Hi sir,
I sold them about a year back, I am not tracking them anymore.
The biggest learning for me was banking is like quick sand you don’t know the end, you don’t know how bad the book is , them moment you think thing are improving you are going deeper and deeper into the sand.
I though they were over provisioned and now we can see some write backs, lol a banker would never even in his dream writeback, max he can do is less provision next qtr
The point is I tried to predict the recover and my lesson was in banks the cycle are long don’t predict let them show some sigh of recovery, let them show 2 good qtrs, you don’t have to buy it at bottom, we can miss some 20%, 30% return
@Surender don’t have much to say on business , just these small learnings
Disc- sold 1yrs back
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