Stockrabit · Analysts
Questions across 37 calls

Nitin Aggarwal

Motilal Oswal

The Federal Bank Limited

The Federal Bank Limited CC-Jun24.pdf · 2024-07-24
Yes. Hi, sir. Congrats on a good quarter. A few questions. Firstly on the cost -income ratio, like while sequentially, of course, there is an improvement but still we are fairly elevated at around 53%. So how do you see this over the medium term and what will be the drivers of potential improvement in this metric?
Okay, sir. And sir, like on slide 15, wherein there are details about the high margin business. So most of the high margin segments are between now INR3,000 crores to INR4,000 crores. So what will be the cost -income ratio in these businesses which all have breakeven? How do you see the like breakeven points for them? So, will this be like a material thing from this cost - income reduction perspective?
The Federal Bank Limited CC-Dec23.pdf · 2024-01-16
Hi. Good afternoon, everyone. Sir, three questions. First is, again, taking forward from the CD ratio that you talked about will want to moderate to 80. So will this have implications on loan growth? Or do you think Federal Bank has the ability to raise as much deposits and still sustain 18%, 19% loan growth?
Right. And related to it, I was looking to Slide 23, wherein we talked about the growth through partnership. So across most other unsecured segments, we are growing very well, both in number of accounts and balances, but since franchise account opening run rate is nearly flat over past many quarters, while the account balance has almost doubled Y -o-Y. So what is limiting us to step up the account opening run rate here?
The Federal Bank Limited CC-Sep23.pdf · 2023-10-16
Congrats on good results. Sir, a couple of questions. First is on the fee income side, if you can talk about what is this para banking really including and there has been a strong growth that we have seen this quarter on a sequential basis. So, what has driven that? Even on a Y -o-Y basis, the growth is very strong. How do you really see this?
Okay. And secondly, on margins, while there has been like similar rise in cost of deposits between the first quarter and now the second quarter, how do you compare this outstanding now portfolio deposit cost to the incremental costs so as to like have a view as to how the margin can trend in the coming quarters? How much is the gap rippling now?

Union Bank of India

Union Bank of India CC-Mar24.pdf · 2024-05-11
Good afternoon, everyone, and congratulations, ma’am, on good results overall, but for the high OPEX. So, my first question is on the capital. Now, if I look at, because Bank has raised capital very well over the year and has reduced government holding to the minimum to like less than 75, so how do we really look to deploy this capital better? Because the growth rates that we are targeting now is still like closer to where we have been, and our ROEs are significantly higher than the loan growth. So, we will ideally keep on accreting capital. So, what's the plan to utilize this capital ratio better?
And the second question is on the overall tax rate, because we have been absorbing the DTAs and our tax rate, therefore, is elevated. And despite that, we have been able to deliver more than 1% ROA. So, what is the outlook there? By when do we plan to migrate to the lower tax rate? How much is the outstanding DTA remaining that are yet to be absorbed?
Union Bank of India CC-Sep23.pdf · 2023-10-28
Yes. Hi, ma'am. Good afternoon, and congrats on good results. I have few questions. What is on the yield, which has been talked like, there has been a very sharp increase Q-o-Q on the lending yields. And so, I just wanted to understand as to how is the Bank's ability to pass on the interest rate, because when you look at a portfolio yield going up by 37 basis points, then there will be borrowers who are seeing a 90-100 basis point increase in their borrowing rate. So, how is the Bank's ability, and ultimately, how do you see that progressing?
Right. But, sir, my question was also around like, how forthcoming the borrowers are to see such a big change in their borrowing rate? Is competition not limiting your ability to pass on the rates?

RBL Bank Limited

RBL Bank Limited CC-Mar24.pdf · 2024-04-27
Hi sir. Congratulations on a strong performance. I have 2 quick questions. One is on the fee growth again because the run rate is very, very strong. And if I look at the composition, especially the distribution fee, that has grown like nearly 200% Y-o-Y. So if you can share some colors to what has driven this? And how do you look at this run rate going forward?
Okay. Sure. And second is on like the more qualitative question knowing how critical the card business is for us. And over the past 2 years, we have made significant investments across all our business lines. So any qualitative color if you can share on ho w we are placed in respect to RBI's IT audits and overall compliance in the recent years?

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Mar24.pdf · 2024-04-26
Sir, I have two questions. One is on Opex, where in the cost ratios have improved considerably this quarter, which we have attributed to the lower corporate spends and this being a non-festive quarter. So how should we view the corporate spends now in FY'25? And any color around the cost income ratio for the year?
Okay. And secondly, on margins, while we have said that the cost of funds has gone up, but sequentially, like 7.6% from there, it has come down to 7.4%, but the yields have als o come down by 40 basis points.
SBI Cards and Payment Services Limited CC-Dec23.pdf · 2024-01-25
Two questions; one is on the delinquency side. If you can share some color as to how you compare the delinquency between the EMI and the revolver mix? We have incurred 7.5% credit cost while the revolve mix is going down. How do you really see this trend? Because, if you look back, generally an increase in revolve is somet hing to be correlated with the increase in credit cost, maybe on a lag basis. But here, the revolve rate has been sticky for so long. In fact, it has gone down a bit this quarter versus the credit costs are inching up. How do you see this disconnected trend?
One more if I may. It's on the capital side. Because of the risk rate impact, the capital levels have come down. Any plans to support or beef up the capital ratios over the coming quarters?
SBI Cards and Payment Services Limited CC-Sep23.pdf · 2023-10-27
Sir, two questions, the first question is on the stress, which you're indicating that is in certain segments and customers, you can see that. But then how are we to look at really the revolve rate and the mix of overall EMI customers? And should that not also move higher in line with the stress and the overall delinquency that you are witnessing?
The second question that I have is on the margins. We are seeing a very calibrated fall this quarter, again, a 12 -odd basis point fall. How have you been looking this trend going on? Are we expecting more decline from here and has there been any change in the interest rate to our EMI customers to accommodate for higher risk that we are witnessing?

AU Small Finance Bank Limited

AU Small Finance Bank Limited CC-Mar24.pdf · 2024-04-24
So, one question is on the other income. Like if I look at the fee income, traction for us has been very, very strong, and it has been only like getting better. So, how sustainable really this is because, fee intensity, if I just look at on a quarterly basis on the total assets, it’s already on the higher side. And so how sustainable is this? And what further levers do you see going ahead in FY ‘25?
Right, of course. And the other thing on securitization because you talked about like growing 25% on a steady basis over the next 2, 3 years. So, should we expect lower securitization now going forward as you will be able to mobilize more resources and make Fincare branches also as part of synergies to your Bank. So, how should we look at that?
AU Small Finance Bank Limited CC-Sep23.pdf · 2023-10-30
Yes, hi. Good morning, Sanjay ji and team. And congrats on the merger. A few questions I have, like, first is on the securitization. We have been going for higher securitization. This contributed around INR2,900 crores. So what is your strategy on the same going forward? And the second one is on the stronger growth that we have reported in commercial assets, along with the securitization, again, that we are doing. How will that impact the PSL compliance? So if you can share some color as to where the bank stands on the overall PSL compliance, and how do you see that going forward with the strategy that we are adopting on the securitization front?
Yes, that answers. And then how do you see the overall loan growth, the on balance sheet advances growth with the securitization approach?

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Dec23.pdf · 2024-01-20
Yes, hi. Thanks for the opportunity. One question on the unsecured business, particularly the credit card, while you talked about that you'll want to take the unsecured mix to mid-teens, as earlier indicated, but there was a blip on the credit card sourc ing in the quarter. So, if you can talk about how the sourcing rate is trending and what is the strategy there?
So basically, I'm referring to the month of November, wherein there was a drop in terms of the net card addition versus like 100,000 plus run rate that has been the usual trend. So, anything to read into that?

IDFC First Bank Limited

IDFC First Bank Limited CC-Dec23.pdf · 2024-01-20
Yes, hi. Good evening. So, o ne question on CD ratio. While the bank has been doing well and the CD ratio has been coming down pretty consistently every quarter. And any discussions about this with the RBI given the ongoing like media reports about this? And any near -term targets, therefore, that you have?
Okay. Sure. And second question is on the opex, wherein we are seeing a fair bit of an increase. So if you can provide some colour as to what are the key drivers within this number so that we can better appreciate the operating leverage that is likely to play over the coming years and from Q4 FY25 that you are indicating?

IndusInd Bank Limited

IndusInd Bank Limited CC-Sep23.pdf · 2023-10-18
Congrats on a good quarter. Few questions, first is on the CD ratio. We have seen like a good increase in CD ratio in past 1 year and LCR also we have deployed a fair bit of liquidity this quarter. So how much excess liquidity do we now have on the balance sheet? And do you think that going forward liability accretion will limit the loan growth as we continue to guide for over 20% loan growth?
Right. Sure and the other question is on the yields, like this quarter, the corporate banking yield has come off a bit and the retail book is also, the rise in yield is well controlled, while considering the stable pricing and no repo actio n in the recent period. But what proportion of the corporate loan book is linked to MCLR? and should we not expect any further uptick in the corporate yields going forward?
IndusInd Bank Limited CC-Sep24.pdf ·
Couple of questions. One is on the SMA-number that you talked about 30 to 90 DPD of 4% in MFI. So, how has this moved on a monthly basis and any ideas to by when do you expect this forward flow to sort of starting to reverse?
And the other question is on the loan growth. Now, if I look at the first half, we have grown around 4%. So, how should we look at this growth because of the cautious stance that we have taken in certain segments? So, for the full year, how should we model loan growth?

ICICI Bank Limited

ICICI Bank Limited CC-Jan26.pdf ·
Hi. Good evening and thanks for the opportunity. I have a few questions. One is on the BB segment. And if I look at the growth in the business banking has been like moderating for quite some time now. We have earlier already talked about that it is a conscious kind of a moderation that we are showing to while the quality overall remains strong. But how are we looking at this on an incremental basis? Do we now look to relax some filters? Has the growth rate now bottomed out? Some color around this?
Okay. And likewise on the unsecured, Anindya when you said that growth rates in credit card and PL will get better. Do you see this like now moving above the overall loan growth or it will just be a recovery from where we are? Because we are currently at a very, very muted levels. Some colors to that?