I know what sets me off against the winner of the bank wars 

Though HDFC Bank remains a perennial favorite of India bulls because of its efficiencies and hold over a high interest rate captive market for credit products, tit never ceased to amaze me that the LIC of the group, Standard life could not really stand up after being the most capitalised company in the sector. Of course with impending IPO norms and Reliance having beaten them to 5th rank when the crisis began, we do hope to look at some detailed Financial statements from these "new industry barons" soon, as a lot has been hidden inside the carpets by everyone with IRDA needing to be active in policing the instituions budding into a smaller pie every year. Now the public LIc and the private LICs divide the market 67:33 and this number would be even more in favor of LIC of India ( which had a INR 4 Trillion book this year or thereabouts and by assets already is 9 times the private players ) if the single insurance product not been sold heavily esp in Q1. Amazingly after Premiums of $1.3 bln the HDFC Standard Life team delivers a sixth rank and a $19 mln loss for the year following a negative $450million loss in FY09, and $69mln in FY10. what a shame! 

Recovery has been slow and steady but we would continue to be hypercritical of any business that cannot want to publish a complete set of Financial statements Very frankly their size is not enough as an industry to believe that their hyper growth in the 1st 10 years will actually amount ot anything from here..Also without Unit products they have all stopped making any effective sales growth in this "industry" Indian Telcos are far more profitable whence Telcos historically wthe world over survive on high prices of hardware paid and lost volume churns ( which also they share with the LIC industry) 

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