LETS BANK INDIA & our TWO Favourites.
A few days back it was in David Rubenstein's Peer to Peer Conversation Show, Mr.Uday Kotak was the guest. Mr.Kotak mentioned the shift happening from Public Sector Banking to Private Sector Banking in India. Presently it's 65%- PSU Banks & 35% - Private Banks, he predicts it moving to 50%-50% in the next 10 years. And that's a big opportunity for Private Banks in India. While the TOP 3 Private Banks of India - HDFC Bank, ICICI Bank & Kotak Mahindra Bank have taken the lead and have been growing leaps & bounds. But from a stock perspective, the market has already priced in this growth & the stocks have been doing pretty well. India today is seeing a massive shift in "Financialization" & one of the major contributors is the PM Jan Dhan Yojana(PMJDY) , which in its 6th year has 40Cr. + beneficiaries. Why is this important? Because an important aspect is that DBTs( Direct Bank Transfer) via PM Jan Dhan accounts have ensured every rupee reache...