Good choices 
See, I have always been interested in the micro finance and also banking sector etc. Search for ujjivan and you can see references going back to 2020. To my naive mind, financials look cheap because the market values them mainly on book and not earning, conservative valuation, which if outlook is good then provides good opportunity.
I have acknowledged the person whose extensive write-up was the trigger.
The top guy leaving was from HDFC bank, I think systems incharge there. HDFC systems breakdowns were the talk of town, RBI had banned them from issuing credit card due to this. Ujjivan at height of COVID crisis was a career move like jump from frying pan into the fire 
Too much was being discounted in price by a panic mode market. FIIs like banking simply because they reflect India macro without studying too much detail of Indian markets, they started dumping stocks when rates rose in US. Due to this I got many at bargain 
when COVID was totally over and markets recovered, around or lower than March 2020 prices.
I have invested in RBL bank also, thinking banking is such a highly regulated business and that RBI is being extra careful and proactive coz it simply cannot allow eggs on it’s face time and again. Contrarian thinking is good for making money, with calculated bets of course.
Also the percentage of 17 is total current size in folio and not the initial invested amount size. Then I didn’t have 14 holdings but 20+, and amount in each was less.
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