Keep private sector banks in portfolio: Raamdeo Agrawal

Raamdeo Agrawal, Joint MD at Motilal Oswal Fin Svcs told CNBC-TV18, "Private banks have been fairly priced. They have come off somewhat from the top but the basic business logic still remains very strong."

He further added, "The success which the private sector banks have in terms of market share gain and customer gains will continue and hence private sector banks remain a good trade. They have not done very well in stock market in last one year though they have done very well in terms of their profitability. My sense is it will continue and it still remains a good bet in anybody's portfolio."