HDFC Bank

HDFC Bank is the most valuable private bank in India. Its market capitalization is 2.5x more than SBI, even though SBI has ~3x more assets. HDFC Bank has consistently grown its market share in loans and deposits across credit cycles. It has 7.8% and 6.4% market share in loans and deposits in FY18 compared to…

Thoughts on NPA

Tamal Bandyopadhyay is a prolific writer, has a knack for explaining difficult banking concepts using simple words. If you’re interested in learning about HDFC Bank, then I highly recommend his book A Bank for the Buck. Recently, I read his book From Lehman to Demonetization, which gives the lay of the land of what happened…

Invest in yourself

What should I invest in, so that I am well prepared for retirement? It is a question that I get asked most often from my friends. My response to them is simple: Invest in yourself. Spend less than you earn. If you can stomach a drawdown of 50+ percent, then invest your savings in a…

On Scuttlebutt

I am continuing with my endeavor of listening to Berkshire AGM while commuting and before falling asleep. I wrapped up with 1998 today. The topics discussed in the AGM are multidisciplinary ranging from business, investing, learning, and life. I am enjoying it like a kid in the candy store. Last time I came across a…

HDFC

Let us time travel to 1970. You’re sitting on the shores of Marina Beach. You are 35 years old, self-employed, having a family with two kids. You are working hard and saving up money to construct a home. It might take a decade or two to realize your dream to own a home. Click here…

What to look for while reading the annual report?

I have been developing a new habit for the last ten days. What’s that habit? I have been listening to Berkshire’s Annual General Meeting (AGM) starting from 1994. How long will I take to complete it all?┬áThere are 25 AGMs, and each one would be 5 hours long. If I spend 1.5 hours on average…

Kotak Mahindra Bank

Suppose you were lucky to have Uday Kotak as your friend. It was November 1985, and Uday Kotak knocks on your door and offers you to invest one lakh rupees with him. Knowing him personally, you decided to partner with him. Click here to read the rest.