Stockrabit · Analysts
Questions across 7 calls

Gao Zhixuan

Schonfeld

IDFC First Bank Limited

IDFC First Bank Limited CC-Dec24.pdf · 2025-01-25
Congratulations on a good quarter. Just on the MFI, do you mind shar ing with us your outlook because the SMA-1 plus 2 seems to have increased sequentially more than what we have seen in some peers. So do you mind sharing with us what kind of credit costs are we expecting in the next 1, 2 quarters? And also on the overall credit cost, how are we thinking about FY 25 because our previous guidance is, I think, 225 basis points. And just look at 9 months, I don't know whether that still stands. That would be my first question.
And my second question is on the 14 -odd percent revenue growth estimate for FY 26. Do you mind sharing with us what's the breakup in terms of the loan growth that we are expecting to do and also the margin outlook? But it seems that the strategy for now seems to have changed to grow more corporates in the last 1, 2 quarters. So how should we think about ma rgins and loan growth?
IDFC First Bank Limited CC-Sep24.pdf · 2024-10-26
So, just on the excluding microfinance and total credit cost of 180 basis points, just want to understand as you kindly provided SMA data, other segment data seems to be stable , but back in March 24, we are guiding for FY25 credit cost of 165 basis points, but even excluding microfinance, we are running at 180 basis points. So, which segments that is kind of deviating from your earlier expectation and how should we think about it going forward because our guidance for now is in the second-half for the ex- microfinance book should be better than the 180 basis points. Just want to understand how con fident are we on this guidance in this very challenging kind of evolving macro environment situation?
Just a quick one on the thinking on the next capital raise, because the industry challenges is kind of hitting profitability and the capital consumption, if we continue to grow at 20% seems to be a bit higher than expected. So, how should we think about the timing of the capital raise and also the CET1 level that we are comfortable holding?

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Sep24.pdf · 2024-10-22
Thank you for the opportunity. Just following up on the growth side i f we still expect flattish to maybe single -digit growth for this year. What's your best guess when we will start to see revival of growth towards the, let's say, double-digit or even mid-teens level because if we sustain at single -digit level, the book growth by sometimes first half next year could come down quite rapidly. So I just wanted to understand, do you have any visibility on the growth revival?
Got it, sir. And next one is a bit of a medium -term question on the credit cost. I understand that in the interim, we have coverage reversals as reason of a good improvement on the loss ratio. But at some point, of time, the coverage ratio will normalize and the credit cost going forward should trend more similar to our net slippages, which obviously this year doesn't seem to be coming down versus last year, so how should we think about the medium-term credit costs? And, do we expect the medium-term slippages to be much lower? And is there a better industry cycle or we have material plans or structural improvement on our end?

RBL Bank Limited

RBL Bank Limited CC-Sep24.pdf · 2024-10-19
Hi, thank you for the opportunity. Just some data keeping question. So, for the INR618 crores of provision charges in the P&L, do you mind breaking out into what's the provision in NPA? What’s the standard asset provision? And are there any changes in any other form of provisions being on investment, etcetera?
Got it. Understand. And can I have your MFI provisioning policy , please, i.e., a 90 -day, how much percentage is provided? And by how many days is 100% provided, please?

Muthoot Finance Limited

Aadhar Housing Finance Limited

SBI Cards and Payment Services Limited