Stockrabit · Analysts
Questions across 22 calls

Abhishek Murarka

HSBC

Bank of Maharashtra

HDFC Bank Limited

HDFC Bank Limited CC-Apr26.pdf · 2026-04-18
Hi, good evening. Thanks for taking my question. So I had a question on the third-party distribution fee. Actually, if I look at it on a full year basis, the growth has been hardly 3.5%. And this is lagging the overall customer growth. This is also , when you compare it to the retail asset, retail liability fee growth, this is lagging quite a bit. So what is really leading to this? Is it just a slowdown or cross-sell has become more difficult or refocusing on some products? What's really leading to this lower growth in this line? That's point number, question number one, sorry. The other one is on margins. So you said that there's some repricing of TDs left, which should be positive. But on the other side, the loan mix is gradually changing more towards corporate. How should we look at margins from here for, let's say, the next year? Does it trend down? Or does it flatten out?
So Srini, on the mix, so lower life sales, is it? And is that like temporary? Or is some change in process or something which has led to it or is it just coincidental and nothing really to read into it? How do we look at it?
HDFC Bank Limited CC-Jan26.pdf · 2026-01-17
So Srini, going back to the branch addition question, and thanks for giving so much color. But just net-net, are you still looking to grow or add about 5%, 7% branches this year and in FY'27, or what are your near-term plans? I understand the whole picture you painted about the scale-up of old branches and how that will accelerate deposits. I just want to know your next 1-year plans in terms of branch addition?
Sure. So Sashi, as I understand, that's a great point for making that point. So today, about 50% of branches, which is this 4,800 is contributing around 20% of incremental deposits. Is it correct to Classification - Internal think that when this starts contributing maybe 40%, 50% of incremental deposits, that is when you start thinking about future expansion. Is that the right way to think about it?
HDFC Bank Limited CC-Oct25.pdf · 2025-10-18
So, I have a couple of questions on some of the individual loan segments. First is on personal loans. Do you think all the parameters are now green and you can accelerate, is the risk appetite much better now versus earlier? And rather to accelerate, do you ne ed to loosen any of the tighter underwriting norms you would have adopted after November'23 circular a couple of years back? Is that a requirement or even with the current norms, you can sort of accelerate? So, just some sense there on how you are looking at growth and revival ? The second one is on home loans. Now I think you all made very valid points about the product itself and the importance of the product for the franchise , but if I look at the overall growth, you are still 300 bps below the industry growth. I understand maybe it was due to the fact that the period was such where margins were under pressure and maybe you wanted to trade that off. But now going forward, do you see that accelerating again, and enough risk-adjusted returns there to grow at least at par with the industry? And the third is on gold. What are the yields right now? You are growing 5%, 6% QoQ for several quarters over there , is that still lucrative from a return and margin perspective? Are you seeing some yield pressure there? So, just these three things if you could talk a little bit about?
Yes. I just had a very quick follow-up here. Is the pragmatism on pricing returning? Or is it just still quite competitive and still not the right time to press the pedal?
HDFC Bank Limited CC-Jun25.pdf · 2025-07-19
Hi, good evening and thanks for taking my question. Sashi, you said that there's a bit of a breather in CD ratio in the system and liquidity in response to one of the questions earlier. I just wanted to check from a CD ratio perspective now where would the comfort zone lie? Earlier, I believe it was somewhere between 85 and 90. But now in the new scheme of things, better liquidity, system looking at growth revival, would you be comfortable with a relatively higher CD ratio?
Yes, Srini, the thought was that actually with now a little bit of leeway, if you target something a little higher than 87, 90, then you can actually grow a little faster as well and use all the deposits that are coming in because at a headline level, you're getting great deposit market share incrementally. So that's what I was thinking. Is that an opportunity now?

Bajaj Finance Limited

Bajaj Finance Limited CC-Feb26.pdf · 2026-02-03
Yes, good evening. And thanks for the opportunity. So , two questions. One, just on cost of funds, can you talk about how much scope is there for it to come down further? There would be some back book repricing left or largely it's pass-through? So, the second one was on vehicle finance specifically. Now your disbursement market share, etcetera, is quite low across used car, new car, tractors, all of that. Just from maybe two-year perspective, do you have like an AUM target in mind or size or scale i n mind or disbursement market share in mind, something from the point of view of how it can accelerate or grow from here? And the second thing is broadly, if we look at vehicle finance across the industry, the ROAs are lower than what you make on a consol basis. So , if you're going to grow faster in vehicle finance, how do you propose to offset the ROA impact in the whole book from this? So just wanted to get some sense of your plans in that.
If you're targeting a profitability metric, it's more ROE than ROA.

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Jan26.pdf · 2026-01-24
Hi. Good evening. So, my first question is on loan growth and specifically just coming to credit cards. This quarter we have seen, at least in the RBI data that came out, that a lot of other smaller banks have started increasing thei r card issuances. What seems to be holding you back in terms of card issuances and spend pickup?
So, it's probably more a matter of time that all these steps that you have taken, they'll start building up and we start seeing some traction, maybe 1 or 2 quarters down the line in this portfolio?
Kotak Mahindra Bank Limited CC-Mar24.pdf · 2024-05-04
Sir, I just wanted to talk about customer acquisition that you were doing through 811. And when I look at your numbers from last year, FY23, you acquired I think 8.5 million customers, FY24, you acquired around 8.8 and about 70% -75% of these would have been through 811 now that you can't , that 60 lakh customer base that you are getting and now you are not going to be able to get it, how are you looking to continue to acquire as many of those as possible? That is point one? Point two, to attract them will you have t o increase your term deposit rates more than competition? Or when those transactions are going to branches for onboarding, will you have to staff your branches with more people and will this push up OPEX? So, that is what I wanted to understand around the customer acquisition that you will foregoing by not having this 811 product for some time?
Shanti, just a quick follow up, would you have to increase the capacity of branches because more of these transactions will now have to be executed at the branch rather than on the app or on the mobile?

IndusInd Bank Limited

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-Nov25.pdf · 2025-10-28
Actually, my question was pretty much just answered by Nilesh that the second half should still see the 4.5% ROA achievement, which you had guided for last quarter. That's just sort of reconfirming this.
Okay. Because your cost of borrowing should also fall quite a bit because your marginal cost is nearly 70 basis points below your weighted average, plus your yield is improving 30, 40 bps plus the interest reversal almost accounts for 140 bps of yield. So even if that were to come down, you would get a fair bit of release over there. I thought that it would still be enough to sort of counter your 70, 80 bps or 90 bps higher credit cost. Don't you think that...?
CREDITACCESS GRAMEEN LIMITED CC-Dec23.pdf · 2024-01-19
Good evening sir. Congratulations for the quarter again. So can you talk a little bit about the borrowing? So, you had been bringing down your bank borrowings for a while. And again, this quarter, we've seen a bit of an increase, especially in light of the fact that this is the quarter where probably there would have been an increase in the cost as well because of the RBI circular. And also, your marginal cost is now almost equal to your outstanding book cost, and it is inching up. So how do you see that? Can you just talk a little bit about what's the policy and strategy here?
Actually, I think it has gone up, right? Sequentially, the absolute amount has gone up, I think?

Bajaj Housing Finance Limited

Axis Bank Limited

Axis Bank Limited CC-Dec24.pdf · 2025-01-16
So, two questions. So, first is just sort of continuation on the deposit growth question. So, now do we think that in search for quality, we have over -calibrated because now it's becoming a bit of a constraint to overall loan growth? So, do you think it's time maybe to rely on pricing or to try something else to get the headline or the period and growth at higher than industry? And how much of a constraint or how do you plan to get LDR lower? Because even if we think of a system level deposit growth next year, that would mean that at best we will do similar amount of loan growth. So, how do we plan to address this LDR constraint? So, that's point one. The second question is on asset quality. Can you talk a little bit about the forward growth or delinquencies in unsecured, especially PL cards, business loans? Are those still increasing? Have they plateaued? Are you doing any kind of recovery and therefo re how to read the delinquency and provisioning trends in the next two, three quarters? So, yes, those are my two questions.
Sir, on the LDR constraint?

IIFL Finance Limited

IIFL Finance Limited CC-Mar24.pdf · 2024-06-18
So my question's on the standalone business. So in the period where there's a contraction in gold loans and you can't disburse, you'll still be maintaining the infrastructure, the people, branches, all of that. So that cost will obviously stay on the book. So is there any alternate business that you are planning to do in the meanwhile? Or just how do you plan to use that infrastructure? Or did you just maintain it and wait for the approval from the RBI? What's the strategy there?
I was thinking of something like sourcing the gold loan for a bank where you can keep using your customer and you're not deploying anything to the bank.

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Mar24.pdf · 2024-04-26
Hi, good evening. I just wanted to understand that you've been saying that you've been reducing limits of, let's say, 1.5 lakh accounts last quarter and so on. Can you help me understand what - - maybe 1 or 2 attributes that you observed, which gives the trigger for you to cut back on limits. So how do you go back identify that, let's say, for somebody who's been given a card 12 months back or 15 months...
And to get this data apart from the transaction data, which of course you get automatically, but to get the other data of leverage, et cetera., how often do you have to hit the Bureau, or maybe do you have to ask the customer for consent? How does that work?

Cholamandalam Investment and Finance Company Limited