They are more and more depending on HDFC bank for their business which reflects poorly on their other distribution channels. I don’t know why they are depending more on HDFC bank. Why not develop other channels.
Also does anyone know about the dependence of SBI Life and ICICI Life on their banks.
And in their concall they have said that they will compromise on their margins to get growth which clearly shows they are struggling.
Disc: HDFC life is one of the largest position in my portfolio
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