One bengali young lady who works in CBI (Central Bank of India),Pune was telling me that the type of freedom that some private banks get and operate in agression to earn money is also given to them (Public banks) then they can grow in such speed that the private banks can not compete with them! (I really do not pay attention to uderstand the differences in working rules and regulations and the safety factor etc what she said). Besides in the name of Gold / Platinum / Silver debit / credit cards,or in terms of charges on cash withdrawl or in terms of charges in internet banking these private banks takes the money away from its customers what generally the public banks do not do. Besides all PSU BANKS have already taken the facility of internet banking and common people for regular transaction do not need to visit old faces in PSU. Time to time we get some emails about the performance of private banks that is really alarming and OLD people feel less safe to keep their money in private banks because they are risk averse.

Banks are no more in a seasonal business and the business should grow every quarter. This comparision gives a better understanding about the growth of the Bank.

 

Thank you Sir for your tidbits. Have been learning a lot on banking these days with about amajor part of my portfolio finding their way into banking stocks..

 

Any idea on DCB Mohanji is upbeat on this and it does seem Ok to me though expensively valued. I am talking from the management and systems (processes and business) point of view.