Buy ICICI Bank, says Neeraj Dewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "Management commentary from ICICI Bank that we have heard now and extra provisioning that they have done in the books, I think now according to what is visible is that pain should be over for this stock for at least the immediate term. If there is no more further bad news coming in, I think this is a good price to buy into ICICI Bank.""ICICI Bank has behaved more like PSU bank. So, you have the asset quality concern hitting them as hard as other PSU banks have been hit. The stock is pretty reasonable at current value and at the current price. I would be buyer in ICICI Bank at the current price," he said.