Yes, I also felt that, if they are planning to increase business from HDFC Bank that means other channels are not firing.
Good that you have captured the point that, they are willing to compromise on margins which I have missed while going through call notes. This is a concern as profitability will be poor going forward.
Long term story is intact, but it looks like, we are loosing on short term gains by investing in this stock. It will be interesting to see if SBI LIFE is doing better in terms of year on year EPS growth. Though EPS and P/E is not the correct measure to value Life Insurance Business, but still it may be worthwhile to do this comparison.
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