Look at HDFC Bank, DCB Bank: Ambareesh Baliga

Ambareesh Baliga, market expert, told CNBC-TV18, "Among the private sector banks, ICICI Bank is the one which is most affected as far as asset quality is concerned – that fear is there and because of which the stock in the last three-four months has been an underperformer in that space of private sector banks which had outperformed."

"Except from trading point of view, I will not buy ICICI Bank at this point as an investment but surely I would look at stocks like HDFC Bank and DCB Bank which has been my favourite for a while. IndusInd Bank and YES Bank are the stocks we bought on correction because irrespective when the market is correcting you will get these at much better valuations in next couple of weeks," he said.