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

RBI Policy Bazooka 2.0: Strong Support for Indian NBFCs

The RBI Policy Bazooka: A Comprehensive Policy Move to Fight the COVID-19 Pandemic

RBI Policy Update: A Boost For Indian Financials

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

As follow-up to our prior insight <a href="https://www.smartkarma.com/insights/rbi-policy-bazooka-2-0-strong-support-for-indian-nbfcs" target="_blank" data-smartkarma-citation="insights:38505" rel="noopener">RBI Policy Bazooka 2.0: Strong Support for Indian NBFCs</a>, where we discussed briefly the "NPA classification relief" announced by RBI in its policy announcement on Apr 17, below we highlight the key interpretations from the detailed asset classification and provisioning guidelines rolled out by RBI later that evening.
RBI in its detailed guidelines elaborated on the 10% provisioning requirement for accounts where moratorium relief is being given. Below, we also attempt to quantify the impact of this additional provisioning requirement on the profitability of banks and NBFCs.

As follow-up to our prior insight RBI Policy Bazooka 2.0: Strong Support for Indian NBFCs, where we discussed briefly the "NPA classification relief" announced by RBI in its policy announcement on Apr 17, below we highlight the key interpretations from the detailed asset classification and provisioning guidelines rolled out by RBI later that evening.
RBI in its detailed guidelines elaborated on the 10% provisioning requirement for accounts where moratorium relief is being given. Below, we also attempt to quantify the impact of this additional provisioning requirement on the profitability of banks and NBFCs.

Profitability Impact from RBI's Additional Provisioning Norms