HDFC Bank, City Union Bank best bets: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Our best bets continue to be HDFC Bank and possibly City Union Bank. But, at current level, we are looking positively at ICICI Bank. I still believe that 45 percent of the books is absolutely clean and if you make it a separate entity, it will be valued possibly at 2.5-3 times price to book value. So, all said and done, at Rs 205 if somebody buys it and is ready to see a price between Rs 190-230 over the next 3-6 months, this is a front line stock which can end up giving you a 40-50 percent over the next two years.""So, ICICI Bank is a stock which we are looking at and possibly we will buy it for our clients sooner rather than later," he said.