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English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | Today's Paper Subscribe Sign In Freedom Month Offer is Live Search + Home ETPrime Markets News Industry Rise Politics Wealth Mutual Funds Tech Careers Opinion NRI Panache ET NOW Spotlight Tech Consumer Markets Corporate Governance Telecom + OTT Auto + Aviation Pharma Fintech + BFSI Economy Infra Environment Energy Extras PRIMESHOTSPrime VantagePrime DecoderCollections Business News›Prime›Markets›Life after merger: HDFC twins have smartly rewarded investors. Can the joint entity repeat the feat? READ. LEAD. SUCCEED. ET PRIME - FOR MEMBERS ONLY * Sharp Insight-rich, Indepth stories across 20+ sectors * Access the exclusive Economic Times stories, Editorial and Expert opinion START YOUR MEMBERSHIP INVESTING LIFE AFTER MERGER: HDFC TWINS HAVE SMARTLY REWARDED INVESTORS. CAN THE JOINT ENTITY REPEAT THE FEAT? ✖ Getty Images A customer walks into an HDFC Bank branch in Mumbai on July 1, 2023. SYNOPSIS THE GROWTH IN UNSECURED LOANS IS EXPECTED TO BOOST HDFC BANK’S MARGINS AS THEY ARE HIGH-YIELDING THOUGH RISKY. HOWEVER, THE LENDER’S UNDERWRITING STANDARDS, TRACK RECORD, AND BENIGN CREDIT QUALITY ENVIRONMENT GIVE COMFORT TO INVESTORS ON THE ASSET QUALITY FRONT. If you had invested INR1 lakh each in HDFC and HDFC Bank in 2000, bang in the middle of the dot-com crash, it would be worth INR1.9 crore today. Within a span of 23 years, the shares of HDFC twins have recorded a compounded annual growth rate of 22%. At 12%, the performance of BSE’s benchmark 30-share index, the Sensex, pales in comparison. Practically, it’s almost impossible for most of us to stay invested for as long as 23 years. But for the BY Alekh Angre 11 mins read, Last Updated: Jul 6, 2023, 12:09 PM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit Reached! Hey , no more stories left for you to gift. No worries! 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The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. 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The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 31-3-2023. * ET Prime solely reserves the right to resolve any issue as per the company policy. 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ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Times Prime coupon code will be sent to registered email address within 10 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Times Prime coupon code to their registered email address within 10 working days from the payment completion. * Users are required to redeem their Times Prime coupon code on or before 31-12-2023. * ET Prime solely reserves the right to resolve this issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 31-3-2023. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Times Prime coupon code will be sent to registered email address within 10 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Times Prime coupon code to their registered email address within 10 working days from the payment completion. * Users are required to redeem their Times Prime coupon code on or before 31-12-2023. * ET Prime solely reserves the right to resolve this issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 31-3-2023. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Times Prime coupon code will be sent to registered email address within 10 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Times Prime coupon code to their registered email address within 10 working days from the payment completion. * Users are required to redeem their Times Prime coupon code on or before 31-12-2023. * ET Prime solely reserves the right to resolve this issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 31-3-2023. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. Offers By Our Partners Exclusively for Members Annual plan worth ₹15000, now at 50% off ₹7500/yr Access unlimited research summaries with a research network that unites Insight Providers, Investors and Investor Relations Professionals Know More 8Member only Newsletters Never miss a story that matters PrimeShots Sharp, short, snappy insights to help you stay up-to-date in under 120 seconds! 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