Nice parallel, but Indian banking i suspect is more fragmented with HDFC bank though largest pvt sector bank still current %age is only 4.4% of India’s GDP. Also Indian banking is very dynamic due to major presence of Fintechs plus increased prudence coming to PSU lending since last few years.
But i agree given the other opportunities in the market, HDFC bank at current valuations and any falls, may provide a decent 14-15% returns over 5 years…
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