Ujjivan Small Finance Bank Ltd. - Strong Quarter, Growth Visibility Strong!
NII growth was strong by 36/6% YoY led by strong advances growth, even as margins contracted by ~85/30bps YoY/QoQ and stood at 9.1%.
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Leveraged Financials: ‘Pause and Effect’ - interesting trade-offs ahead
As banks and NBFCs navigate the growth-margin trade-off, we argue that the combination of lower growth and lower spreads is not priced into valuations
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Bfsi Q4fy23 Result Preview – yet Another Strong Quarter!
We expect the banks under our coverage to mirror the strong systemic credit growth, thereby delivering a robust ~17% YoY credit growth in Q4FY23.
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Housing Finance: New market structures open up investment universe
India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...
496 Views
Ujjivan SFB- Targeting Sustainable RoA of 2.5%, Growth Opportunities Aplenty!
The bank is currently transitioning from the informal segment to the semi-formal/formal segment of customers, thereby keeping growth in the secured...
360 Views