Nice post. Have been invested since Jan 2019, first with bank and then switched over in July 2020 to IDFC Ltd. So I’ve gone through the roller coaster, but overall significantly in the positive. Agree totally about asset quality being the key determinant for future….credit costs maintained in the 1% range over several years is what is going to drive meaningful re-rating and BVPS compounding from profits and raising capital at higher multiples.
Having said that, his focused execution of the plan laid out in 2018 is very commendable and gives me confidence to stay invested and watch the story unfold here.
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