The report doesn’t mention any Indian bank specifically. The only reason they mentioned ICICI/AXIS is because the analyst gives recommendations for those banks and they wanted to disclose that.
But, VV has categorically said several times that the bank is focussing on retail. And VV has been known to be a man of his words. I would believe him. However, if news comes that IDFC FB has lent money to Adani for infra projects in the last 2-3 years, my trust in VV would be broken. And since that is the only reason for being invested in IDFC FB, I would liquidate all my holdings.
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