global investments will be looked at with a few question marks till the time analysts get a complete hang on it. So it comes under a little more severe pressure. However, overall when we look back into their domestic business, I think they are poised for a reasonably good time over next two years and also the insurance part will get slightly unlocked."

"Beyond ICICI Bank, HDFC Bank in midcap segment we like Federal Bank a lot and we think that all these declines should be truly used to accumulate the stock for a reasonably very good appreciation as the strong management, their focus on the right segments and the NPA cycles probably settling down sooner than later will re-rate the stock further in days to come," she added.