I think due to the above stated reasons and global sell offs, the FIIs sold HDFC twins and most of the Indian banks from last Sept and DIIs and retailers are still supporting it. but how will a retail invest in the likes of BOFA, WellsFargo…, no other choice he will keep investing in India, a known devil is better than an unknown angel.
Over 60% of Banking accounts just use the accounts as a piggy bank where no more than 4 transaction happen over a months time, hardly 2% of Indians invest in stock market,… can u imagine the money that will come to banking system and stocks in next 2 decades? were will the money go ??
HDFBank apps sucks big time, ICICIBank hidden charges will chase any honest retailer… I am customer of these two banks from past 2 decades , closed ICICI completely and have almost zero transaction with HDFC … Made my spouse open account with IDFCBank, oh these guys are so focused on customer needs and their app is awesome , ROI on deposit is mouth watering what more do i expect?
I believe that IDFCFB can give a run for their money to any big banks…
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