Stockrabit · Analysts
Questions across 100 calls

Kunal Shah

Citigroup

HDFC Bank Limited

HDFC Bank Limited CC-Jan26.pdf · 2026-01-17
Yes. So again, getting on to the question on LDR and deposit growth in particular. So if we want to get the LDRs down and still want to grow loans above the industry average comfortably, then we need to see the acceleration in the deposit growth. And you said like pillars which are required Classification - Internal are very much in place. So, any reason maybe for a slightly slower deposit growth this quarter? Otherwise, we will need like almost 500, 600 basis points higher than the industry average deposit growth now to get the LDRs down. And any rundown in the bulk deposits, which have been there in this quarter? And if you can quantify that?
Sure. And anything on bulk deposits rundown, quantification, if possible? Classification - Internal

HDB Financial Services Limited

HDB Financial Services Limited CC-Jan26.pdf · 2026-01-14
Yes. Hi, thanks for taking the question. So, a couple of ones. So, in terms of the average ticket size, when we look at it, in fact it's still going up compared to where we were in 2Q, particularly on Autos as well as 2-wheelers. So, maybe from 433, it's going up by a percent and 2-wheelers is going up by almost like 3%, 4% compared to where we were in 2Q. So, this is despite maybe the price cuts, which would have been there because of GST. So, how should we look at it? Maybe is it like a premiumisation or focus on a higher ticket vehicle, which is leading to a higher ATS?
ATS is on account of new.

Aavas Financiers Limited

Aavas Financiers Limited CC-Jun25.pdf · 2025-08-12
So firstly, in respect to disbursements, so you indicated because of change in the recognition, the way now we are doing it with the credit to the customers. So, would this have the recurring effect over the next 2, 3 quarters and for the entire fiscal as well or do we expect that whatever business maybe we were not able to book it in 1Q, that would happen in 2Q and 3Q, and we could see a relatively higher run rate of disbursements over the next 2 quarters? And just to clarify, this 18% to 20%, which you highlighted for FY26, that was with respect to disbursement growth or AUM growth?
So, when you say like July disbursements are growing at 16-odd percent. So, what is the run rate now in terms of the absolute number?

Bajaj Finance Limited

Bajaj Finance Limited CC-Nov25.pdf · 2025-11-10
Rajeev, so firstly, with respect to growth, you indicated mortgages and SME growing slightly slower. But again, at the same point in time, festive appears to be quite strong and everyone seems to be quite constructive on the growth. So are there any other segments which you would be worried about in terms of like pulling back on the growth side because new businesses are also scaling up well? Or it is only on account of these 2 product segments that we are revising the guidance lower?
Okay. And in fact, now rural B2C would also start given that now it's starting into green, so that will also contribute to the overall growth?

Aadhar Housing Finance Limited

Aptus Value Housing Finance India Limited

Aptus Value Housing Finance India Limited CC-Nov25.pdf · 2025-11-01
So firstly, on growth side, so now eventually, we have seen AUM growth being at almost 22 - odd percent. And the asking run rate for what you have been guiding in terms of more than 25%, it really calls for maybe the uptick on the disbursement side on an ave rage to, say, when you look at it, like almost like 30%, 40% higher than where we are in Q2. So firstly, maybe what is leading to that maybe the overall repayment run rate has been quite volatile over the past couple of quarters. It has gone up again in this quarter. And how will we push towards the disbursements to get to more than 25% AUM growth run rate, yes?
Sure. And volatility in repayment rates over past -- maybe this quarter, it was higher. So have we seen a slightly higher BT outs?
Aptus Value Housing Finance India Limited CC-Jun25.pdf · 2025-08-01
So firstly, on the growth side, you indicated the specific reasons for a slower growth in Q1. But if we look at the overall disbursements, monthly disbursement trends , where are we currently and how should we expect to end FY '26? And you indicated that it will be a steady growth here on. Normally, we used to guide for 25% to 30-odd percent kind of a growth. We have come down below 25% now. So where should it ideally settle? Would it be at the lower end of the guidance or maybe even like, say, less than the guidance is what we are expecting looking at the overall operating conditions? Or at any point in time, we would again aim for 28% to 30-odd percent growth as well in the near or over the medium term? Yes.
Okay. Great. That helps. And secondly, if you can just highlight in terms of the collection efficiency seasonally being lower and even maybe 30 DPD as well as GS3 inching up more like Q1 phenomena. But any particular trends which you are seeing between the business loans, LAP and home loans or maybe the increase is similar across all three categories. So because there are like a lot many players highlighting stress on the MSME side, on the self-employed side. So are we seeing any abnormal increase in the other segments ex of home loan?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Nov25.pdf · 2025-10-30
So, again, just harping on this question of PLR. So, the last cut was in April, and thereafter we have seen reductions in terms of the repo, and we are seeing the incremental cost of borrowings also coming off like almost 16-odd basis points, maybe 20, 24 basis points this quarter itself. So, would we be revising the PLR, or maybe now we are good enough with the rewriting rates and new rewriting rates, and there is no need to change the PLR at this juncture because we want to protect the margins?
And secondly, when we look at it in terms of the overall BT out of Rs. 4,000 odd crores, what was the request that had come in, and how much we have been able to retain and finally, we saw this BT out of Rs. 4,000 crores?
LIC Housing Finance Limited CC-Jun25.pdf · 2025-08-04
So firstly, maybe you indicated not too much of pressure on balance transfer at this moment. But generally, in the past, we have seen that LIC Housing has the history wherein -- it comes in 1 quarter wherein there is a lot of repricing pressure, and we res et the rate lower and then yields come off and decline in one single quarter. So how we are protecting ourselves against that kind of risk? Because I think any which way competition is huge, and we will see the pressure, and we have just cut the PLR by 25 basis points, yes.
So maybe fair to assume that the growth will also maybe continue to be very modest. In fact, a few quarters back, we have been indicating we would want to get towards double -digit. But given maybe the focus on margins and this kind of a competition with ba nks being very aggressive, should one settle with maybe 7%, 8% growth for you?

Five-Star Business Finance Limited

Five-Star Business Finance Limited CC-Nov25.pdf · 2025-10-29
Thanks for taking the question. So, firstly, when we look at in terms of the number of people, may be on a Q-o-Q basis, there's almost like 1,000 which has got added, particularly in the business and collections. And that too, I would say, like, maybe more on the business side. So, is it with the confidence with respect to preparing ourselves for the growth? Is that the right observation?
Got it. And secondly, on account side, is there some rejigging which has happened or maybe have they been moved to some other place b ecause almost like 180 -190 people moving out of accounts. So, is it something like maybe they are getting towards the business side of it? Has there been any rejigging?

Tata Capital Limited

Tata Capital Limited CC-Nov25.pdf · 2025-10-28
Yes. Hi, team. Thanks for a very detailed and comprehensive disclosure in the presentation. So, firstly, getting on to the guidance, so what you have indicated to get towards maybe by end of Q4, almost closer to 2.3 % to 2.4% RoA, and over a 3-year journey, maybe 2.5% to 2.7% odd. Would it be fair to assume that maybe credit cost may not be a big lever? Maybe there we are any which ways indicating a less than 1% guidance, both for Q4 as well as 3-year guidance. So, would the larger part of this RoA driver be the cost ratios and the fee income? Is that observation right or are there any more levers to take it up by say 30 to 40 odd b asis points from where we end in Q4?
So, from FY'26, you said, for the full year?

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Nov25.pdf · 2025-10-28
Yes, a couple of questions. So firstly, with respect to write -off, if we still see the write -off quantum continues to be upwards of Rs. 400 odd crores, I think this is a number which you mentioned like you would want to contain it. So how should we see this trend going forward, particularly in the second half and getting into FY'27?
Sure. And secondly, on the growth guidance, so you also indicated that there should be the positive effect of maybe the gained momentum, plus maybe we might accelerate SME mortgages. So now looking at the traction in the second quarter, which was more towa rds the maybe the last month or maybe the last week, how should we look at the overall growth setting for FY'26 now? Is it like the rural buoyancy plus GST giving us more confidence to grow better?

PNB Housing Finance Limited

PNB Housing Finance Limited CC-Oct25.pdf · 2025-10-27
Yes. Thanks for taking the question. So firstly, maybe particularly with respect to the lower provisioning on when we look at it overall on, when I look at like cumulative provisioning, so one is obviously, I would tend to believe that the entire moment in gross Stage-I, the entire coverage is purely on account of the release of the provisioning. I think you mentioned like Rs. 70 odd crores kind of a number. Otherwise, the coverage has been broadly sustained in the Stage-I assets?
And secondly, on the consolidation part, on the branches side, so we have seen maybe 2 branches being lower, say in the Affordable Housing segment, obviously on the Emerging side, it is still growing. But again, on the Prime side, it has been lower by maybe 3 odd branches or so. So maybe do we expect to see this consolidation out there? What would be the branch expansion plans here on? And if you can give the number of employees breakup across these 3 businesses?
PNB Housing Finance Limited CC-Jun25.pdf · 2025-08-04
Yes. Hi. So, a couple of questions. Firstly, given maybe the promotership of PNB and exit of the private equity and the representation, which is there on the board, in terms of the evaluation between the PSU candidate and someone from private bank, because PNB has the history of maybe recruiting from the private side. So, would there be any change in the stance which would be taken this year, particularly with the change in the cap tables, if you can clarify on that part? And what maybe the succession plan which Company is now looking forward to just to manage this kind of a transitioning? This was all of a sudden, which seems to have happened. But now, maybe how to prepare with respect to the transitioning plan and related to it, maybe given that there have been exits, would inves tors be worried about any asset quality issues cropping up over next couple of quarters because I think there have been few exits which have happened in last 3-4 months since April. And we have seen in earlier cases that it follows with some kind of quality risk as well across the board, so how would maybe board maybe assure the investors on that part?

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Oct25.pdf · 2025-10-25
Thanks and team, wish you a very Happy New Year and Happy Diwali. So, firstly, with respect to credit card, in fact, last quarter also you indicated that we should star t to see the growth this quarter, but it was down like 4% odd and I think the end September would have seen the decent spend and volume. So, what is ideally leading to this and the right of quantum which was there of almost like Rs. 1100 crore odd, is it more skewed towards the credit card which is leading to decline in the credit card portfolio?
Okay, so not skewed towards any particular segment like credit card or so?

The Federal Bank Limited

The Federal Bank Limited CC-Sep25.pdf · 2025-10-18
Firstly, given that maybe going slow on the low -yielding asset is weighing some way on the overall loan growth, if you can just highlight in terms of the proportion up to which we expect the overall low -yielding advances to come down from the current levels of more than 50 -odd percent, say, over the medium term? And maybe how long could it weigh on the overall loan growth compared to our guidance of 1.2x, 1.3x of the GDP multiplier maybe average, which we are indicating?
Got it. Perfect. And secondly, on fee income side, so the ramp-up has been quite strong. We are already seeing it upwards of 1-odd percent. So I think a lot many levers kicking in. If we look at forex that's contributing, distribution fee has gone up quite significantly on a quarter-on-quarter as well as year-on-year. So where do we see and how quickly can we see the overall fee to assets ramping up? Maybe you have indicated in terms of the medium -term guidance, which you have, okay, across the board. But is it coming too quickly than the expectations the initiatives have already started to yield and we might reach sooner and that could be the support to the ROE?
The Federal Bank Limited CC-Jun25.pdf · 2025-08-02
Hi. Thanks for taking the question. So, firstly, if you can highlight in terms of, have you aligned the KRAs of the employees you indicated that now you are freeing the capacity at the branch and focusing on more business development, customer engagement, b e it para Banking plus CASA. So, how have the KRAs of the employees changed? And eventually, in terms o f the priorities, fair to assume that maybe C A and fee income are the initial priorities and would we be tweaking KRAs 6 months, 12 months down the line? Because now maybe, you are well aware of how it is working and what are the low hanging fruits?
Got it. So, the weightages would have gone up for these three in particular?

IndusInd Bank Limited

IndusInd Bank Limited CC-Sep25.pdf · 2025-10-18
Hi, Rajiv. So, again, firstly, maybe the question was asked with respect to net NPA. And during the last earnings call, it was indicated that we would want to get towards 0.5 %- 0.6%-odd. But maybe the new CEO would take a call. So, what would be your reading? Maybe would you really want to get to that number or you are comfortable with 70% coverage and need not be necessarily in this year? How are you looking at the overall Net NPA number?
Okay, so that call still continues even with you. So, that we will get it in the medium term?

Punjab National Bank

Punjab National Bank CC-Aug25.pdf · 2025-07-30
Yes. Sir, firstly, the question is on SMA, I think that was again missed out. So, if you look at it, the increase in the SMA pool, which is there in the MSME, and maybe when you look at it overall in general, it has gone up maybe a bit, say when you look at it even agri there is SMA pool, which has got built up. So, how do we read this number of say closer to like Rs.1,600-odd crores of SMA, and this is again like more than Rs.5 crores, if you can highlight the overall SMA pool, say even below the Rs.5 crores, which you always used to give out, say SMA 0, SMA 1 and SMA 2?
Okay. And how would have been this breakup across SMA 0, 1, 2?