Daily BriefsIndia

Daily Brief India: Home First Finance and more

In today’s briefing:

  • Home First Finance (HOMEFIRS IN) | Bounce Rate and Sales Pressure

Home First Finance (HOMEFIRS IN) | Bounce Rate and Sales Pressure

By Pranav Bhavsar

  • We interact with Home First Finance (HOMEFIRS IN)  branch managers to understand the reason behind the increase in bounce rates.
  • The overall NACH data also shows a high rejection rate in October despite being a festive month, which is surprising.
  • With 92% of Home First Finance (HOMEFIRS IN) loans being disbursed in less than 48 hours, this focus on TAT could lead to higher than industry-average asset quality issues. 

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