Questions across 5 calls

Nishant Shah

MLP

PNB Housing Finance Limited

PNB Housing Finance Limited CC-Mar25.pdf · 2025-04-28

Hi sir, congrats for the good set of numbers. So just elaborating on the previous question on the headwinds from the repo rate cuts. So, fair play we have some levers from product mix change but do you see some headwinds to just growth itself because while yes , there'll be margin compression or yield compression on incremental book, does that kind of also result in lower growth? Because you're seeing some of your large HFCs also start to cut rates in line with the repo rate cuts of the large b anks. So should we think about you know growth probably in the Prime segments or in the corporate segments tapering down a bit and probably Affordable, trying to pick up the slack. How should we think about that?

Okay, fair enough. So, what should we think of the blended company growth to kind of come in at for this year?

IDFC First Bank Limited

IDFC First Bank Limited CC-Jun24.pdf · 2024-07-27

Congratulations for a very good quarter. And well appreciated on the cost -to-income kind of trajectory going on. Sir, I just had like one question. You've answered one on the LCR already. Just on the merger consummation, when can you expect that merger consummation? And a related question to that, does that have any net worth accrual benefits to it?

Q2. Okay. So basically any time in this month or like next month or so?

REC Limited

REC Limited CC-Mar24.pdf · 2024-05-08

Sir, a couple of questions. You mentioned earlier in the call that government this would be out of the scope of the circular. It was mentioned because we must have missed it, or is this like some local opening that we've taken like just trying to some conviction around the last government guaranteed project being out of the scope of the circular?

Okay. And sir, the second is around the differential accounting between NBFCs and banks in this part like So that you're just seeing RBI are there kind of there be some actions which too much differentiation between large size NBFCs and on banks. So if ban ks are going to be sort of disproportionately affecting that is the case of less competition for you. I'm just trying to fathom what happened like if there is something in the back of RBI to kind of like make the content at a giving banks on assumption or because a little looking at how the RBI has been sanctioning off late. It's trying to minimize the difference between banks and NBFCs.

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Mar24.pdf · 2024-04-26

So, I just want to go back to this cost bit a little again. On the P&L summary slide which is slide number 12. So sequentially, we've seen a fee and other revenue decline of about INR300 crores. So, from INR 2,500 crores down to INR 2,200 crores. And the operating cost is down from INR2,400 crores down to INR1,900 crores. So, about INR 500 crores. What part of this is attributable to corporate spends coming off? If you could help understand that? Because I'm trying to understand that what part of this cost reduct ion is more sustainable. Is it to do just because corporate spends came off so the cost came off the moment they are back, the spends come -- like this opex comes back or is there an element of like higher promotional costs during the festive period in the base and like net-net to the fee income and the cost income of corporate cards and spend is about similar. Could you help me understand that a bit, please?

Got it. And that’s perfect. That's clear. And our second question, one of a small, midsized private sector banks mentioned in their call that they're expecting a circular on credit cards. So, it didn't really specify what that was around, b ut like if you've been engaging with the regulator, could you comment about what's in the pipeline in terms of regulation because the comment was also that it's perceived to be a little more stringent whatever that means. So, if anything in the pipeline could you just talk about it what nature of this regulation is coming in?

Bajaj Finserv Limited

Bajaj Finserv Limited CC-Dec23.pdf · 2024-01-31

So, just a couple of questions from me. First is on this acquisition of TPAs, could you talk about that a bit, like how you see this acquisition, is it more for like internal consumption, is it a new business line that you're kind of looking at like more favorably and general thoughts around that. So, that's my first question. Second question is about you briefly mentioned about Axis Bank and the wallet share kind of like coming down a bit on the life insurance business. Like Axis is becoming more prominent as an investor in Max, do you worry that there is like a further decline in wallet share or do you think it kind of stabilizes the wallet share at 23 odd percent?

Just the second question on Axis?