Ankit Ladhani, an analyst tracking the sector with Karvy Stock Broking, also expects asset quality concerns for the banking sector to continue in the fourth of FY15 results as well. The performance of private banks, however, is expected to be better than that of PSBs, although they are also expected to report higher slippages and restructuring. He maintains a 'buy' rating on Axis Bank, DCB Bank, Federal Bank, ICICI Bank and YES Bank; and a 'hold' rating on HDFC Bank. Santosh Singh, an analyst tracking the sector with Societe Generale, maintains a 'buy' recommendation on HDFC Bank, SBI and ICICI Bank in a March 2015 report. Key catalysts would be an interest rate cut or signs that the economy is recovering, he says.