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<bullsbears-addnewreason-allnamespaces-HDFC Bank (HDB)/Bulls>
Top Contributor: Amit Kak | Created when NOEXCHANGE:NOTICKER was $100.89 | Edit | History
In India a lot of people are moving towards cities for new jobs in the fields of Medicine, Information Technology, KPO, BPO etc. They have started to buy new homes in these cities and the demand for housing mortgages has risen. This means new revenue for banks like HDFC.
Indian banking sector is set to explode in next 5 years on the backing of increasing consumer base and industrial growth. HDFC bank is the one of the top 5 banks and also very aggressive in India, surley will outperform the market.