Pick SBI, ICICI Bank, Axis Bank: Naveen Kulkarni

Naveen Kulkarni, co-head, research at Phillip Capital told CNBC-TV18, "In the banking space we are still positive on Axis Bank and State Bank of India (SBI) and also the largest weight in our banking space is ICICI Bank. So, these three are our picks in the banking space. We are still fairly positive on the large names in the banking space."

SBI's trailing 12-month (TTM) EPS was at Rs 17.32 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 14.73. The latest book value of the company is Rs 156.34 per share. At current value, the price-to-book value of the company was 1.63. The dividend yield of the company was 1.18 percent.