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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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   Posted: 09/Nov/2006 at 2:06pm |
Any idea on when HDFC Bank was started, how much was owned by FIIs. Please some member show this historical stats for benifits of all.
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Vipul.... HDFC Bank was listed on 26-May-1995 and it opened at 42.00/- It closed at 40.00/- The stock then subsequently declined to a low of 24/- on 25-Jan-96, which incidentally is its all time low.
The Most telling thing for HDFC Bank came in the bear market of 2000-2002, when the stock declined "only" 30%, compared to a market decline of 50%.
Vipul you are in SK and i see Kopsi doing well.... Congrats and thanks for your great analysis on Yes Bank...
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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Posted: 09/Nov/2006 at 7:22pm |
Yes Bank is a baby boomer. Banks in India still havent had that tech. kind of boom and valuation (I say this especially after seeing the current listing of ICBC-Chinese Bank. It's market cap is equal to whole market cap of all Indian Banks even though Indians banks B/S are far superior in almost every way than Chinese banks. Plus ICBC is state owned and we know what ICICI or a Yes Ban is). Since Yes Bank is a recent start-up, it doesnt have any legacy computer systems it has to upgrade, maintain etc. so the operational costs are drastically reduced. The IT infrastructure would be the most recent one, without any need to upgrade existing systems. Plus Yes Bank I hope adhers to Basel norms faster.
I still havent found a differntiator in Yes Bank. ICICI Bank started up as a "more personalized bank" for the retail segment of Indian market. HDFC Bank had a great niche in home loans. "Yes Bank", although it could be into different areas by or after 2010, but it needs to find a niche area where it would be the number one. In that niche area, even ICICI Bank and HDFC Bank should come 2nd. That would really be a trigger for Yes Bank to get better valuations and get noticed in the eyes of the shareholders.
Yes Bank still needs to do a lot of stuff & that too at a faster pace than all other banks else it would end up being "just another has been".
Edited by omshivaya - 09/Nov/2006 at 7:25pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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reetesh
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Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 09/Nov/2006 at 12:52pm |
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When going gets tough, that’s when tough (people) gets going.
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 09/Nov/2006 at 1:10am |
Just a tought if ING VYSYA BANK is to trade at Fy-08 book of 3.5 then it ING`s price would be around Rs.500(approx.) and today it is trading at 180 odd, great value... After 2009 anytime banks like YES, etc.. would be taken over by Bank like ING`s so for long long term I would prefer ING. But there current performance is not that great, but as would know, what you see and hear is already in price, market look forward.
ING today has 575 outlets of which 380 are branches, 42 ECs, 28 Satellite Offices and 127 ATMs. Additionally bank also has Internet Banking and Customer Service Line for Phone Banking Service.
Edited by reetesh - 09/Nov/2006 at 1:13am
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When going gets tough, that’s when tough (people) gets going.
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 09/Nov/2006 at 4:47am |
Camparision of present YB with present HFDC Banks or ICICI is unfair. What we can compare is YB of 2010 with HDFCs of today. So I gave comparision. But there lies a big uncetainity. It is execution risk. Not all baby banks of today will become ICICIs of the world after 10 years. Only few (hit ratio less then 1%) will reach there. So, betting on YB as of now will remain risk.
Here, I summerize my thoughts ...
"YB is like a drop under a mature Oyster. One day it will become precious pearl. Risk lies in waiting. All conditions around this Oyster look favorable but there is no guarantee as future is always uncertain."
Edited by vipul - 09/Nov/2006 at 4:48am
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Don't bet on pig after all bull & bear in circle.
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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Posted: 09/Nov/2006 at 9:48am |
Thank you Reetesh for the link. Appreciate it. One thing I have to ask generally everyone though. Why are we assuming that Yes Bank WILL SELL itself to any bank or be taken over by any bank, without just continuing to grow itself independently? Curious?
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
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Posts: 793
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Posted: 10/Nov/2006 at 12:51pm |
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We are assuming that small banks like Yes,South India etc will be a acquired by foreign bank, because post 2009 they will be allowed by RBI to open shop here. So to expand fast they will acquire banks like these. Dont worry you will get much higer level for Next Gen. banks like YES..
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When going gets tough, that’s when tough (people) gets going.
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s_praharaj
Senior Member
Joined: 10/Sep/2006
Location: India
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Posts: 357
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Posted: 10/Nov/2006 at 12:54pm |
Thanx Vipul for the comparison you made of YB with the pearl in the making. The comparision is very accurate and tells everything.
For those thinking YB may be merged, the thought is quite unfounded. The promoters are bent in improving the Bank and to make a mark on their own. In the process they may acquire a few small Banks. All the financial ratios of YB and the foresight of Management speaks about a future strong bank in line with UTI,Kotak Bank etc. Yes, it can be a Bank like HDFC and ICICI Bank also but if you observe closely you will find Deepak Parekh and KV Kamath are ways ahead than the Mangement of YB. The Management of ICICI Bank is very forward looking and innovative. Any tech-savvy product you name, before anybody thinks of it ICICI Bank gives it to customers. The only problem is with ICICI Bank is that they are highly aggressive and risk taking. Now the only competitor for them is SBI in volumes. They have become such a big bank now nobody, even the Govt can ignore this Bank. During the time when rumours were floated about the liquidity position of ICICI Bank and when there ATMs ran short, RBI came out for their help. KV Kamth has that clout. A small Bank would have gone with such a condition.
So Yes Bank has to work hard . Now everything is in their favour.The management thinks of acheiving NIM of 3.5 by 2010. HDFC Bank has today NIM of more than 4.5. With only 5% of retail business it is difficult to acheive. In order to show result, they have to show the aggressiveness of ICICI bank and conservative approach of HDFC Bank. This is a difficult blending, but Rana Kapoor and Rabo Bank are also seasoned bankers.
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Shashi Praharaj
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