IDFC First Bank Limited

Why is it not sustainable…??
.
There is high probability that IDFC First Bank’s book value will rise at faster rate than Axis Bank for next 2-3 years as Axis’s profits are normal for its size but IDFC First is a turnaround story and has a low base to grow from…also if AU small finance and Bajaj Finance can trade at a higher book value than large private banks then IDFC First can also sustain at P/B of 3 or even more going forward…