Questions across 84 calls

Abhijit Tibrewal

Motilal Oswal

PNB Housing Finance Limited

PNB Housing Finance Limited CC-Sep23.pdf · 2023-10-23

Yes. Good evening everyone. Just following up from the last par ticipant. Your gu idance of 17%-18% loan growth is on retail, right, not on…

Yes, right, sir. Sir, the other thing is, again, coming back to that write -off that we have done. So, it seems like -- I mean, excluding this one corporate account that we have resolved, the gross stage III has come down by about INR 400 crores, excluding that corporate account. And out of that, we've taken around INR 320 crores of write-offs in retail. So, if you could just explain this part a little better that whatever releases we had from the corporate NPA account, almost INR 200 crores of releases is what I see. How did we kind of -- because this -- I mean one would have thought, we will want to increase the provisioning cover on your maybe retail loans. But contrary to that, we've chosen to kind of write -off. So, if you could just explain the thought process behind that?

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-Sep23.pdf · 2023-10-20

Sir just two to three questions, first thing this insurance distribution income that is reported is much higher than in the past few quarters just wanted to understand are there any things which have got bumped up and kind of there in this quarter some income which were there for earlier quarters and in the previous quarter or is this now going to be a steady state run rate in insurance distribution income. If that is the case what has kind of led to this amount of quarterly insurance distribution?

This is exactly what I was kind of trying to understand so out o f this INR 50 Crore we have reported insurance d istribution income you suggested INR 8 Crore was accrued from the first quarter.

IIFL Finance Limited

IIFL Finance Limited CC-Sep23.pdf · 2023-10-19

Sir, the first question again and I have two question one on gold loans, the other one on home loans both pertains to s trong growth that we're seeing in both the segments, just wanted to understand first on gold loans, what would you attribute this strong momentum in gold loan growth? Is it predominantly the distribution that we have built or would you kind of attributed to the fact that you're also doing fair amount of co -lending in gold loans which perhaps allows you to offer very attractively priced gold loans to customers despite being in NBFC. So, if you could just help us understand that while I mean checks seem to suggest that…

And a similar question on home loans as well, different industry experts kind of seem to suggest that there is some slowdown that we're seeing in urban affordable housing in ticket sizes between 15 lakhs to 25 lakhs , 15 lakhs to 30 lakhs there about some slow down being seen, different reasons being sighted, some of them say that there is a supply constraint which is there when the CLSS was withdrawn for the developer community. But if I kind of look at our home loan franchise, it continues to do very well, continues to grow from strength-to-strength. Do you think it is predominantly our business model as I understand it also leverages these developer APFs extensively, which most other at least listed HFCs don't. Do you think that is a moat that we have kind of built in our home loan franchise today which is helping us when there is a more of a narrative of a slowdown that we're seeing in smaller ticket market?

Can Fin Homes Limited

Can Fin Homes Limited CC-Sep23.pdf · 2023-10-18

I think you have answered most of the questions that I'm about to ask but asking them again just for better understanding. Sir, I mean, lot many people today asked what led to slightly muted disbursements. You explained it by saying that somewhere tow ards the end of July, we came across frauds in the Ambala branch. But sir, when we kind of look at or when we kind of speak to your peer set, there is a definite acknowledgment of a demand slowdown that you also talked about in slightly lower ticket sizes, I would say, INR15 lakhs to INR25 lakhs, probably an outcome of the withdrawal of the CLSS subsidy. So for you, in particular, disbursements slightly lower than maybe even your expectations, most predominantly because of the distraction, which was there b ecause of frauds which were subsequent process, fixing, employee training, branch trainings? Or would you attribute it to weaker demand? And so my related question here, is the demand genuinely weak or is it that a particular bank or an NBFC is wholly agg ressive in mortgages and which is kind of leading to weaker demand environment for the other players?

Sir, the second question that I had was on NIMs, again, you've commented extensively on that, that to spur growth, we are okay compromising margins and spread as long as they remain above your guidance of 2.5% spreads and 3.5% margins. But sir, the way I look at it the third quarter you have a couple of levers, like you said, almost INR6,500 crores kind of got repriced in the second quarter. The full benefit of that you will get in the third quarter another INR6,000 crores will probably get repriced in the third qua rter. The full benefit of that you will get in the fourth quarter. But having said that, like you said, in the festive period, you are offering loans below 9% for new customers, for the existing customers it's 9.6%. At the same time, because you will be working under APF developer tie-ups to spur growth in higher ticket sizes, quite naturally, you need to be aggressive because you will be competing with banks in those ticket sizes. But net - net, is it right to conclude that from here on, versus what you repo rted in Q2, we should see margins moderate and which we also aid your disbursements. Like you said, you're targeting almost INR3,000 crores each in 3Q and 4Q.