In 2023, banking is near full penetrated market. There will still be growth due to rise in population.
I don’t think people who use multiple bank accounts (yield chasers) use HDFC, as their interest rates on deposits are always conservative.
HDFC Bank still has this engine/track record of growth with potential to propel quality growth over the years, 10-15%, till it becomes so big that law of diminishing marginal returns kick in.
| Subscribe To Our Free Newsletter |
