HDFC Bank, Kotak, and IDFC First Bank investors earned less than depositors over five years

Depositors in HDFC Bank, Kotak, and IDFC First may have earned more than investors over five years. Stock gains for these banks were minimal, with HDFC Bank up 2.09%, Kotak Mahindra Bank 5.9%, and IDFC First Bank 5.67% between March 2021 and March 2026. This underperformance contrasts sharply with fixed deposit rates of 6-7% and the Sensex's 92% return during the same period.