Quoting from The Signal (today’s edition)
The bull run in equities is taking low-cost money away from bank savings and current accounts to other instruments such as mutual funds and shares-linked insurance plans. As a result, they have to pay higher interest rates to attract deposits. On the lending side, nimble-footed shadow banks such as Bajaj Finance, Shriram Finance, and LIC Housing Finance are luring away lucrative retail borrowers from banks. The RBI, worried about the explosive growth in unsecured loans such as credit cards, is already clamping down.
A random investor’s rant about HDFC Bank branch expansion:
What is the benefit of opening a branch between 1-2 km rather than 5-6 km when most of the people prefer to bank online.
No one has time to visit a branch and instead of improving their tech positioning, they’re opening more branches.
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