IDFC First Bank Limited

Just a small correction, banks work on ROA and ROE follows up. So key parameters to track in a bank can be

1. ROA
2. NIM %
3. Price/Book
4. Secured Vs Unsecured Book
5. Management’s Risk Appetite
6. Mgmt Walking the Talk
7. Credit Cycle Phase

Latest guidance : They will be retiring the legacy bonds of 9ish % with cheaper loans at 6-7% which will add another 2% interest quantum to the book. To happen in upcoming FY.

As per my experience this is the time to stay on toes and I feel the credit cycle is great for another year but fine for FY25 which is eventually my selling year. Just thinking like a PE fund.

Once you are done with all these, have the courage followed by patience to hold a good chunk.

Disc : 10% allocation to stock.