Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

<ul><li>With the Reserve Bank of India, or RBI, dishing out bank licences, the question is: Who will win the race?</li><li>We believe there is enough room for everyone to grow, although the survivors will be the most cost-efficient banks.</li><li>We anticipate that the Indian banks with narrow moat ratings will continue generating returns above their cost of equity for the next decade, as these banks retain their floats and moats.</li><li>Weaker public sector banks, however, will feel the squeeze as they scramble to improve loan quality and find cheaper client-serving methods in an increasingly cost-competitive banking environment.</li><li>With the increase in cashless payments, each customer will leave a digital trail that can be tapped when making loans in the future.</li></ul><p>Analyst: Suruchi Jain</p><p>Full report below the fold...</p>

With the Reserve Bank of India, or RBI, dishing out bank licences, the question is: Who will win the race?We believe there is enough room for everyone to grow, although the survivors will be the most cost-efficient banks.We anticipate that the Indian banks with narrow moat ratings will continue generating returns above their cost of equity for the next decade, as these banks retain their floats and moats.Weaker public sector banks, however, will feel the squeeze as they scramble to improve loan quality and find cheaper client-serving methods in an increasingly cost-competitive banking environment.With the increase in cashless payments, each customer will leave a digital trail that can be tapped when making loans in the future.Analyst: Suruchi JainFull report below the fold...

With the RBI, Dishing out Bank Licences, the question is: Who will Win the Race ?

Kotak Mahindra Bank

With the RBI, Dishing out Bank Licences, the question is: Who will Win the Race ?