Has anyone done a comparison of IDFC vs. Federal Bank in terms of financials (earnings growth, ROE) and Valuation (P/B). My understanding is that Federal has been consistent in reporting good beat on Earnings and appears cheap/reasonable compared to IDFC.
Also, Federal has been very aggressive recently to promote usage of credit cards through various tie-ups on large retail platforms (e.g. Lifestyle, Amazon, Swiggy). Keenly awaiting how it’s marketing effort on credit card business will deliver over coming quarters. Btw – what’s market share of credit card business for IDFC vs Federal?
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