Positively inclined on ICICI Bank, maintain price target of Rs 360: IIFL Wealth

ICICI Bank has reported the lowest slippages in eight quarters. Additionally, domestic loan growth has improved though the overhang of Reserve Bank of India (RBI) divergence remains.

In an interview to CNBC-TV18, Rajiv Mehta of IIFL Wealth shared his views and readings on ICICI Bank's Q2 numbers and also spoke about specific stocks.

We have been positively inclined on ICICI Bank since last couple of quarters, said Mehta. Maintaining price target of Rs 360 for the quarter, he added.

"HDFC Bank, ICICI Bank and Yes Bank have been our top picks in this quarter. HDFC Bank and ICICI Bank still remains our top picks. In regards to Yes Bank, having seen the correction on Friday, we think if it falls from here on significantly, 5-10 percent or more then it's a good opportunity to buy Yes Bank," he said.

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