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No. of Recommendations: 2
Unlike some banks, this one doesn't pay much of a dividend.

The dividend growth rate for the past decade (12 - 13 years) has been 30 to 50%. I think that will remain the same for the next couple decades at least. The only issue last year was that the rupee appreciated 10%, which made the dividend increase negligible. So if the rupee depreciates, the dividend growth would return much higher.

Vish
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