Stockrabit · Analysts
Questions across 80 calls

Piran Engineer

CLSA

Axis Bank Limited

Axis Bank Limited CC-Mar25.pdf · 2025-04-25
Yes. Hi team. Thanks for taking my question, and c ongrats on the quarter in this tough environment. Just getting back to the question on deposits. Now on Slide 22, you've explained it well as to how we should look at this deposit journey. My question really is what will change your stance on growth? Will you compromise on, say, the cost differential versus peer 2? Or will you compromise on outflow rates to get growth? Or is the quality and cost of deposits sort of sacrosanct? Subrat Mohanty: Yes. Hi. This is Subrat. Like we have always said, quality cost and growth, all 3 vectors that we manage. If you've seen in Q4, we have done some amount of catching up and possibly done better on a Q-O-Q basis vis-a-vis the industry. Large part of it has not come because of either any change on cost or any letting go of quality metrics that we track on deposits. It's largely come because of the work that we continue to do, in terms, of being in front of customers, deepening the relationship with the customers. So those fundamentals which we had been running over the last 1.5 years as part of internal project called Triumph, they continue to guide our actions in terms of the work that we are doing in the field. So we will continue to be on that path. We have done a good job in the last 2 years in terms of both the quality and the cost of deposits. We don't want to be going back on that kind of work that has happened.
Okay. Okay. Fair enough. And just secondly, on your personal loans versus credit card comments on asset quality. So I get that you've improved incremental sort of sourcing, but it's still a small part of the book. But then why is that not true also for credit cards? And another sort of question to this is your personal loan customers would be a subset of your credit card customers, right, and a much more sort of stringent subset. So ideally, shouldn't personal loans recover first and credit cards recover later? What's the disconnect here? Thanks.

AU Small Finance Bank Limited

AU Small Finance Bank Limited CC-Mar25.pdf · 2025-04-22
Congrats on the performance in this turbulent environment. Just two questions from my end. Firstly, out of this INR894 crores slippage this quarter, how much would be from the wheels portfolio? And what was it versus, say, last quarter?
Okay. And also just a clarification in the initial comments, opening comments, Gaurav, said it will take 1 to 2 years for the credit card franchise to turn around. So by that, you mean breakeven? Or what exactly did you mean by that?

Bajaj Finance Limited

Bajaj Finance Limited CC-Dec24.pdf · 2025-01-29
Yes. Hi team congrats on very strong numbers. Just firstly, in terms of just getting back to asset quality, can you share at least qualitatively, if not quantitatively, what are the 1 DPD formation trends across portfolios? Has that stabilized? Has that improved? Is it better than -- or is it back to run rate levels?
No, that's useful. So the main segment, you're among the larger ones really the Urban B2C, where things are still slower. Because you mentioned that while default is lower, collection efficiency is also lower?

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Jun24.pdf · 2024-07-26
Firstly, I just wanted to understand what the levers are we can take to offset credit costs? So, I understand collection part of it but anything on the top line front, for example, increasing the revolver charge from 3.5% to 4%, something like that. So many things I understand are regulated like interchange, et cetera, you can't do much. But what are the levers we can take apart from, say, collections, et cetera, to offset the impact of credit cost?
Okay. Fair enough. Secondly, just trying to understand on your new underwriting measures. Now we've acquired 9 lakh new customers this quarter. Now can you just give us a sense, say, for example, how many are new to credit, how many are new to credit cards?

IDFC First Bank Limited

IDFC First Bank Limited CC-Dec24.pdf · 2025-01-25
Thanks for taking my question and t hank you very much for all the enhanced disclosures. Just firstly, on MFI, the 3-member rule that's coming up next quarter. Have we proactively moved to that?
But don't you think it makes sense to tighten right now when it's eventually going to come a quarter later? I mean if you're going to be the fourth lender today and it's not going to be allowed, say, April 1 onwards, and the next lender is not able to, let's call it, evergreen that borrower, she will default to you, right?

RBL Bank Limited

RBL Bank Limited CC-Dec24.pdf · 2025-01-18
Just firstly, continuing on cards. Last quarter slippages was INR600 crores, this time, INR570 crores. What's really the view here? Because last time it was impacted because of the migration and collection responsibilities. And we were of the view that in the next couple of quarters, we would go back to that 5%, 6% credit cost. So any outlook on credit cards would be useful?
Got it. Okay. That's fair. Secondly, just on Rikin's question, have you all started adopting the norms that come from 1st April already, like proactively? Or did I misunderstand that?

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Dec24.pdf · 2025-01-18
Congrats on the quarter. Just a couple of clarifications, firstly, on slippages which are down about Rs. 200-odd crore Q-on-Q, is it entirely driven by retail, which means that unsecured slippages have still remained as high as last quarter? I am a bit confused here.
Got it, that clarifies. And secondly, just on fee income, fee income growth, which was strong since last year has been moderating for the last two quarters, and now we are barely at 10%. Is this merely a function of, A) lesser credit card spend; B) maybe slower disbursals in personal loans, or is there more to it?

Manappuram Finance Limited

LIC Housing Finance Limited

The Federal Bank Limited

The Federal Bank Limited CC-Sep24.pdf · 2024-10-28
Hi team, from the quarter, just had one question on gold loans. What percentage of your book comes through Fintech partners and how are you thinking about RBI circular last month on irregular gold loan practices? Are we making any operational or process changes in that regard? So, just some qualitative and maybe quantitative commentary would be good.
Okay, fair enough. But just even then, given that let's say it's only, it's fine, but the credit appraisals and valuations when the fintech guy goes to the borrower's house, the fintech does the valuation of the gold and therefore this person is a doorstep.

Punjab National Bank

Cholamandalam Investment and Finance Company Limited

Bandhan Bank Limited

Bandhan Bank Limited CC-Sep24.pdf · 2024-10-25
Congrats on the quarter, decent numbers in a tough quarter. Firstly, how should we think about slippages in the coming quarters? If you can give us a sense of m aybe what percentage of your customers are overdue, but they ’re still paying their EMIs, or what percentage of your GNPA customers are paying in EMIs that will give us some color on future asset quality?
Could you also just share what percentage of your customers are unique to you? How many have 1 additional lender, 2 additional lenders?

Bajaj Housing Finance Limited

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Jun24.pdf · 2024-07-23
Congrats on the quarter. Raul, just getting back on this, if you can just comment a bit on price competition in the market in cars and CVs. You mentioned that you've taken disbursement yield hikes.
Yes. I just wanted to understand how pricing competition is in the market in cars and CVs, you mentioned that you've taken disbursement yield hikes in the last 2 quarters, and we've heard this before also. But somehow in the numbers, it does not really show up when we just calculate interest income divided by average loans. So just curious to understand what's going on there? And secondly...