Keep SBI, ICICI Bank, HDFC Bank in portfolio: R Sreesankar

R Sreesankar, Head-Institutional Equities at Prabhudas Lilladher told CNBC-TV18, "We do believe that risk reward is favourable at this time because valuation wise both State Bank of India (SBI) and ICICI Bank are at extremely interesting price points today. We also believe that if you look at SBI, kind of incremental stressed assets formation that has been reducing, that has been a big positive for the bank as well." "In case of ICICI Bank, we believe that incrementally the stressed asset creation has to be on the lower side. That is one of the reasons why we have both these banks in our portfolio apart from HDFC Bank as well as IndusInd Bank," he said."We will release our outlook on IndusInd numbers along with our pre-quarterly tomorrow. However, we continue to remain optimistic on it," he added.