Stockrabit · Analysts
Questions across 54 calls

Shubhranshu Mishra

Phillip Capital

IDFC First Bank Limited

IDFC First Bank Limited CC-Jun24.pdf · 2024-07-27
I've got two questions, actually, both on two different asset classes. One is the digital person loan, the second one is personal loan. And the other one is on digital consumer durable loans and consumer durable loans. Just wanted to understand what is the difference in terms of ticket size, the cost of acquisition, the customer segment that we are targeting in both these segments? And what is the sourcing difference here? And my last question would be what kind of zero plus are you seeing in salaried PL and digital PL now versus, say, two quarters ago?
Yes. Correct.

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Dec23.pdf · 2024-01-25
The first question is on open-sourced customers and SBI sourced customers. When we onboard both customers, how many of them or what percentage of them already have a credit card or another trade line? That's the first question. And second is, what was the spend in the festive season for the 2 ,200 schemes that we just discussed? What's the absolute dollar value of these spends? These are my 2 questions.
10% to 15% will have a credit card?

PNB Housing Finance Limited

PNB Housing Finance Limited CC-Jun24.pdf · 2024-07-25
Girish, two questions. The first one is around the PMAY Scheme. My fair understanding is that the scheme has to be implemented at scale as far as self-construction then it can be implemented. However, if the builders have to recover their inventory it will take a longer period of time because that supply itself has come off. I just wanted your thoughts on that, how long will a developer take to recover their inventory for Affordable housing? And when do we get that benefit in terms of certification of disbursements at scale? Well, I understand for self -construction houses this could have immediate benefit. The secon d is around the ARC sale, h ow much of provision are we carrying on the SRs right now on the ARC sales? Thanks.
So, will we change our disbursement growth guidance once we get the final print?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Mar24.pdf · 2024-05-16
Two questions. The first one is on the various appointments that we have done. So a lot of senior heads have come in from LIC who are in their late 50s, and would be probably sent to Housing Finance business. So my question is that why are we not appointin g professional managers in the regional zones or zonal managers to run the Housing Finance business instead of taking it from the parent who are in their late 50s who may or may not have commensurate experience in running a housing finance business? And wh y are we giving close to INR500 crores dividends when we have so much of bad assets? So if we can conserve on that, we can probably add to our management overlay. Second is, at a point in time, our gross Stage 3 on the corporate book was 45%, implying that 50% of the book was bad. So why don't we just run it down and we say that, okay, we will only be a home loan or an individual -- catering to individual, then we d on't do corporate assets at all?
Understood, sir. I look forward to tremendous growth in FY '25.

Bajaj Finance Limited

Bajaj Finance Limited CC-Mar24.pdf · 2024-04-25
I've got two or three questions. The first one is, do we have any plans to list in the international market, either through ADR or GDR? Second is with respect to struggling businesses which is -- 1 of gold loan second is broking. When do we see a INR1,000 crores bottom line for each of the businesses? What's the timeline if you can comment to that. Third is that the B2C business, when we include urban plus rural, that, in my sense, should constitute a larger amount of the profit pool, closer to 35%, 40% basis which we cross-subsidize other products or other businesses. Now given the fact that we have been hitting the credit cost from these businesses, are we facing issues in cross-subsidizing the other businesses?
My question still remains unanswered, what's the commitment in the INR1,000 crores bottom line from gold business and broking business?

Muthoot Finance Limited

Muthoot Finance Limited CC-Dec23.pdf · 2024-02-14
The first question is around the loan book proportion you gave out what is less than 1 lakh, but within that, what is less than 50,000? That's the first question. Second is, what is the accrued interest? Third is in the PPT, sir, I saw that you do use Paytm as our payment services for loan repayment. I know we are using other Fintech companies also. But what is our dependence on Paytm? And do we plan to stop it or alter that relationship?
What is the proportion of AUM less than 50,000, sir?
Muthoot Finance Limited CC-Sep23.pdf · 2023-11-09
The first one is around what is the quantum of interest reversal? The second is, what prompted us to do this ARC sale? This is the first of its own kind. And any which way we have -- you're negotiating with the customers to come and get their gold loans -- gold collateral back which we used to do any which ways using auctions. So why don't we choose this path of ARC sale and not doing auctions? What was the thought behind that? And what is the quantum of interest reversal?
What is the quantum of interest reversal?

Five-Star Business Finance Limited

Five-Star Business Finance Limited CC-Dec23.pdf · 2024-02-02
Three questions. The first one is on the Stage 3 provisions at around 50% to 54%. For a secured book like us, it sounds out of that because this should be pretty much the LGD. That's the first question. Second is on what is the net curing rate from bucket 1 to bucket 2 this quarter versus, say, a year ago, what was the number? Third would be, what kind of premium does the bank charge to us above MCLR and EBLR? A blended rate would be okay.
Just one observation that -- well, you did explain the Stage 3 provisions, but it still looks out of whack for a secured book that we run. And the second part is that we do speak about our strong collection mechanism. It seems out of whack, 50% is too high for a secured book. It seems like it's an unsecured book that we are running, which is not the case. So that's my only observation here?

Cholamandalam Investment and Finance Company Limited

AU Small Finance Bank Limited

AU Small Finance Bank Limited CC-Dec23.pdf · 2024-01-25
Hi. Thank you for the opportunity. So just looking at the credit card Slide 44, and just matching it up with the kind of credit cost that's been discussed on previous questions. This just seems out of whack 75% issuance new to bank customers, just like very high even on a global parameter, even the closest competition, which does new to bank would be around 50%. And the average limit per card is around 1.74 lakhs, which would be easily around 50% to 60% more than the industry average basis that the kind of credit cost that we are taking off around 5% or 6% looks absolutely benign. So what's the case here? We do not have a risk management team at all in credit cards? What are we doing here in credit cards, that looks absolutely outrageous?
Also if you can speak about the cost of acquisition per card. That’s all.

Can Fin Homes Limited

Can Fin Homes Limited CC-Dec23.pdf · 2024-01-23
Wish you a very Happy New Year. Two or three questions. The first one is why have we seen lower opex in this particular quarter versus the last quarter and you did guide for the cost to income but then what would be the average quarterly opex that you can expect in FY2025 that is on the opex? Second would be, on the disbursements, what is the number of loans that we do on a monthly basis. The third part is you did mention about builder connects and getting the higher ticket sizes, but then these would be more affluent customers and there is a possibility that it can lead to faster rundown of your book, because there would be more affluent and they would have higher prepayment capacity, so these are my three questions. Thanks.
Understood and if I can just squeeze in one l ast question. If we have to split the open in terms of cost of acquisition, cost of collections and business as usual, what would be the ballpark percentage?

RBL Bank Limited

RBL Bank Limited CC-Dec23.pdf · 2024-01-19
Three questions on the credit card portfolio. First one is when we land a credit card to a Bajaj finance customer, what is the ownership of that customer -- so does he permanently become our customer and Bajaj Finance cannot give him any kind of such products whether it is credit or non-credit or is it a transient movement, Bajaj can also lend him any credit or non-credit product, we can also l end him any credit or non -credit product whether savings account or any type insurance or another personal loan for example? Second question is the present set of regulations say that the originator cannot be the collection agency . So, in the co-brand of Bajaj Finance, is Bajaj Finance or any of the subsidiaries or any of its parent subsidiaries doing the collections for that particular portfolio? The third question is what is the percentage of less than 25,000 credit limit credit cards in the entire credit card portfolio?
Who is doing the collections of the Bajaj Finance portfolio right now … what is that entity's name?

Manappuram Finance Limited

Manappuram Finance Limited CC-Sep23.pdf · 2023-11-13
Hi, sir. Two questions. When you are talking about this 8% gold loan growth, what would be split that should come from South India versus non-South geographies? And second, just to take the question on the income at a consol level and then forward. Given the fact that we are doing household products, do we have certain KRAs which are assigned to the sales of these household products at the MFI branches for employees? Thanks.
It's been almost close to two years that we are not giving out the regional AUM mix. Our south AUM was upwards of 60% as of March quarter, FY 2022. So we don't have a number because we have not been publishing it for the last two years for some reason. Then having said that, south should really weigh on our growth. Even upwards of 50%. That's the specific question I am asking. What would be the south versus non-south growth? I understand that India has a large geography and w e have a large opportunity. I have a very specific question for south versus non-south? Thanks.