Friday, 25 November 2016

Stay invested in IDFC Bank

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One should look at a time period of at least 12-18 months. IDFC Bank is one of the new banks which got listed after the IDFC demerger. I would presume that despite the fact that there have been some asset quality pressures, I think the kind of growth momentum this bank has shown in terms of deposit base and the kind of team it brings on the table, it has definitely initiated several innovative kind of products for the customers.  

 

Clearly next 12-18 months would be a real time to watch out for in terms of financials and in terms of the balance sheet size which the bank is actually targeting. So lot of growth is going to come in from the tier II and tier III markets for them. Definitely one should hold on, it should be a good portfolio stock.

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