I liked the fact that, HDFC Bank is expanding rapidly in cities as well as Rural areas where other large private banks do not have a presense.
In fact, when ever you visit remote rural areas, mostly you will see SBI every where. If HDFC bank can replicate SBI kind of branches in rural areas, it may still able to grow at decent 15% to 20% Book value for next 5-6 years.
In the past as well, Many analysts have been pessimistic about its growth but it has surprised all by steady above 20% Book Value growth for 30+ years.
Let use see what happens in next decade. Competition from FINTECH is definitely going to impact its growth to some extent as compared to past 30+ years.
Disclosure : Invested since 2011. Booked profits from time to time, but keep investing after deep corrections.
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