I don’t know if that’s a jibe but I will bite. I am no expert and I have less than 2 years experience learning the ropes/first principles (thanks to VP and threads like this one) and I am just a hobbyist so take whatever I say with a pinch of salt. If you look at my checklist, I have avoided banks and related businesses that are in the business of money for making money because of their self-referential nature.
HDFC Bank has not had a serious re-rating in valuation in the last 2 years like the other NBFCs, SFBs, Private Banks, AMCs, Microfin, Brokerages etc. It seems to have always traded between 3.5 to 5.5 times book and is currently in that range so its not way off like the other businesses although it is still in the higher end of the range. A meltdown could at most cut its valuation by a 15-20%.
Gruh has historically been at a premium but since demonetisation, it seems to be have traded at a 30% higher range to that premium and it currently appears to be shedding that weight.
Again - No expert.
Apologies @hitesh2710 for spamming your thread. Will be off now.