Hello @kartik,
Let's define a simple helping If component:
var If = React.createClass({
    render: function() {
        if (this.props.test) {
            return this.props.children;
        }
        else {
            return false;
        }
    }
});
And use it this way:
render: function () {
    return (
        <div id="page">
            <If test={this.state.banner}>
                <div id="banner">{this.state.banner}</div>
            </If>
            <div id="other-content">
                blah blah blah...
            </div>
        </div>
    );
}
Hope it helps!!
To know more about React, We highly recommend to join React Training online today.
Thank You!!