Specialist in Indian Banking and Economic Research

Hemindra Hazari

Is a Securities & Exchange Board of India (SEBI) registered research analyst with over 25 years experience in the Indian capital markets with a specialization in banking and economy research and has managerial experience of establishing profitable equities business, leading and mentoring analysts.  He has worked with prominent foreign and domestic capital market firms such as UBS, Societe Generale, HSBC, ASK Raymond James  and Karvy Stock  Broking and is a regular guest on business media channels and is respected for his non-consensus view on stocks and the market.

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Equity Bottom-Up

<ul>
<li>Issues with  HDFC Bank's Head-MSME statements which analysts and shareholders need to consider. </li>
<li>In MSME lending based on cash credit system verfication of stock statement is extremely important but there is no mention of it in his speech</li>
<li>HDFC Bank's MSME loans growing at a rapid pace but asset quality remain sound. It appears HDFC Bank's customers are very different as compared to the industry.</li>
</ul>


Issues with  HDFC Bank's Head-MSME statements which analysts and shareholders need to consider. 
In MSME lending based on cash credit system verfication of stock statement is extremely important but there is no mention of it in his speech
HDFC Bank's MSME loans growing at a rapid pace but asset quality remain sound. It appears HDFC Bank's customers are very different as compared to the industry.


The Puzzle of HDFC Bank’s Rapidly-Growing MSME Loans