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...
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IndusInd Bank- RBI's Decision May Not Be a Red Flag
Shortening of tenures by the RBI have been common for BFSIs. The move does not explicitly indicate any fundamental deficiency which is why...
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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...
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Fusion Micro Finance IPO Trading - Weak Demand Seems Justified
Fusion Micro Finance Ltd (1053199D IN) raised approximately US$134m in its India IPO. In this note, we talk about the demand for the deal and the...
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