Categories
Investing

HDFC: What credit crisis

When someone asks me the impact of credit crisis on India, the only answer that comes to my mind is:
WHAT CREDIT CRISIS?
India‚Äôs GDP is growing at 6-7% percent per annum… HDFC Bank (Housing Development Finance Corporation) which as the name suggests is one of the largest private sector bank with a huge portfolio exposure of home loans is trading at a 52 week high and at a Price to Earnings ratio of 36.31 (source)