Sr Research Analyst,. tracks BFSI at CNBC TV 18. Sell side analyst earlier. Views r personal. RT aren't endorsements. Comments aren't recommendations. F1 fan.
[email protected] Govt has announced upfront capitalization of PSU banks to the tune of `70,000 cr via bonds Capitalization of PSU banks show that IDBI Bank, Central Bank of India, Indian Overseas Bank, PNB & UCO Bank have their Tier I Ratio below 8.5%
[email protected] Bankers to @airindiain as per FY18 annual report ALBK Andhra Bk BOB BOI Canara Bk Central Bank of India Corp Bk Dena Bank FBK HDFC Bk IDBI Bk Indian Bk IOB IIB OBC PNB Punjab & Sindh Bank SBI Syndicate Bk UCO Bank United Bank of India Union Bank of India
[email protected] DLF says All material litigation disclosures had been made in the QIP The supreme court notice had come a month back Complain is about 5-6acre of land which is by a co. which is not DLF’s subsidiary
AnandRathi on Dilip Buildcon BUY TP `586 Board to consider asset monetisation Divestment of Wholly owned Subs Mgt had hinted at divesting its entire portolio of 12 new hybrid annuity assets in two tranches Equity requirement for the entire portfolio of 12 assets is est at `15.3bn
Nomura On #Financials ICICI & Axis Bank Are Our Preferred Picks See Value In SBI Cautious On Wholesale Asset NBFCs/HFCs See Some Value In The Top 2 HFCs & M&M FFin, Shriram trans Pecking Order Is Pvt Corp Bks > Select Insurers > Retail Bks > Retail Asset Refinanciers
Jefferies on #LICHousing BUY TP at `578 Stress Test Suggests Favorable Risk Reward LICHF is trading at 1.3-1.4x FY20 stressed BV; near FY13 valuation (avg 1.7x) Developer bk is < most peers Loan book CAGR of 14.5% over FY19-22E Expect NIM of 2.39%/2.38% for FY20 /21 vs 2.36% FY19
[email protected] LIC Housing Finance Book launched Size $200mn Equity Offered: Approx 3.37cr shares Price Range: `425.15 – `449.50 Disc 3-8.25% Seller - FMR (Fidelity Management & Research) 90 day lockup Sole Book runner: Goldman Sachs
[email protected] YTD NIFTY is up 0.5% BFSI stocks down >50% are: @RelianceCapital 82.5% @DHFL_India 81.7% @IIFLCorporate 77.5% @sreiofficial 70.7% @YESBANK 64.2% #IDBIBank 58.6% #IFCI 52.5% #LakshmiVilasBank 51.8%
One analyst tells me that in 2010 @YESBANK made a low of Rs. 200 (Adjusted 40 ) YES Bank has just touched 2013 lows
Jefferies On Pwr Fin Cos Higher Provision Seen For Both PFC & REC PFC Non-int inc to be boosted by dividend from REC Cut NIM est FY20/FY21 By 30 bps New Policy Initiatives Are -ve For Long-term NIMs ROE: B/n 15-16% For REC & 13-14% For PFC TP Chge PFC `94 vs `107 REC `126 vs `122
[email protected] Deepak Nitrite ICRA upgraded company's long-term rating from A+ to AA-; outlook stable (One of the rare instances these days that a rating agency upgrades its rating on a company)
Top shareholders in #CGPower YES Bank 12.79% HDFC MF 9.18% Aditya Birla MF 8.94% Franklin Templeton 3.19% LIC 2.25% Reliance Cap 2.03% IDFC Sterling Fund 1.53%
Bankers to #CGPower as per FY18 annual report STATE BANK OF INDIA AXIS BANK BANK OF MAHARASHTRA CORPORATION BANK CANARA BANK ICICI BANK IDBI BANK STANDARD CHARTERED BANK YES BANK BARCLAYS BANK INDUSIND BANK
[email protected] @YESBANK holds 12.79% in #CGPower
One thought RBI is against banks having subs, understood, as RBI intends to have a proper hold co structure Can this impact the listing of subsidiaries of many banks? Eg: Listing of HDB Financial; listing of SBI's credit card & gen insurance biz as well as Pru MF from ICICI?
CLSA on #Financials ICICI, Kotak, HDFC Ltd & life insurers outperform Earnings rebound, but less than expected Healthy growth in optg profits NBFCs’ polarising performance; non-lending financials outperform Top pick: @ICICIBank @MyIndusIndBank @HomeLoansByHDFC & @ICICILombard
[email protected] @RBI says: Will take steps to formalize linking of product (bank’s) rates with external benchmark rates (repo rate) My view: We don't have a permanent benchmark rate in India! Every few years, I see the benchmark rate (product to which it is marked) change!
[email protected] Dharmesh Mehta along with other investors acquires e 100% equity stake of #IDFCSecurities Limited from IDFC FHCL. The necessary definitive agreement'll be signed shortly. The said transaction will conclude on the receipt of the requisite regulatory approvals
[email protected] @ibhomeloans Moody's downgrades Indiabulls Housing Finance ratings; change the outlook to negative Progress in improving the quality of its liquid assets has been slower than what was anticipated by Moody's The tight funding conditions may persist for some time
[email protected] CARE on J&K Bank Places Lower Tier II bonds worth `600cr under Credit Watch with Negative Implications Reason: abrogation of special status granted to the state of Jammu and Kashmir (J&K) under Article 370 and Article 35A