Stockrabit · Analysts
Questions across 54 calls

Shubhranshu Mishra

Phillip Capital

HDB Financial Services Limited

HDB Financial Services Limited CC-Jun25.pdf · 2025-07-15
Hi. Good evening. I have two or three questions. The first one is, we are still in a startup phase, right? If I look at the product portfolio, only LAP and Enterprise Business Loans are the ones that are really stable, rest of them are anywhere between two to four years. So, are we going to see closure of any businesses or addition of any new business lines going forward? That's the first question. The second is around the customer segment. Out of the 20 million customers that we have, how many do we bank on a monthly basis, which is NACH hitting their bank accounts? And what is the percentage of repeat customers in those 20 million? The third question is around the PCR, which is about 56%. Despite a large proportion of our business being secured, 56% in EC L methodology would basically allude to the LGD. So, are we carrying excess provision or are LGDs at around 50%?
Right, right. From the current customer set, of a customer of 20 million, how many are we banking on a monthly basis? And what is the percentage of repeat customers here? The third question was around the PCR. We are at 56% PCR, despite a higher proportion of secured business. So, PCR would mean basically LGD. So are LGD at 50%+ or are we carrying excess provision?

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Mar25.pdf · 2025-04-28
Good morning Kundu sir. Two or three questions. The first part is on the number of people we deploy in collections across businesses and if we can split that into soft bucket and hard bucket. That is first. Second is that I saw a notes to account with this Chola Home Finance. So just for clarity, we are running the home loan business in that subsidiary. And third is that the LAP is growing at a strong level of 25%, 30%, and that is the guidance as well. Do we foresee seasoning and in that seasoning, we will also see higher credit cost? These are the three questions?
Sir, my first question remains un-answered. How many people in collections, business-wise sir?
Cholamandalam Investment and Finance Company Limited CC-Sep24.pdf · 2024-10-28
Three questions. The first one is around the fee income, a chunky piece is now coming from our insurance premium. How do we model for the insurance premiums going forward in the fee income? The second question is around the assignment that we used to do in vehicle finance. It's come off drastically versus, say, 6, 7 quarters ago. How do we look at that in terms of assignment going forward in vehicle finance business? And third, if you can spl it the collections team or collection employees into various businesses?
Say that number again?
Cholamandalam Investment and Finance Company Limited CC-Jun24.pdf · 2024-07-29
Congratulations, Kundu sir. I have 2 questions. First one is the fact that we are speaking about a 25%-30% growth. Our focus would be majorly on higher ticket items especially Vehicle Finance because that is what will propel growth at those levels. Is that a fair understanding? Also, is there an infinite market for used vehicles because almost everyone is doing that, like we have our NBFC competitors that are small finance clients there are certain banks, which are also entering. So, what is the total market size according to our estimates and where are we in the market share? And where do you think that we would be in market share? And just one last data keeping question. What were the number of loans that we did in Vehicle Finance t his quarter versus 1 year ago?
The total number of loans that we did this quarter was 2.65 lakhs.

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Mar25.pdf · 2025-04-22
Hi, Raul. Thanks for taking my questions. Three questions. The first part is as we have some new team members, if you can introduce them with a brief background of the new team members. I'm sure we have a notifications as well. That's the first. Second is if the auto or the wheels part is slowing down or at least we are alluding to the slowdown, it is slowing down for everyone. So how do we think of yield protection, or do we think of yield compression going forward because everyone would be looking at the same pie. And the third is around the collections. How many people do we deploy in collections and how many of them would be in soft bucket, how many of them would be hard bucket if we can split that it will be great?
Understood. Thanks. I will come back in the queue.

Muthoot Finance Limited

Muthoot Finance Limited CC-Dec24.pdf · 2025-02-12
I just wanted to understand the total number of customers we bank on a monthly basis. Of them, the number of customers who have got two gold loans with us, the number of customers who've got three gold loans and the numb er of customers who've got four plus gold loans with us.
I hope my voice is clear now. I wanted to understand the total nu mber of customers we bank on a monthly basis, the number of match accounts we bank on a monthly basis. The second part of this, how many customers have two gold loans with us, how many customers have three gold loans with us and how many customers have four-plus gold loans with us?

IndusInd Bank Limited

IndusInd Bank Limited CC-Dec24.pdf · 2025-01-31
The first one is on credit cards, the gross NPA has inched up on a sequential basis. And just wanted to understand the architecture of our ENR share, what percentage is transactors, how much is revol vers and how much are the EMI proportion? If you can speak about the number of credit card customers who have 2 or more credit cards? 3 plus credit cards and 4 plus credit cards. That's on the credit card. The second one is on vehicle financing, especially the SCV, LCV, HCV, there's been com mentary around asset quality ri p off and slowdown here. So how do we see this market and what has been our experience? And what do we think of the growth levels in these 3 specific segments going forward in the nex t year including small commercial vehicle, light commercial vehicle and medium and heavy commercial vehicle?
And the credit card question.

Bajaj Finserv Limited

Bajaj Finserv Limited CC-Dec24.pdf · 2025-01-31
Just two questions. The first one is we have a business LINE the health card that we have. How is that progressing, if one can speak on the MAU and DAU for the health app. Second is any management transition we are expecting in the fourth quarter, any move from Bajaj Finance senior management personnel to Bajaj Finserv?
Understood. If I can just squeeze in one last question. So the answer to the first question is a yes that Rajeev would make a move to Bajaj Finserv in the near term?

Bajaj Finance Limited

Bajaj Finance Limited CC-Dec24.pdf · 2025-01-29
Hi thanks for this opportunities. The first one is around -- the first question almost every investor asks is, when do we convert to a bank, is it today, two years from now, three years from now, seven years from now, 10 years from now, a definite answer would be very helpful? Second is, Rajeev, your term in Marc h'25, how do we think of management transition after that? What would be your role post March'25? Third is, with the core brand going off, there will be some degree of income pressure that we would see. What kind of fee income growth can we see from FY'25 levels and FY'26? And if you can speak of any new products and partnerships, which are underway? Thanks.
Actually, I asked for the fee income growth in FY'26 and any new products or partnerships which we can look at going forward?

Bajaj Housing Finance Limited

Bajaj Housing Finance Limited CC-Dec24.pdf · 2025-01-27
Quickly on housing home loans. Essentially, we have to grow the home loan and LAP part much higher, at least to meet our medium -term growth rates because they are growing at anywhere between 20% to 23% with home loans being a larger part because this is roughly around 70% of the book. So what is causing this slowdown in LAP book and home loan book? The second question is around the home loan book. We actually used to give a split between pure home loans and what is the top up. So today w e have got roughly around 56% which we quantify as home loans, but I believe there is a substantial part which is also top up. And by RBI's prescription, we need at least 50% which should be pure home loans, right? And 60% which should be related to home l oans and 70% of the assets should be related to entire pure home loans. So wanted that part. And of the bank borrowings, what is on external benchmark? These are my couple of questions. Thanks.
Just one counter question her e, Atul. You're talking about economies of scale kicking in next year from a very low ticket item. Our average ticket size is around 45 lakhs to 50 lakhs. We're talking about a 15 to 20 lakhs ticket size giving economies of scale just a year from now. The math seems staggering.
Bajaj Housing Finance Limited CC-Sep24.pdf · 2024-10-21
Hi Atul. Hi Gaurav. Congrats on the successful IPO. The first question is on the developer finance book and the LRD book. When we talk about the active customers or active developer relationships, are these unique corporate houses or how many unique corpo rate houses would we have in each of the book? That's the first. Second is, what is the exposure of our home loans and the developer finance book to luxury housing which is probably around INR4 crores plus in MMR and maybe INR2 crores plus in rest of India. And the third is a subset of this question. What is your view going forward on luxury housing growth because we're seeing a lot of launches in this sector?
No, what I'm asking is out of these 450 developers, how many are unique corporate relationships? I mean, do we have three or four major exposures?

RBL Bank Limited

Manappuram Finance Limited

Manappuram Finance Limited CC-Jun24.pdf · 2024-08-13
The first question is on the auctions that we have done in gold loan, what is the quantum of that? And what is the gold price per gram that we had in the quarter? And when we look at the AUM split, what percentage of AUM is less than INR 1 lakh, INR1 lakh to INR3 lakh and more than INR3 lakhs in first quarter? And when we look at the growth, sir, you mentioned that this really has come from one of the competitors going on so not competing. So what is the organic growth that we have had in this particular quarter from our own sources? And if we have the split of South versus non-South, sir?
Sir, if you can give me the auctions and th e AUM split on the call, I'll come back for the rest, sir?

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Sep24.pdf · 2024-10-29
Hi, good afternoon. Thanks for this opportunity. So, three questions. The first one is on the credit cost. What could be the proportion from SBI customers versus open-source customer in the 9% gross credit cost that we see. Second is that are we going to see strong spend growth in Q3, Q4, especially the festival season that so much being spoken about the urban consumption coming off and festive season has been just about okay. So how are we thinking about that? And third is around the new originations. So how much are we carding the carded there? In the new originations which could be probably the SBI or non -SBI, but what is the proportion of people who come in with a card in the new originations?
Two questions. The first one is we would be doing the Bureau scrub almost every month. So, what proportion of our customers have more than 2 cards ? What proportion of our customers have more than 3 cards? And the second question is that I understand that the customers are delinquent and have over leveraged. But in case they are not paying us who are they paying? Or are they delinquent everywhere?

IIFL Finance Limited

IIFL Finance Limited CC-Sep24.pdf · 2024-10-24
So, two questions. The first one is what is the level of provision and write -offs we are going to see in the microfinance business going forward in the next couple of quarters? Second is on the gold loan, are we seeing what is the proportion of customers who are coming up and pledging their gold in order to pay up for their unsecured exposure?
What has been the write-off in microfinance in the first two quarters and what is the write-off we are expecting in the next two to three quarters?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Jun24.pdf · 2024-08-05
I have one question, which is around margins, I'm sorry to belabor on it. Given the fact that our non-housing, which is developer plus the non-housing individual/ corporate used to be roughly on 23%, 24% around 3, 4 years ago versus around 13%, 14%. The -these buildings were actually margin accretive versus the salaried home loans, which is fairly competitive and take at least 4, 5 years to break even. So when we are targeting a 10% growth, are we talking about more of home loans than developer and non-housing individual or corporate or vice versa? Because then a little bit slightly difficult to hold on to the margin guidance. That's the first question. Second is just a data point. You did give the Stage 3 numbers for each of the asset classes. And is it possible to give the PCR on each of the stage 3?
Correct, sir. And just one observation here, sir, that though we are talking about a non -housing which includes the project loans and non -housing commercial and individuals. But when we look at the peak number in terms of Stage 3 for project loans, it was at around 45%, implying that almost 50% of the book was bad. So how do we comfort the investors so that this time on, we would build a much better book?

Aptus Value Housing Finance India Limited