Hold Kotak Mahindra Bank: Deven Choksey

Deven Choksey of KR Choksey Shares and Securities told CNBC-TV18, "Given the kind of the footprint that Kotak Mahindra Bank create now with the ING Vysya Bank in the fold, their geographical reach is also probably going to give them a better advantage. Corporate banking or the corporate relationship that ING brings along with is certainly giving them a little upper hand comparatively. So to a greater extent I would like to hold both the stocks in the portfolio."

"In the immediate term price has probably factored into this particular transaction. If any correction comes into the market it would be good buy opportunity to add the stock into the portfolio," he said.