Stockrabit · Analysts
Questions across 100 calls

Kunal Shah

Citigroup

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Dec23.pdf · 2024-02-05
Yes. So the question was with respect to the coverage on Stage 2 and Stage 1 assets. So if we just try to back calculate that looking at INR558-odd crores on Stage 2 and INR513 crores in Stage 1, there's a drop in Stage 1 provisioning to less than maybe 20 bps now and even Stage 2 coverage down to less than 4.5%. So just wanted to get -- normally, it used to be like 7%, 8% in Stage 2 and 25 to 30 basis points in Stage 1. So is it like more moving into Stage 3 from Stage 1 to Stage 2 and that's the reason maybe credit cost is still continuing to be low?
Sure. And this was INR450 crores account, you said?

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Sep23.pdf · 2023-10-27
So sorry, so again, with respect to Stage 2 and Stage 3 currently, at say 10-odd percent. Now given that we are aware in terms of the profile, which is getting built, more towards the lower-yielding asset pool, where do we actually see this settling , in this kind of an environment? Because I think that's what is something which will drive the credit cost down to 1.5%, 1.7% because I think write -offs will still continue to be at similar levels of maybe INR300 crores to INR350 odd crores per quarter, yes.
So that is still possible. So we could see that similar kind of run rate which we see in the second half, given that we have already got it down or we have contained it in the first half, it's not necessary that getting it down from here on will be difficult.

Bajaj Finance Limited

Bajaj Finance Limited CC-Dec23.pdf · 2024-01-29
So firstly, with respect to the management changes, now if you look at it, there were two Executive Director positions which were created. Now we have seen Mr. Saha becoming the Deputy Managing Director. So would there be any thought in terms of the Execut ive Director positionship or maybe that seemed to be more like a transient into this management changes which were there?
Okay. Sure. And secondly, when we look it in terms of this entire RBI's embargo. So with respect to the submission, so you mentioned maybe in terms of the digital signature and vernacular language is something which is still pending. But otherwise, are we largely done with the submission out there? What has been the early feedback from the regulator? When do we see the embargo getting lifted? If you can just share some sense out there here.

Shriram Finance Limited

Shriram Finance Limited CC-Dec23.pdf · 2024-01-25
So, the question was maybe when we look at your th ree segments like two- wheeler, SMEs as well as PL, no doubt that there is a substantial increase on a QoQ basis in the AUM which is showing relatively lower Stage-III, but otherwise there is an absolute increase which is there in the GNPA. And in fact, the Stage-I provisions out there, they have also increased , okay, I think we have raised it across some most of this product segment. So, looking at this how comfortable we would be in terms of sustaining su ch a strong growth in these three products?
If I have to look at it in terms of the percentage as well going up from 3.06 to 3.11, and if I broadly the split in terms of the segments wherein th e Stage-I provision has gone up, it is largely MSME, two-wheeler and PL wherein again in each of these segments, the Stage-I provisions have gone by almost like 40, 50-odd basis points?
Shriram Finance Limited CC-Sep23.pdf · 2023-10-26
Firstly, again with respect to write-off, if you can highlight in terms of the segments wherein the write-offs would have been higher, is it more coming in from PL segment or this seems to be more of the vehicle segment itself, so how should we look and if I heard it right, is this run rate is something which is more kind of a normal run rate of Rs. 800-Rs. 900 crores going forward too?
No, just the sense of whether incremental, whatever was there, was it more of a PL?

Axis Bank Limited

Axis Bank Limited CC-Dec23.pdf · 2024-01-23
Yes. Hi. Thanks for taking the question. So I am not sure if you answered that because I missed some part of the conversation. But given that you always have been highlighting in terms of the growth targets, but now it seems to suggest that deposit is definitely a constraint. So would we still continue to grow at 4% to 6% points higher than the system average when you are highlighting that loan and deposit growth would settle at 13%-odd percent? Or does that also change given this CD ratio as well as the deposit constraint which is there?
Sorry.
Axis Bank Limited CC-Sep23.pdf · 2023-10-25
So, the first qu estion is with respect to home loans. Last quarter also, you highlighted that work is in place and we should see the growth visible in the quarters. But still when we look at it, it's like a much lower pace, hardly like 2% sequential growth, 9% year-on-year. So, when do we actually see the traction and building up and the initiatives out there?
Sure. And secondly, in terms of the overall employee addition during the quarter of almost like 4500, so in the opening remark, it was highlighted that most of them were towards the technology and included in this technology cost which we highlighted, or this is across this segment, that number is also getting higher?

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Sep23.pdf · 2023-10-21
Yes, hi. So, firstly, with respect to this 14 bps- 15 bps of margin one-off, which will not be repeated, I'm not sure if you highlighted the reason for that and maybe where we are seeing it. Or is it more to do with the TD Sweeps and that's the reason you are confident that it will not come through, maybe that will stabilize now?
Okay. So assuming that, if we p urely look at spreads in terms of yields and cost of deposits, then that should help in 16-17-odd basis points kind of an impact?

RBL Bank Limited

RBL Bank Limited CC-Dec23.pdf · 2024-01-19
Again, the question is on retail yields in particular; they are down like 20-odd basis points. But, I think structurally the movement towards the housing loans , that would pretty much continue away from say what we have seen with respect to the MFI or even on the business loan side. So, then should we see that maybe overall yield improvement might not be there going forward, okay, would there be a fair stance maybe apart because this quarter again there was decent growth on the commercial Banking plus maybe in housing, which might continue as such?
We have not increased the rate towards the risk weight. Has there been not passed on in any of the unsecured consumer credit or the lending?

IndusInd Bank Limited

IndusInd Bank Limited CC-Dec23.pdf · 2024-01-18
Hi Sumant. Getting on to slippages, so quite a high run rate of 2.2 odd percent. You indicated vehicle finance. But again, that seems to be somewhere around INR 600-odd crores. So, what are the other segments? Maybe we were always targeting INR1,000 crores to INR1,200 crores of slippages, and this time, it's even more than INR1,700-odd crores. So, it seems there is further stress besides vehicle as well as corporate. And how should we look at it, yes?
Okay. But this LAP and agri, that doesn't seem to be more seasonal. So even in other retail assets, you are saying that run rate will continue?
IndusInd Bank Limited CC-Sep23.pdf · 2023-10-18
So firstly, in terms of the cost of funds, the increase has hardly been like 9 -odd basis points compared to 23 bps rise in cost of deposits. So maybe in terms of this repricing and repayment of the borrowing, high -cost borrowing, is it largely done? Or should we see the benefit in the coming quarters as well?
Sure and secondly, in terms of the credit cost and utilization of the buffer, so maybe we were highlighting that we would be building up the buffer also towards maybe the transitioning to Ind-AS. But again, we saw almost like Rs.180crores kind of utilization this quarter. So, would that start to happen from Q3 onwards in terms of the further build -up on contingent provisions and still comfortable with 1.1% to 1.3% credit cost?
IndusInd Bank Limited CC-Jun25.pdf ·
Yes, thanks for taking the question. So, again, coming back on the core fee income side, if you look at fee to assets, that is now actually down to closer to like 1.1% on an average. Last quarter, you indicated like say 2,400 odd crores to be the normalized number. And now you are saying that we need to reset to this level. And then let's see in terms of the growth. So, where eventually will fee to assets settle? Because I think that's going to be the key driver to ROAs. And this time, again, it has reset at a much lower level.
How far can we optimize? Ye s, because it's at 1.1. So, can we even optimize to 1.5, 1.7? How would that be?

Muthoot Finance Limited

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Sep23.pdf · 2023-11-03
So, the question is on OPEX. So, even if we do this adjustment in terms of outsource agent off- roll, but still at the overall OPEX level, the sequential rise seems to be quite high. So, where do we see OPEX to assets and we see across the segments, not particularly across the cost to assets have actually gone up. So, what would be the outlook on that? And if you can just s hare the number of employees who have now been on the on-roll because it doesn't seem to include in this 51,000-odd employees which we you have?
So, ex of employee overhead also seems to be high if we adjust for this transfer. Okay. So, no doubt it's a decline, but if we just…

Aavas Financiers Limited

Aavas Financiers Limited CC-Sep23.pdf · 2023-10-27
Yes. So just in terms of the productivity. So if we really look at it in terms of productivity per sales officer, it seems to be like less than maybe two files a month. So no doubt, overall debt has come off, plus there has been like the increase in ticket size, but not finally reflecting in terms of disbursements per branch. So maybe what could be the ideal level of disbursements may per sales force which we can look at it? Because today, maybe , so if you can help in terms of what are the number of sales teams currently? And looking at almost like, say, INR400 crores, INR420-odd crores of disbursements, per file disbursements in the month seems to be quite low compared to where we were historically and how we are addressing that, yes?
Sure. But what would be the frontline sales team maybe in terms of the number today?

The Federal Bank Limited

HDFC Bank Limited

HDFC Bank Limited CC-Sep23.pdf · 2023-10-16
Yes. Thanks for taking the question. Sir firstly, maybe what Sashi highlighted earlier that in terms of the rundown in the wholesale portfolio of erstwhile HDFC, is it more or less done? Or should we see it getting towards...?
Yes sorry. Now if it's better. So I was just saying whethe r this rundown in wholesale portfolio, is it largely done? Because earlier we thought that it can come down to INR80,000 crores - INR90,000-odd crores from INR1.3 lakh crores. But in the opening remarks, you said like it should largely be done and now we sh ould see the growth coming through in the construction finance portfolio?

ICICI Bank Limited

ICICI Bank Limited CC-Jan26.pdf ·
A couple of questions, sorry, again, to harp upon on the credit card side. But even now, when we look at the portfolio, it is almost at a similar level to where we were in June. In fact, like hardly any growth out there over and above June. And this kind of a trend we had not seen in the earlier years during the festive wherein it tends to run down. So, any particular cohort or maybe like the transactor proportion significantly going up, which is leading to this?
But how should we compare it with first quarter or maybe Q4 end? Because since Q4 end also, there is a decline in the portfolio, and even from first quarter, it has just been flat over two quarters, despite this trend going up?