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The speed with which big Banks adapt to change in environment is commendable
Smaller banks and NBFCs either cant do that (because of regulation or lack of strategy)
#HDFCBank had a retail heavy book for last 20 yrs, now corporate book is bigger and expanding fast (53% now)
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Smaller banks and NBFCs either cant do that (because of regulation or lack of strategy)
#HDFCBank had a retail heavy book for last 20 yrs, now corporate book is bigger and expanding fast (53% now)
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as HDFC Bank sees that, fintech riding on ponzi scheme of valuation and VC money, will eat away CASA, will eat away fee income related to retail
but regulation will not allow fintech to even look at corporate loans, so not only hedged, but double down with AT1 of USD 1 billion
but regulation will not allow fintech to even look at corporate loans, so not only hedged, but double down with AT1 of USD 1 billion
#AXISBank has closed all foreign subsidiaries except UK, these subsidiaries are not easy, as in china you have to have 5 yrs of Rep office then only you can apply for a licence and once surrendered, you cant re-apply , so big shift in strategy
