Buy ICICI Bank, advises TS Harihar

TS Harihar of HRBV Client Solutions told CNBC-TV18, "I was a little negative in ICICI Bank when the Q3 was announced because there were some concerns on the non-performing assets front. But what we understand is that the worst of the non-performing assets (NPAs) is now behind the bank. The valuation gap between Axis Bank and ICICI Bank should eventually narrow."

"At about Rs 318-320, to me it looks like compulsory buy. If you are looking at private banks, as a proxy for the Indian growth story, I would believe that ICICI Bank at these valuations would be a compelling buy for me," he added.