Stockrabit · Analysts
Questions across 13 calls

Rikin Shah

IIFL

Karur Vysya Bank Limited

Karur Vysya Bank Limited CC-Feb26.pdf · 2026-01-23
Congratulations on again one more quarter of good numbers. Sir, just 2 questions. The first one is on yield on advances. Even adjusted for the one -off in the last quarter, the yield on advances are broadly stable. So have you not seen any pricing pressure or even repricing of the earlier repo rate cuts or MCLR into your loan mix? Or is it the mix is changing favourably, which is why you are able to sustain your advance yields? So that's the first one. And the second one is, given that agri book has been a reasonably big book, and we have seen some large private banks seeing some regulatory actions taken against the PSL classification. So if you could talk about what's the issue at hand and whether that is something that even we need to watch out here?
Got it, sir. And no issues regarding the tagging of the PSLs or the end user of the...

The Federal Bank Limited

The Federal Bank Limited CC-Mar25.pdf · 2025-04-30
I actually had quite a few questions. I'll bunch them up together unless you want me to break it down. But -- so the first one is that if we look at the reported margins, they are flat sequentially, but your loan yields are down 8 basis points and cost of fund is up 5 basis points sequentially. So how is the reported margin flat Q-o-Q? So that's the first question. The second question is on the transition of REPO repricing from T+1 to T+90 days. I wanted to check whether this will be applicable only for the new disbu rsements or even the entire back book gets repriced accordingly. And an extension to this is that you did highlight that the SA rates have been cut by 25 basis points. But now given that your SA rates are in line with the front line banks for most of the buckets until INR5 million, do you see any other levers beyond INR5 million SA rate cuts, potentially or maybe TD rate cut to offset any margin pressure? So that's the second question. The third one is on the quantum of corporate recovery, which you had hi ghlighted in the presentation. So what is the quantum of the same? And where would it be included? Would it be included in the recoveries from the written-off accounts, which is shown under other income? Or is it netted off from the provisions? Because both of them are moving very favorably Q-o-Q. So that's the third one. The fourth one is on the LTV on gold loans, right? So that has come off significantly by 6 percentage points to 62% now. So given that it was well below 75% limit, what were we trying to optimize here, which resulted in the degrowth and now that you believe that it can start growing? So that's the fourth question. The fifth one is on the cost. So I just wanted to understand why are we attributing the cost related to branch expansion as a one-off because this is the medium-term strategy to go after the branch expansion, right? So why is that a one -off and why that may not recur in the future? And how do we think about the opex growth going ahead? So those are my 5 questions.
Venkat, sorry, just a follow-up on this before Manian takes the remaining questions. What will be the quantum of corporate recovery?
The Federal Bank Limited CC-Sep24.pdf · 2024-10-28
Manian sir, wishing you the best for your tenure ahead. We look forward to you outlining the strategy next quarter. Just a few basic questions. The first one, if you look at the wholesale banking self-funding level, is there a further scope of optimizing it from current 33% level? And if we do the peer benchmarking, is there a possibility to improve that? That's number one. Number two wanted to clarify that yield on advances have further decelerated sequentially. Is it only due to the change in the penal charge regulation or anything more than that? Thirdly, it is pertaining to the one -off gain from the sale of stake in ECPL. If you could quantify the gain coming from that, that's all from my end.
The Federal Bank Limited CC-Jun24.pdf · 2024-07-24
Thank you for the opportunity. I had two questions. First one, Shyam sir, you had alluded to in your opening remarks that the interest income has kept pace with the loan growth in this quarter. However, if we look at the yield on advance disclosure, as per the PPT, it has gone down by 5 basis points sequentially. So, if you could just explain what's happening there? That's number one. And number two. Just wanted to get an update on where are we in terms of the RBI embargo on the co-branded cards. And more importantly, once -- whenever that gets lifted, is there going to be any fundamental change or shift in the strategy of sourcing the cards and personal loans over a medium term?
Advance yield went down. So -- and the high-yielding portfolio has been growing, barring the slowdown in personal loan, credit card. So just wondering, why is the yield on advances going down if the high-yielding portfolio is growing faster?
The Federal Bank Limited CC-Mar24.pdf · 2024-05-02
I have a few questions. So the first one is on the restriction placed on the co-branded credit card. May I check what are the corrective actions which are underway? And how soon do you expect that to resolve? So that's question number one. Question number two, an extension of the first one, if you could help us think through the financial impact of the same, right? While this proportion of that credit card book is less than 2% of the total loan, the card fee income had been growing at a very str ong rate of 50% Y -o-Y. And even the digital personal loan, which we believe is the cross-sell to those customers has been growing north of 50%. So how do you think about that going ahead? The third question is on the yield. So if we look at the increase in the yield since the rate hike cycle started, the yields have gone up around 150 basis points in total for you, which is the least amongst most of the banks. And this is despite we having the highest share of floating rate loans. So is there any pressure points in some of the segments that we operate in? Or are we pushing on growth at the expense of profitability? That's the third one. And the fourth one is on the asset quality. If we look at the provisioning part, there was expected to be AIF related provision in 4Q, has that come through in fourth quarter? And in the presentation, you have mentioned there is some reversal of provision even on other purpose loans. So if you could elaborate what is that? Those are my questions.
A couple of clarifications, please. When you say that the corrective actions are underway, would the partnership with OneCard continue? Or is this something where in you can tweak the processes and fix it?
The Federal Bank Limited CC-Dec23.pdf · 2024-01-16
Thanks for the opportunity, h ad couple of questions. First one, in this quarter, there has seen a meaningful difference between the gross and the net loans probably attributable to IBPC. So just wanted to understand the thought process of doing more IBPC in the quarter? And secondly, in the earlier remarks, you mentioned that you'd want to get closer to 80% CD ratio, in this calendar year itself versus 83%. But in the same breath we are holding our loan growth guidance of 18%, 18%-19% or whatever that would be around that. How do you bring down the CD ratio? Would you be meaningfully accelerating on the deposit growth from the current levels because that is what that would imply? Thanks.
The IBPC. So in this quarter, there seems there was around INR4,500 crores of IBPC done. So just wanted to understand the thought process behind doing this. This seems to be a larger number than the usual run rate.

IndusInd Bank Limited

IndusInd Bank Limited CC-Dec24.pdf · 2025-01-31
Just a couple of questions. The first one is on yi elds. So while the interest reversals due to elevated slippages are understandable. But if you look at the corporate loan yields, they have been declining in the last 4 quarters sequentially. So what is the reason there? Because we have been growing the sm all business loans faster than the large corporate. So that's question number one. And second question is on the asset quality. So even barring MFI, the NPAs in all other segments have inched up sequentially. And even the slippages in CFD is relatively el evated. So what's the outlook on the slippages in the coming quarters? Those are my two questions.
Got it, sir. And I have 1 more question, if I may squeeze in. It's on deposits. So is there any further debulking of deposits likely in the coming quarters? Or now the overall deposit growth should kind of move in line with the retail deposit growth?

HDFC Bank Limited

HDFC Bank Limited CC-Dec24.pdf · 2025-01-22
Yes. So, the first question is on the employee headcount. So, after dipping in 2Q, the employee headcount has again gone back to 2,10,000. And we have seen that some of the peers have been trying to stabilize the headcount and letting the natural attrition happen. So how should we think about the employee headcount going ahead? That's question number 1. And question number 2, Sashi did allude to his earlier guidance that this year, we should be growing slower than system next year in line and FY'27 faster. But in that context, while we are gaining deposit market share at around 16%, there is still inherent macro restrictions. And within that construct, the deposit growth can't be significantly higher. So how confident do we feel about growing in line with the system for next year. Does that guidance still hold?

Axis Bank Limited

Axis Bank Limited CC-Dec23.pdf · 2024-01-23
Thank you for the opportunity. I have two questions. First one is on the linking of the loan book to different benchmarks. So we see that the repo loan benchmarking, the loans linked to repo loans are up by almost 10 percentage point in last 1 year to almost 48%, 49%. That is in the context of mortgage loan growth being slower. So just wanted to understand what is driving this change in the context of impending rate cut cycle that we may see? That is question one. And second, just a small observ ation. The cost guidance has been removed from the presentation. So do we need to read anything on to this or anything you would like to elaborate? Thanks.
Yes, so we look at the loan book being benchmarked to different rates. And there are the loans which are benchmarked at the repo rate. The share of those loans have increased by almost 10% points from 38%, 39% to 48% now to the repo link ed rates. So given the impending rate cut cycle, first, I wanted to understand as to what is driving this higher increase in the benchmarking to the repo? And second, does this mean that once the repo rate cut cycle kind of begins, the transmission of interest ra te yields will now be faster or would you kind of course correct before that?

RBL Bank Limited

RBL Bank Limited CC-Sep24.pdf · 2024-10-19
I have a few questions. So the first one is on card. The credit card acquisition run rate has slowed down by 40% Y -o-Y to almost INR3.7 lakh s now. Despite new additions to the co -branded partnerships, would you believe that this is a new acquisition run rate? Or can this further accelerate? That's the first one. Second one is on MFI. The top three state exposures for us is materially higher than the peers and the industry. Bihar is one of that. What are the other two states, which constitute among the top three? And is there any diversification plan there? The third question is, if you could give out some data around the percentage of customers who have more than three to four lenders that would be helpful. And just a couple of data keeping questions, but if you could respond to this question, and then I'll just quickly ask some data related question?
Got it. Thanks for responding. And just a few data keeping questions. On Slide number 47, you mentioned SMA 1 and 2 for your MFI portfolio. And even on Slide 48 in the bottom chart, there is a SMA-1, 2. So what's the difference in the numbers between those 2 slides? That's number one. Second, if you could repeat the gross slippage and net slippage for the individual segments, which was laid out in the opening remark, that would be helpful. And lastly, if you could just quantify the stock of total non -NPA related provisions 283 is contingent provision. But in addition to that, any other restructured or standard provisions that we could carry. So stock of that. That's all from my side.

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Mar24.pdf · 2024-05-04
I have three questions. First one is on the liability strategy. So, while we have been pushing our digital over expansion of physical network if you look at most of the key liability ratios, whether it is CASA, retail deposit or even cost of deposits, they have deteriorated a lot more vis-a-vis the peers in this rate cycle. So, is that a continuation of the strategy or is there going to be a change in thought about how do you want to approach the liability side, building the liability franchise? That is question number one. Question number two is on the balance sheet strengthening. Again, if you look at the balance sheet construct over the last couple of years, we have ramped up the share of unsecured loans in our book and the loan mix is pretty homogeneous vis-a-vis the peers, but if I look at the total stock of provisions that we are now carrying is almost 45%-50% less than what the other peers are carrying, so would you think about adding some contingency buffer provisions for the future rainy days? That is the second and the third and the final question is again on the tech side. So, while you did quantify that Rs. 300 to Rs. 500 crore, is the impact, does that kind of take into account any benefits that you would see while deploying the resources in some other businesses because last year you spent almost Rs. 1,700 crore in the tech and this Rs. 300 to Rs. 400 crore quantification seems a bit on the lower end taking into account incremental spends that you would need to do on the IT side as well? Those are my questions.
Devang, just to follow up on this one, while I would agree that the provisioning would be adequate for the current level, my question was more from strengthening the balance sheet for future perspective. So, our total stock of provisions as percentage of loan is 1.6% whereas for the peers it is anywhere from 2.5% to 3.7% and they have been adding to the buffer provisions whereas we are barely carrying any, so it was more from that perspective, please?