A few points come to mind.
In Q3 the credit growth was 32% yoy, if Infra is not considered. IDFCF is clearly aiming at 30% + growth. It will start showing in composite figures as infra portfolio moves towards zero.
Banking sector is a proxy of the economy.
For the first time in decades we see a courageous budget in a pre election year which is growth oriented to the hilt with zero freebies. With such display of strong faith by the govt in the ability of the common man to trust the govt, it looks like that we are finally looking at a bright future and strong growth. This should push Indian businesses to come out of their skepticism and commit capital on bolder bets.
I feel banking sector will receive tail winds for at least a few years and Idfcf needs tier 1 capital to grow at 30%.
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