External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Bajaj Finance (BAF) ended its eight-year-long co-branded credit card partnership with RBL, as per exchange filing (Link).</li><li>We believe the possible factors behind the end of this partnership include: 1) BAF’s decision to exit the cobranded credit card business given the role of the originator being restricted to only marketing and distribution, without customer ownership.</li><li>2) BAF’s strategy to diversify its fee income pool by reducing over-reliance on credit card fees.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Bajaj Finance (BAF) ended its eight-year-long co-branded credit card partnership with RBL, as per exchange filing (Link).We believe the possible factors behind the end of this partnership include: 1) BAF’s decision to exit the cobranded credit card business given the role of the originator being restricted to only marketing and distribution, without customer ownership.2) BAF’s strategy to diversify its fee income pool by reducing over-reliance on credit card fees.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance - RBL Co-Branded Credit Card Alliance Ceases: Negligible Earnings Impact

Bajaj Finance Ltd

Bajaj Finance - RBL Co-Branded Credit Card Alliance Ceases: Negligible Earnings Impact