IDFC First Bank Limited - First Bank Preference for Long Term Investors too?

I was upset when the management raised so much capital again, almost called them names like dodo bank and so on. My posts looked like a campaign not to approve the resolution.

But now in hindsight i feel like eating my words raising the money was a good thing.

In my mind their credibility is their biggest strength otherwise noone can raise capital in the formative stage of a Bank.

I cant think of any management being able to raise 20000 cr on a weak financials.

I saw an analysis of mid tier banks stock price from twitter(x) from date of merger about 15 days ago pre war. This stock has doubled from 37 as per that analyst compared to indusind bandhan yes and rbl all mid tier banks which are down 30 to 60 pc.. will validate the prices from nse and then post here.

Large banks like hdfc kotak havr been kinda flat and axis is moderate. Icici stock did well.

Lets see how they perform next 3 years even if the first 5 years were foundation years.

2 Likes