India Channel Insight #22 | Bandhan Bank, AU Bank, Manappuram
We interact with four DSC managers of Bandhan Bank, two managers of AU Bank and Manappuram Finance to understand the collection and loan growth...
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Manappuram Finance: Gold Loan Growth Picks Up Albeit With Pressure on Margins
However, on attractive valuations and improved growth prospects, we revise our rating from HOLD to BUY with a target price of Rs 230 (1.5x FY24E ABV).
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Trading off margin and spreads for Gold loan growth
PPOP (7% miss) declined by 8% YoY and 15% QoQ to INR6b. Credit costs remained elevated in the MFI subsidiary due to the impact of the second COVID...
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HDFC Ltd. – In the Land of The Blind
HDFC: HDFC reported a QOQ FY 2Q22 results increase of 35.5%, as management pulled on every earnings lever. Net new NPLs increased 51.1% annualized,...
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LIC Housing Finance – No NCOs Whatsoever?
LIC HOUSING: LIC reported a QOQ FY 2Q22 bottom-line increase of 61.6%, driven by a loss provision cut. Oddly, LIC had zero NCOs and negative loan...
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