The private banking space has always been in two parts, said Nischal Maheshwari, Head of Institutional Equities at Edelweiss Securities. One part has been focused on the retail asset side, while the other focused on the corporate lending side, and the space between the two has become a bit more starker.
On ICICI Bank, Maheshwari said it is a temporary turbulence and this could be a good time to start accumulating the stock.