@Vivek_Shetty
Thanks. I stand corrected. IDFC bank’s PB is 2 Vs 2.4 of Axis Bank. Still I think, Axis Bank is relatively undervalued compared to IDFC bank. So, I will keep switching in favour of Axis Bank. This way, I will keep reducing my allocation to IDFC bank and increase it in Axis Bank, assuming that the gap remains about 0.5 times the PB. It is my belief that Axis bank will quickly catch up with the likes of HDFC/ICCI bank.
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