IDFC First Bank Limited


(Hitesh Patel) #256

@pkk123

First of all this is not a recommendation. On valuepickr we dont recommend stocks. All these posts are aimed at enhancing knowledge through sharing. Disclosure is made only as a standard procedure.

For my own trade i usually use the recent swing low as a stop loss which i consider appropriate. For anyone contèmplating investment in the company he/she should do their own due diligence and take appropriate decision.


(Pratik Chandak) #257

So, instead of looking at ROE one should look at ROA and the leverage seperately… It is fine if ROE is slightly lower due to lower leverage…

Instead of comparing ROE, one should compare the ROA and leverage…

But in Morgan stanley report where they have given the target of Rs.30, they have given a very high weightage to ROE…


(yourraj) #258

Hitesh ji can’t IDFC Ltd is better bet than IDFC Bank >it has better book and also have stack in the IDFC Bank.


(Hitesh Patel) #259

@yourraj

When the chart pattern is as clear and classical as it is shown above for me it becomes a strong buy based on technicals.

I think fundamentally the picture will emerge clearer after 4-6 quarters of Vaidyanathan being in charge and we see how things are moving forward. Till that time all the number crunching we do is all guesswork and prone to errors.

Regardging IDFC Ltd the valuations may very well be attractive as you mention (I havent checked it to either confirm or reject it) but as long as the ticker doesnt show some strength as shown by IDFC Bank I dont want to consider it. In both IDFC and IDFC Bank it is very difficult to project any numbers confidently and hence I am not even trying.

For me a technical pick should have a clear cut pattern, visible stop loss and targets and sufficient volumes to take a position and exit in profit/loss if needed. There are huge volumes traded on IDFC Bank and so volumes atleast is not a concern for me.


(Pratik Chandak) #260

I wanted to open an account with IDFC First bank… so registered for the call back from them on monday… but didn’t received any call from them… So… registered again for the call back on Wednesday… again no responce from them… they just gave me reference id and did nothing…

So… tracked my reference id from their helpline number… then finally they arranged an executive who visited my home to open my account with them…

It took 1 week for them to arrange an executive… Frankly speaking… i expected better service…

Fine… it was acceptable till this… bt… what I found a real problem is… they have only a 1 product to sell to me… a saving account and that too… one varient where I was required to maintain Rs.25000/- average daily balance… that was on the higher side compare to their competitor… They didn’t have even credit card for their customers…

I enquired to their executive about the changes after merger… he said few things changed… but his main point was… earlier… it was easy for them to convert a walk-in guy into a customer… bt now people just inquire abt the account after looking at advertisement of 7% but it is difficult to convert them as 25k is too high balance to keep into savings account… and you knw… the FD rate below 1 year is also 7%… don’t know why…

Having only one saving account with min balance of 25k and non maintenance charges of up to 400… both are on the higher side compare to competitors…

Only positive is their goodies with this… unlimited atm transactions… cash back on book my show… free lunch at airport… etc…

Bt still… i doubt on their strategy to increase CASA unless… they are planning to develope it…


#261

They are introducing 3 different kinds of savings ac from April and we can convert to an account which requires lesser min bal. I think this will start along with their new website which comes soon. Source: idfc executive who opened my sb ac


(Pratik Chandak) #262

Thank you Vinlive for the information… keep us posted about the latest updates…

also came to know that IDFC First Bank which was earlier branch of IDFC Bank but not capital first are going to introduce new loan products like auto loan, home loan, etc… this was the change in branch which was the branch of IDFC Bank Ltd earlier…can anyone post the changes in capital first branches?


(dr mehul shah) #263

During their aggressive campaign…The team came to my place to open the savings account…My account is dormant since then.not a single transaction…But since last 3 to 4 years…No one bothers to contact me for revival of this account… Strange!