This indeed could be where the next growth lever exists for the Indian banking sector as a whole as income levels rise over this decade and the streets could well be underestimating that. But I do feel HDFC and other lead private sector banks realize this.
I believe it is due to the inertia of human sentiments and thus has more to do with behavioural finance than the numbers themselves. But for those who are bullish on the bank, the current valuations do indeed look attractive.
Disc – Invested and biased
| Subscribe To Our Free Newsletter |
