IDFC First Bank Limited

Frankly, my bet too is on Vaidya only. Because we made big money betting on him last time, me and many of my friends are holding on in hope for ever.

But the issue is this. This is an early stage bank. It does not matter how capable the driver is, if the vehicle is fundamentally broken then it takes time to fix it. in the meanwhile we can scream and scream at him as much as we can but he can only do that much. I feel in this context we should be watchful. To run a bank thats already making ROA of 2 and roe of 16 is probably better…

for example I truly believe that he has done a super wonderful job in what was essentially a broken piece. He has set high expectations by growing deposits at 30% plus for 5 years can he sustain this growth for another 5 years?

He has already called out the MFI business like the whole industry has. But we should check out SMA 1 and SMA 2 is that trend stable? They gave out the numbers last quarter results, will they continue with that disclosure this time, considering the numbers are likely to be much worse?

After last quarter q1 25, he gave some pretty bad guidance for credit cost of Q2 25. The number of times he emphasised that there is going to be higher provisions in q2 25, it could not be missed. He said that in the AGM speech at least 5 times he called the same out to television channels ( see cnbc tv18 interview and agm speech its on yt) and in the conference call probably it is really bad

I thought stick would come down immediately was waiting for this to come down all quarter based on those commentary but it never did meaningfully.

now it has suddenly come down to 65, but I am not having the courage to buy it because all mid cap banks are down simultaneously, the reduction is not specific to this bank.

This ia the funny thing when it is high we wait for it to come down, when it does we dont have the courage to buy