Prefer Axis Bank, IndusInd Bank: Parag Thakkar

Parag Thakkar of HDFC Securities told CNBC-TV18, "Axis Bank, IndusInd Bank and Kotak Mahindra Bank are the private sector banks which we like. Definitely at these prices they look very appealing. For example in Axis Bank, if they remain within their guidance, with Rs 3500 crore restructuring plus slippage for this quarter, we expect that they will remain well within that. So, inspite of all the concerns they have also lended to infrastructure but their slippage ratios are comfortable."

"The inherent benefits which ICICI Bank also has in terms of strong CASA, they have very good margins – ICICI Bank also has a huge value in insurance and other businesses which Axis Bank does not have but both are looking good at these prices. At these prices if you take a medium to long-term perspective the risks are priced in," he added.