HDFC's Keki Mistry posited an hour back on Bloomberg UTV that like in 2008 when the liquidity crunch made them depend on deposits for funding, they would be doing more deposits in the coming high interest rate scenario. At least more than 55% of the funding can be recovered from deposits. HDFC has traditionally also converted its brand premium into a more that 100 basis point difference on its offered deposit rates. Well, Kudos to HDFC and I hope we can build at least 4 more institutions like theirs as what this fiscal deficit watch season needs is a lot of Financing while we cover the ground to differentiating between non core and imported inflation

Posted via email from The investment blog on Post