I feel IDFC first is not competing with the leading banks. Its competing with nbfcs, the lot of them.
And it’s winning hands down. With a long track record of NPA less than 1.5%
Only formidable opponent, competition, is Bajaj Finance.
I feel, retail lending is still a raw untapped market because lending happens at 20% plus. Healthy Growth of 20% is not an issue.
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