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.
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[email protected] Lakshmi Vilas Bk to be merged with DBS Bank India effective Nov 27, 2020 Lakshmi Vilas Bank's shares to be written off, de-listed from Friday
@ICICIPruLife BUY TP Rs560 Expanding distribution-bank tie-ups, rising from 6 a few years back to 19 now Other tie-ups from 250 to 600 Weak Ulips & adjustment on Par products will drag growth till 4Q ICICI Pru Life has lagged behind peers on premiums (retail premium is -36%YTD)
Axis Cap on Cholamandalam Conference takeaways Oct collections at 103% vs 87% in Sept Nov - till date collections are better than Oct No incremental covid-19 prov needed 1% of AUM can go for restructuring COF to moderate from current levels Opex to AUM at 2.1-2.4% vs 3% earlier
[email protected] Price alert: Indian Overseas Bank up 14% At 52 week high @HDFC_Bank Cholamandalam Invt Sundaram Finance
Secondary mkt actions: Vodafone Idea 8.03% coupon, unsecured NCD of 5yrs tenor, traded at 27% INDUSIND Bank 10.5% coupon, unsecured NCD, traded at 12% Shriram Transport 9% coupon, unsecured NCD of 10yrs tenor, traded at 11.94%
Volkswagen Finance India Unit to raise funds via three-month CP at 3.26% coupon Cholamandalam Investment to raise funds via five-month CP at 3.75% coupon HDFC to raise funds via five-month CP at 3.56% coupon
CPs SBI Cards to raise funds via intra-month CP at 3.07% coupon Reliance Industries to raise funds via three-month CP at 3.06% coupon Aditya Birla Finance to raise funds via three-month CP at 3.25% coupon ICICI Securities to raise funds via three-month CP at 3.25% coupon
L&T Infra Debt Fund takes Rs50cr at 7.95%, 15yr bond Cholamandalam Invt takes Rs465cr at 5.45%, 2yr bond Muthoot MFI takes Rs45cr at 11.4%, 3yr 6mth bonds Raymond to raise Rs40cr at 8.85%, 3yr bond IIFL Fin to raise Rs25cr, 18mth bond IRFC to raise funds via 20yr bonds
[email protected] Bond mkt actions Key highlights Vodafone Idea paper trades at 27% RIL (sets record) by intending to raise 3M money at 3.06% NCDs Union Bank of India takes Rs1000cr at 7.18%, 15yr Tier II Bonds NABARD takes Rs2792cr at 6.42%, 10yr govt serviced bonds
[email protected] @TheMuthootGroup's request for a NOC wasn't acceded to by the @RBI due to: “The activity of sponsoring a Mutual Fund or owning an Asset Management Company is not in consonance with the activity of an operating NBFC." Alert: Muthoot Finance intended to buy IDBI MF
[email protected] It took 14 sessions for #NIFTY to move from 12000 to 13000, 8% gain Most of the gains were from financials with @HDFC_Bank & @KotakBankLtd are now at 52 week high
BHEL to raise funds via three-month CP at 3.20% coupon ICICI Securities to raise funds via 3-month CP at 3.20% coupon L&T Infra Finance to raise funds via five-month CP at 3.75% coupon
L&T Infra debt to raise Rs50cr at 7.955, 15yr bond Kotak Mah Prime to raise Rs100cr, 18mth bond Muthoot MFI to raise Rs45cr. 3yr 6mth bond CPs Ultratech Cement to raise funds via three-month CP at 3.04% coupon Sundaram Finance to raise funds via three-month CP at 3.17% coupon
Wow.. NBFCs dont want to apply for banking license!! Sundaram Fin (AUM size also doesn't fit) IIFL Shriram Transport What's keeping them away? Only high cost and SLR & CRR requisites or is it more to read between the lines as they wanted the license few years back!!
In Focus: IndusInd Bank RBL Bank Ujjivan DCB Bank Equitas Cholamandalam IDFC Ltd Bajaj Finserv Bajaj Finance Bandhan HDFC Bank HDFC Ltd
Axis Bank is their primary bank
Union Bank of India to raise funds via 15yr Tier II bonds this week COMMERCIAL PAPERS: Chennai Petroleum Corp to raise funds via two-week CP at 2.80% coupon Tata Power to raise funds via three-month CP at 3.12% coupon Exim Bank to raise funds via seven-month CP at 3.40% coupon
Cholamandalam Invt to raise Rs200cr, 2yr bonds Kotak Mah Prime to raise Rs350 cr, 2yr 11mth bonds Ramci Cement takes Rs195cr at 5.5%, 3yr 6mths bond ICICI Home Fin takes: Rs150cr at 6.18%, 4yr 6mth bond Rs10cr at 7.07%, 10 yr bond
[email protected] Bond mkt actions Key highlights Tata power to raise 3M money at 3.12% HDFC Ltd to raise 5yr money at 5.78% NCDs SBI takes Rs2500cr, 7.73% coupon, perpetual bonds HDFC Ltd to raise Rs3000cr, 5 yr bond at 5.78% NABARD to raise Rs2792 cr, 10yr Govt-serviced bonds
CLSA on Hold co discount for banks IDFC, Ujjivan and Equitas The NOFHC licensing structure has led to dual listing of both the holding co. & the bank Exiting from NOFHC structure will imply that these co's can amalgamate as one & hence the holdco discount will narrow materially
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.
Followers: 20,954
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