IMHO …HDFC twins, Bajaj Twins, Kotak and Chola used to get hefty scarcity premiums in the face of most other lenders literally goofing up for the last 10 odd yrs ( pre 2022 )
Now, most are getting their act together. Hence the time correction in the frontline names and moderation in P/B multiples. I think, it should be close to its end now ( the time correction ). These stocks may start to move in line with their earnings growth from here on … At least I hope so 
Disc : holding all of them except Chola.
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