Buy SBI, ICICI Bank: Sandip Sabharwal

Sandip Sabharwal of asksandipsabharwal.com told CNBC-TV18, "Index favourite lies in some of the largecap banks, so State Bank of India, ICICI Bank, as far as percentage gains go over the next one year, they are the most well-placed, because next year, what we will see is that the write-offs will reduce drastically. The profit growth will pick up significantly.""Some of the banks like ICICI Bank, the movement has been quite intriguing that it has not moved all, despite getting cash in by selling some of its subsidiaries and stake on subsidiaries, but it is into big value zone. So, in the largecap side, I would be a buyer in SBI and ICICI Bank," he added.