Hold HDFC Bank, says Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "HDFC Bank is one of the best private sector banks, performing very well although the last quarter numbers were below expectations and this quarter also there are problems with the NII. But still going forward I think with the kind of business this bank has, with the kind of reach, it is one of the best banks to be in if one wants to be in private sector banks."

"So continue your holding, don't worry about daily ups and downs in the market. In case it goes below Rs 600-580 or something I would suggest a buy because we feel that going forward at least in the next three-four quarters the bank is going to outperform private sector peers," he added.