Good reason and will like to respond.
AUC First Bank has been a bit of a spoilt kid… Many marque investors have been betting on the company and this is reflected in price hence Price to book. I call this reflected glory. In future AU first will need to work hard to maintain this <>
IDFC First has an old book of IDFC which is like wicked saas bahu of old vintage and will take years to get rid off. Menwhile Vaidy is trying his best to grow the bank without taking undue risks … So Price reflects this …
Hope it helps
Malolan …
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