Buy HDFC Bank, Kotak Mahindra Bank: Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "Risk to reward ratio is favouring some of the private sector banks but may not be ICICI Bank. I had said that this is one of the weaker large private sector banks that should be ignored, it can fall much more. So, that is exactly what has happened. But at this point of time, I would look at surely buying into HDFC Bank and also Kotak Mahindra Bank to a certain extent."HDFC Bank closed at Rs 984.60, down Rs 11.10, or 1.11 percent. It has touched an intraday high of Rs 1,009.05 and an intraday low of Rs 980.10.