Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: A-602, Titanium Business Park, Makarba, Ahmedabad - 380051 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

Indian NBFCs: Co-Lending Seems to Be Gaining Traction - Indiabulls/HDFC New Partners in Town

Edelweiss: Minimal Provisioning in Q1FY22 in Line with Our Expectation

Edelweiss: Very Well Capitalized and On the Path to Profitability and Growth

Edelweiss Financial Services – The Whole Package

Equity Bottom-Up

Edelweiss Financial Services / Equity Bottom-Up

<p>We have highlighted across our prior insights that <a href="https://www.smartkarma.com/entities/edelweiss-financial-services-ltd" target="_blank" data-smartkarma-citation="entities:15015:1" rel="noopener">Edelweiss Financial Services (EDEL IN)</a> is shifting its credit business towards a co-lending model as part of its broader shift to a fee based business model from a fund based business model.</p>
<p>In the upcoming reform agenda for PSBs under EASE 4.0 program, there is likely to be a push towards co-lending as per <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-to-push-co-lending-with-nbfcs-digital-agri-financing/articleshow/82021101.cms" target="_blank" rel="noopener">media sources</a>. Edelweiss, who has already partnered with various government-owned banks (public-sector banks or PSBs), is well-positioned to benefit from this.</p>

We have highlighted across our prior insights that Edelweiss Financial Services (EDEL IN) is shifting its credit business towards a co-lending model as part of its broader shift to a fee based business model from a fund based business model.
In the upcoming reform agenda for PSBs under EASE 4.0 program, there is likely to be a push towards co-lending as per media sources. Edelweiss, who has already partnered with various government-owned banks (public-sector banks or PSBs), is well-positioned to benefit from this.

Edelweiss: A Beneficiary of Potentially Increased Adoption of Co-Lending by PSBs