Navigating MFI Consumer Credit Exuberance - A Rocky Road Head
Insight on challenges facing MFI-focused lenders, with stocks down 45% and negative returns of -37% YTD. Key names to watch include CREDAG,...
288 Views
IndusInd Bank - Weak Quarter; Steering Through Near-Term Challenges
IndusInd Bank (IIB)’s PAT declined 40% YoY/ 39% QoQ at ~INR13.3b (17% miss adjusted for contingent provision of INR5.25b). NII grew 5% YoY to...
134 Views
IndusInd Bank - Some Stress and Some Prudency Suppress Earnings
IndusInd Bank (IIB) reported a sharp 42% earnings miss in 2Q with PAT/RoA at Rs13.3bn/1%, mainly due to slower credit growth (13% YoY), lower fees...
163 Views
IndusInd Bank - Modest Quarter; Guides a Robust Growth Outlook
IndusInd Bank (IIB) posted a 1QFY25 PAT of ~INR21.7b (7% miss) due to modest revenue growth. NII grew 11% YoY to INR54.1b (3% miss) and other...
130 Views
Indian Banks Screener FYE24, Part 2: Bandhan and UBI added to the buy list
We add value plays Bandhan and UBI to the buy list alongside HDFC Bank and Baroda, turning neutral from negative on SBI. Bandhan is our core Indian...
454 Views