I agree with all the points.
IDFC Bank’s credit card business is doing well, and even they have to do tie-ups with neo-bank but the tech isn’t their forte. You also have to check BoB, which makes sense.
Their recent tie-ups with credit card services are a bit aggressive, for example, OneCard.
BoB, IDFC First and Federal bank were competing for their customer base.
I am invested in Federal bank for their books and risk management and the above-mentioned points.
Specially neobanks like Fi it took 5 mins for me to create an account.
Bandhan bank is scary sometimes, not because of stock price fluctuation but the loan book they carry and the interest rate, sometimes I feel like I am a crook being an investor in such banks is like making poor people fall into their debt traps.
So the brand value is not so great in Assam.
Recently, exited IndusInd. I feel HDFCBANK and FEDERALBNK is a much safer than other bank right now.
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