Is IDFC "safer" from long term perspective

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Hi,

Everyone seems to be opening IDFC bank accounts these days. Some members also vouch it for deposits. It is a small bank compared to the biggies like hdfc, icici etc. But is this bank “safer” in the long run? I mean any risk of default or any management member jisne kabhi koi kaand kiya ho? Ofcoruse there is no guarantee. Just wanted to make sure that it is not in the level of those co-operative banks.

Thanks

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I don’t care if it’s safe of not.
Till 5 lac money is insured that what my upper limit is for my saving account with them

On side note…yes they look safe based on the balance sheet and financial results…they are focusing on retail deposits and lending which is good sign.(most NPAs are corporate lending ..most retail lending is backed by some equivalent asset )

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The bank is increasing its retail loans portfolio, retails loans are much safer than corporate loans. Also Earlier capital first used get money at 8.3% interest, however now it is getting same at max 7%. The bank seems safe to me. I have two account with them self and family.

Please do your own research as well.

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no bank is safe in modi raaj…and its nothing political…its all the policy issues

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Go for the top tier banks for your life savings – HDfC, ICIC, AXIS SBI (all other Nationalized banks as well)

If you want to earn that higher savings or some movie ticket offers (uggggh, people open accounts for Movie tickets, what’s wrong with our nation !!! ) then the small savings are better.. but stay under 4L across FD,Savings, RD account in the same Bank (not branch)…

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billubakra wrote:

lol yeh 10 saal ka kaisa nishkarsh nikala bhai?

its my opinion, like others – all guess only smile
Its too young(Bank)and growing now, assuming scams start once they become popular and have lots of money in hand

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