Prefer ICICI Bank, may test Rs 345-365: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "In terms of risk reward if you ask me from the frontline private sector bank, one bank which is in the spotlight today for good reason is ICICI Bank. I think we are extremely positive on that one."

"On Karnataka Bank, since we don’t have a coverage, I won’t be able to comment. However, if one wants to buy a fresh, make a new investment, then risk reward favours ICICI Bank according to us. We have a target of somewhere close to Rs 345-365," he added.