Stockrabit · Analysts
Questions across 36 calls

Supratim Datta

Ambit Capital

Computer Age Management Services Limited

Computer Age Management Services Limited CC-Mar24.pdf · 2024-05-10
I had two questions, particularly on the insurance repository business and the CRA business. So on the insurance repository business, you talk about how the current regulation do not mandate Demat -- storing policies in Demat account. Just wanted to understand then how will you drive consumers towards moving away from PDF copies towards EIA accounts? How would this journey be facilitated by a player like CAMS or it has to be facilitated by the insurance company? In which case, this could take longer to happen, the transition from PDFs to EIA accounts? That's the first question. The second question on the CRA business. We understand that recently, the government has opened up the APY business to other players as well beyond Protean. So just wanted to understand how d o you see the opportunity in this business? And how do you look at scaling that up? Those are my two questions.
Perfect. And just one question over here. So could you -- the existing customers who would already be on APY with Protean, could you get a share within that existing customer base? Or is it mostly in the incremental new customers will be getting the share?
Computer Age Management Services Limited CC-Dec23.pdf · 2024-02-07
So my first question is, you gave some color on how costs have tracked in this third quarter. But just if you could give us a split between the cost, how much of that is for the core MF RTA business and how much is for the non-MF business, that would also help us understand how the profit and the profitability is tracking in those two segments? That could be one of the questions. The other question is on the KRA business, yo u indicated that you have entered into 25 new relationships with fintech’s. Now I wanted to understand that what is driving your ability to enter into these new relationships with fintech’s? Is it product differentiation that is helping you here? Because from a KYC record perspective, you are still significantly lower than the market leader. So I wanted to understand what's your differentiation there? Those are the two questions.
Got it. Just a quick follow -up on one of the first question on investments. So on the non -MF side, I understand you are spending INR5 crores to INR6 crores additionally for some of these initiatives that listed. Now going forward, should we continue to see this these new investments and new initiatives and spend them in the next year?

Max Financial Services Limited

Max Financial Services Limited CC-Mar24.pdf · 2024-05-07
So I'll just continue from the first participant's question. So on the negative operating variance, could you tell us what led to have the mortality tightening on the group credit life what may you tightened estimate? And typically, how long an experience do you look at it 2 years or 3 years before you tighten the estimates? If you could throw some color on that, that would be one. Two is, in the last 1.5 years, you have formed several non-Axis Bank partnership. If you could give us some color what is the counter share , be in from Tamilnad bank or non-DCB Bank. And how are you looking at expanding the counter share in these banks? That would be very helpful. Those are my two questions.
Understood. And just one data keeping question. Could you let us know what is the proprietary channel, what is the proportion of agency versus debt side and other outstanding?

Central Depository Services (India) Limited

Central Depository Services (India) Limited CC-Mar24.pdf · 2024-05-06
I have 2 questions. One, on the cost front, have you had a significant jump in both employee and their costs in the depository business, the standalone business? And if I look at the subsidiaries, there you may see jump in the tech cost in the fourth quarter again. So, if you could just explain to us what are the areas you are investing at the stand-alone level in terms of employee and tech and in the subsidiary that has been like I can best recall. That would be very helpful. The second question is on the full year. I understand you don't take the folio numbers, but could you give us, what I think the growth in folios this year FY '24 versus last year. And lastly, if you could give us a breakdown of the other income between cash, e-voting and others, that could be very helpful.
Sir e-voting was INR4.42 crores, right?
Central Depository Services (India) Limited CC-Dec23.pdf · 2024-02-07
Thank you for the opportunity. My first question is on the faster settlement that the regulator has been pursuing. So just wanted to understand what is the current timelines that we are working with on that? And what kind of investment or change in infrastructure, what CDSL has to take to adapt to these changes when it comes to faster settlement? That's the first question. And the second question is on the compulsory dematerialization of private company shares. Now I understand that all the companies will have to get their shares dematted by September '24. So, when should we start seeing the companies coming up to CDSL and your competitor, NSDL and getting their shares dematted? Should that start happening from the fourth quarter or first quarter next year? When do you start seeing the volumes? Those are my 2 questions. Thank you.
If I could just have a follow-up on the first one. So I understand that you are putting in the right kind of infrastructure. But when you say right kind, does it mean more people or does it mean more investment in technology? If you could just elaborate on what does right mean.
Central Depository Services (India) Limited CC-Sep23.pdf · 2023-11-01
Sir Nehal, for the first question. If I look at your employee costs and I am talking about the stand-alone business. The employee costs have stabilized vis-à-vis the first quarter. Should we assume this to be the run rate going forward as well? So that's the first question before I go into my other questions.
Okay. On the MCA and the notification by MCA. So, like, people, before me also discussed. There are around 14 million, 15 million companies -- 14 lakh companies, 14 lakh, 15 lakh companies. How out of this, how many would fall into this bucket of above INR40 crores turnover? Do you have any sense around that?

Bajaj Finserv Limited

Bajaj Finserv Limited CC-Mar24.pdf · 2024-04-26
So, the first question that I had was around the motor TP front, like we pointed out that we haven't had a price increase. However, this year, we have seen others loss ratios improving at an industry level there. So, what would be the trigger to get a price increase here? Do you see scope for price increase in this segment this year? Or that is also looking unlikely? If you could throw some color on that, that would be very helpful.
Got it. When is this discussion like going to come through? Ideally, it comes in June, right, where the price hike.
Bajaj Finserv Limited CC-Dec23.pdf · 2024-01-31
My question, I’ll start off with the BAGIC business. On the retail health side could you give me a split of the loss ratio between the retail and the group health business you have clubbed it together so that will be the first question. And secondly on retail health, the growth when I see it in the 3rd Quarter as around 14.5% that is lower than what the parties are doing, or other private multi line players are doing and this is despite BAGIC investing in this business creating a separate vertical for retail health. So, just wanted to understand how you’re looking at growing this business. What are the key investments you’re making and when we should see these investments play out that’s on the BAGIC side. I have a few questions on the BALIC as well I will get to that later?
Now moving to the BALIC business over the last two quarters the growth in the direct channel has been strong. I just wanted to understand what has changed in this business that it’s delivering 40%, 60% kind of growth now. That’s the first one. And secondly you spoke about product level margins I wanted to understand that whenever we look at the different channels had the commissions in the different channels changed because some of the life insurance companies have indicated that in the multi insurance channels, commissions have increased and given you typically compete mostly in multi insurance channels when it comes to Banca partners just wanted to understand it there has been any shift in commissions segment those are the two question?

Life Insurance Corporation Of India

Life Insurance Corporation Of India CC-Sep23.pdf · 2023-11-10
Thanks for the opportunity. My first question is on this call previously you mentioned that you know how you have been investing in alternate channels and banca channels and growing those channels. But if I look at the numbers, it looks like the second quarter individual NBP source to the Banca and Alternate Channel has declined by around 2%. So, if you could talk about what is driving that decline? So, that is the first question The second question is I wanted to understand within the non-par how much of that is coming from the banca and alternate channels versus agency. And the third question was in the embedded value, embedded value walk. And now, could you let us know what proportion of this increase is coming from economic variance? That's the third. And finally, on the annuity piece, I just wanted to understand what proportion of your annuities will be coming from PSU employees versus non-PSU employees. Thank you.
Sir I was just talking about the second quarter. So if I look at the second quarter, then there is a decline of around 2%.

Kfin Technologies Limited

Kfin Technologies Limited CC-Dec23.pdf · 2024-01-29
Thanks for the opportunity. Starting with the international business wanted to understand, what is the mix of FA and RTA business do you see in this business in the next five years? That's the first part and the second part is on the XA lt business you know this is a platform which has significant growth opportunity not only in Southeast Asia, but in other international markets as well. However, this is a mature market with you know well-entrenched operators in this business already. So, what are the differentiators for your XAlt platform that you think will help differentiate and penetrate clients, hedge funds or other asset managers. So , if you could start with those two questions on the international side before, I go to some other questions.
That is very helpful and very elaborate answer. Thanks a lot for that. On the cost side, I want to understand that you have been making investments in this business you know to drive and rightly so because it requires, future proofing. Also, I wanted to understand given the focus on tech and the tech lifecycle is getting shorter. Are these investments more recurring as compared to one -off and that is how we should think of it that you know it should continue at a similar level rather than, there being a currently there being a step up and going forward there being a step down in cost. So just if you could give your thoughts on this?

SBI Life Insurance Company Limited

SBI Life Insurance Company Limited CC-Dec23.pdf · 2024-01-25
My first question is on a recent article in the newspaper, which talked about how SBI has stopped promotion in its circles until 31st March. Just wanted to understand how does this impact our growth in the fourth quarter? And two, wanted to understand what kind of sales practice or changes in sales practices you will have to bring about to address some of the recurring concerns around big mis- selling, which keeps coming up? I understand that your ratios are low, but these are concerns which keep comi ng up. So, from a sales practice perspective, what are the changes that you are trying to bring about to address these?
SBI Life Insurance Company Limited CC-Sep23.pdf · 2023-10-27
Thank you, sir. Thank you for the opportunity. I had three questions. Starting with the first one. Now if I look at your commission to premium ratio and compare second quarter FY '24 with last year, there seems to be a 60-basis point impact in your commission to gross premiums. But when I look at the product mix, the ULIP, which has typically had lower commissions, that has increased. So how should I think about this? Why has the commission into gross premium ratio increased? That's one. Number two is on the individual protection, that has declined in the second quarter, just reasons why that has been the case because your peers are seeing growth in that category? And lastly, on the agency, you one of the key drivers for your agency growth has also been agent additions last year, on a gross basis, you added around 75,000 agents. This year, you have added till date around 50,000 agents. So how should we think about agent addition going forward? Can this pace continue? And what has been driving this significant agent addition because previously, you were not adding agents at this rate? So, if you could help me with these three questions that would be very helpful.
Got it. Sir, just to clarify one point. So, on the commission to gross premium, it has actually increased from last year. So last year, it was 4.4%, this year it's 5%?

ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company Limited CC-Dec23.pdf · 2024-01-16
My first question is on the new strategy of ‘One IL One Team ’, so could you help me understand what would be the impact on the topline from the strategy and would this also have a cost impact in the form of cost savings that is my first question? My second question is on the reinsurance, so globally if we see the reinsurance rates, this year at 1st Jan has gone up somewhere between 30 -50%, what are we expecting here in India given CY23, number of NATCA T events, which were higher than what we had seen in CY22, so that is my second question? And lastly, I would just like to understand, currently that now that the growth has returned on the motor side, what is the market share that you have now within the private car segment or the two-wheeler segment and the commercial vehicle segment if you could help me with that?

HDFC Life Insurance Company Limited

HDFC Life Insurance Company Limited CC-Dec23.pdf · 2024-01-12
The first question that I would like to pose is on the EoM guidelines change. Over the last two quarters, we have heard that the commission rates have been changed across different channels. Just wanted to know what is the current status , whether there has been any negotiation at all, whether the channel partners have come to a close or is this something which could continue for the next 2 or 3 quarters.
And coming back to our previous comment that you made that the ticket sizes below 5 lakhs have been growing at 3x the Company level, which basically means 15% and given you have previously indicated that above 5 lakh ticket size policies are around 11 % to 12% that could mean that 5 lakhs and above policies this year has contracted by around 2/3 rd compared to last year for the first 9 months. Is that the correct inference?

ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited CC-Sep23.pdf · 2023-10-17
I have thr ee questions. The first one is we have a thousand partners now on the partnership distribution channel. So just wanted to understand the partners of scale are there, still which you could add, then continue growing this channel. The next question that I ha d was on product innovation. In the first half we did not see a lot of new products. So, going forward and on the second half, do we expect to see more product launches happening and which segments would those product launches be targeting? And lastly, rec ently there was an article in the press talking about capping commissions for credit life policies at 30%. Just wanted to understand your views about what kind of discussions are you having with your partners on the commission structure post this new guideline which has been applicable from 1st April?
I was more interested in what is going to come in the second half. If you could give some colour on that?