Principal Research Analyst, tracks BFSI at CNBC TV 18 Ex - Sell side analyst Views r personal RT aren't endorsements Comments aren't recommendations F1 fan
Followers: 42,463
-
[email protected] Market Check NIFTY PSU Bank -6.15% NIFTY Bank -3.4% HDFC Bank -1.9% ICICI Bank -4.3% SBI -5.2% Axis Bank -3.6% Kotak Bank -2.6% Bank of Baroda -7.5% PNB -6.05% J&K Bank -9.05% Union Bank -7.3% Bank of India -7% Karnataka Bank -6.8% Canara Bank -6%
Muthoot MicroFin to raise Rs50cr via three-year bonds CPs Cholamandalam, 3 months, 7.59% coupon, Rs1000cr SIDBI, 5 month, 7.47% coupon, Rs1700cr
11.04% coupon ICICI Home Finance to raise Rs150cr via five-year bonds SK Finance to raise Rs40cr via two-year bonds Kotak Mahindra Investments to raise: a.Rs25cr via three-year and three-month bonds b.Rs50cr via three-year and four-month zero-coupon bonds
[email protected] Bond mkt actions: short term rates remain elevated NCDs IREDA withdraws planned three-year bond issue IREDA takes Rs1500cr at 7.94% coupon via 10-year bonds HDFC ltd takes Rs3000cr at 7.69% coupon via 10-year bonds Akara Capital takes Rs18cr via 15-month bonds at
#3QWithCNBCTV18 [email protected]_Connect – NIM at all time low; arrests declining trend in yield Lower revolver rate is not good for any credit card player Over the last few qtrs, revolver rate of SBI card has declined from 45% as of Q1FY21 to 24% as of Q3FY23
[email protected] Stock price movement, post HDFC Bank numbers: @HDFC_Bank +5.9% @ICICIBank -0.46% Bank NIFTY +0.81%
#3QWithCNBCTV18 #UCOBank qtrly PAT is the highest in 29qtrs From reporting loss of Rs1497cr in Q3FY16 to PAT of Rs653cr in Q3FY23
@Reematendulkar asked IDBI Bank about write offs being high in Q3FY23 Answer is on recovery being within guidance: Recovery of Rs4000cr for the year is the target and we are on target (But why not speak about >Rs5000cr of qtrly write offs?)
@Reematendulkar is asking about write offs to IDBI Bank Answer is on recovery being within guidance: Recovery of Rs4000cr for the year is the target and we are on target (But why not speak about >Rs5000cr of qtrly write offs?)
TCFSL, 3 month, at 7.42% coupon, Rs450cr CANFIN Homes, 3 month, at 7.46% coupon, Rs500cr ICICI Sec, 3 month, at 7.55% coupon, Rs1500cr Axis Sec, 3 month, at 7.59% coupon, Rs100cr BGHPL, 3 month, at 7.83% coupon, Rs50cr HDFC ltd, 1 year, at 7.88% coupon, Rs100cr
[email protected] Bond mkt actions: 3M CP rates remain elevated NCDs IREDA to raise: a.Rs300cr via three-year bonds b.Rs300cr via 10-year bonds HDFC ltd to raise Rs3000cr via 10-year bonds ONGC petro additions withdraws planned reissue of 8.58% Nov 2029 bonds
#3QWithCNBCTV18 Karur Vysya Bank – 19qtr high NIM; asset quality improves due to high write offs 19 qtr high NIM of 4.32% vs 4.07%QOQ Deposits at Rs76715cr up 14.7%YOY & 4.2%QOQ Advances at Rs64507cr, up 15.6%YOY & 7.22%QOQ GNPA ratio at 2.66% vs 3.97%QOQ
#3QWithCNBCTV18 IDBI Bank – High write offs continue to aid GNPA improvement Write offs at Rs5622cr vs Rs5209cr QOQ Annualised slippage ratio at 2.7% vs 1.8%QOQ GNPA ratio at 13.8% vs 16.5%QOQ Deposits at Rs232671cr, up 4.5%YOY & 1%QOQ Advances at Rs148213cr, up 9.8%YOY & 1%QOQ
#3QWithCNBCTV18 Jammu & Kashmir Bank – Operationally strong qtr GNPA ratio at 7.25% vs 7.67%QOQ Deposits at Rs117935cr, up 7.9%YOY & 1.9%QOQ Advances at Rs77639cr, up 13.6%YOY & 4.14%QOQ NII at Rs1257.4cr vs Rs993.3cr, up 26.6%YOY & vs Rs1204.1cr, up 4.4%QOQ (aided by yields,
#3QWithCNBCTV18 Satin Creditcare – NIM & Credit cost go hand-in-hand GNPA ratio at 3.93% vs 3.96%QOQ Restructured book at 2.52% of loans vs 4.2%QOQ Disbursements at Rs1879cr, up 39.4%YOY & 10%QOQ Consol AUM at Rs7945cr, up 10.1%YOY & 4.9%QOQ NIM at 14.09% vs 10.82%YOY & vs
loans (lowest in 27qtrs) Some flaws: Deposit growth of 9.9%YOY is weakest in 7qtrs Slippages are elevated (There are one offs) Corporate loan growth has driven the overall loan growth Peers see ~4.5%QOQ or more growth in retail; Axis Bank retail loan growth at +1.4%QOQ
#3QWithCNBCTV18 [email protected]_in doesn't deny resignation of Mr. Suresh Iyer, Head of Operations, Housing Finance Mr Suresh had come to Bandhan Bank from Gruh Finance (post merger of gruh with bandhan) Do keep on radar: as to where Mr Suresh is headed to
One reading: Street rewarding banks with high deposit growth than high credit growth! (One exception: YES Bank.. its reaction is not to results)
HDFC ltd, 1 year, at 7.88% coupon, Rs275cr KMPL, 1 year, at 7.87% coupon, Rs200cr
Samvardhana Motherson International takes Rs450cr via three-year bonds at 8.15% coupon NIIF Infra Finance takes Rs684cr via five-year and one-month bonds at 7.98% coupon ONGC petro additions to raise Rs100cr via reissue of 8.58% Nov 2029 bonds
Principal Research Analyst, tracks BFSI at CNBC TV 18 Ex - Sell side analyst Views r personal RT aren't endorsements Comments aren't recommendations F1 fan
Followers: 42,463
Connect with us on social media
