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Will de-merger of IDFC into bank lead to big re-rating?

Currently IDFC is trading at 1.3 times the adjusted book but most of the private banks are trading more than two times the adjusted book. So, one is that once it gets converted into the bank, from 1.3 it will warrant a re-rating back closer to 2, says Dilip Bhat.

first published: Oct 31, 2014 04:45 pm

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