A private sector bank and financial services company in India with three principal business activities: retail banking, wholesale banking and treasury operations.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
HDFC Bank Limited is a high-growth bank with a high P/E. Indian banks are highly regulated in regards to risk management, so they have weathered the global financial crisis much better than most. For example, HDB sports a 7.1 to 1 debt to equity ratio, compared say to JPM’s 11.3 to 1. While political corruption appears to me to be ingrained in India, banking seems to be held to higher standards. I should have picked this when it was so discounted in 2009, as today the high growth is baked in the price and will have to be maintained to justify further increases. Since I didn’t get in cheap, I’m exposed to substantial risk to capital, which leads me to believe this will be shorter-term hold.