Nandan Chakraborty overweight on private banks

Nandan Chakraborty of Axis Capital told CNBC-TV18, "In private banks where there are only the top three to talk about, so in Axis Bank we have always have a neutral position because we are owned by them. The other two we are slightly overweight. So, overall we are overweight private banks."

At 14:16 hrs ICICI Bank was quoting at Rs 299.85, up Rs 4.00, or 1.35 percent.