Look at Oriental Bank, Union Bank: Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "Banks which have till date utilised capital efficiently are the ones that you should reward with the new capital infusion and from that perspective the likes of Oriental Bank of Commerce (OBC) to a large extent and Union Bank of India, they have been much more cleaner, much more focused on to quality of assets."

"I really would not want to go into Bank of India and Syndicate Bank, where it is very half-hearted, OBC and Union Bank have definitely been very positive in that regard and I would still believe that with additional capital, they could do much better," he said.