HDFC Bank, market’s favourite megabank, is surrounded by a lending crisis
The NBFC fallout could now spread to mainstream banks that have lent money to the shadow lenders.Among the 25 biggest lenders globally, no other stock commands a higher price relative to earnings or net assets
All around HDFC Bank Ltd., Indias biggest lender by market value, the news seems to be bad and getting worse: economic growth is slowing, loan losses are rising and shadow banks are mired in crisis.
And yet investors keep piling into HDFC Banks stock, convin
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