So they now have about 1400 CR in PAT on an annualised basis – that’s closer to 2500 Cr than it was last quarter. Point being everyone knows the bank is rising from the ashes. Which is why there is an opportunity for those with patience may end up being rewarded with asymmetrical returns. The market always rewards outlook into the future. And for reasons stated earlier, IT framework, user experience and even the shift into retail lending may all add up to a stronger outlook. The HDFC online user experience is far short of Yes platform. Disclosure – Invested for long.
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