Numbers are very good was not expecting this from them. QoQ and YoY both of them are fantastic. This quarter for all bans will be good but next 2 quarter are in trouble.
You can see their LCR coming down which is a concern. CASA is growing hand in hand with deposits. Actually yes bank has lot of attractive and creative products in FD so they get lot of money there that is one of the reason for CASA ratio being flat despite growth.
Went through this article yesterday and I feel Prashanth kumar is extremely underrated. He has done a phenomenal job and is continuing to do so.
I saw the recent interview of IDFC bank CEO and he says that the market is so huge and under catered that banks will not be competition with each other. The share of the PIE is getting bigger.
I also remember NIRMALA SITARAMAN saying that we will need 5 SBI to cater this growth.
My overall point and basic idea of investing here is that in next 2yrs this bank is going to be above 4 lakh cr and there is no way a profitable private bank with such huge balance sheet and heavy tail wind form the industry can trade at a Mcap of 40000 cr.
Thankyou
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