Stockrabit · Analysts
Questions across 18 calls

Suraj Das

Sundaram Mutual Fund

Home First Finance Company India Limited

Home First Finance Company India Limited CC-May26.pdf · 2026-05-07
Hi, thanks ma’am. Two questions. First, if I look at the number of employees per branch, it has steadily increased, let us say, from 9 in FY23 to almost 11 now. Do you believe further strengthening of the manpower will be required given probably the higher attrition in the sector and also the competitive intensity in the sector? This number can go up further. What is your opinion on that? So that is point one. Second question on this origination yield, I mean, looking beyond the quarterly movements, you have taken a 35-basis-point PLR increase in FY25, still the yields remain broadly flat on FY 25 versus FY 24.. Now, over the past few quarters, the origination yields are coming down and then you have also taken a PLR cut. So over the next couple of years, do you think yield could remain under pressure given the competitive intensity to sustain growth?
Okay. Sure. ma’am. Thanks sir. That’s it from my side.
Home First Finance Company India Limited CC-Jun25.pdf · 2025-07-28
Hi, s ir. Thanks for the opportunity. Sir, the question is on disbursement. This quarter disbursement has been weak. I think you called out a couple of places where probably there was seasonal impact. But sir, if I look at your guidance and what effectively you were saying is that over the next nine months, the disbursement growth will be something like 24% - 25% on a y- o-y basis. But if I look at your disbursement this quarter, it has been only 7%. And even if let us say, adjust for the co-lending business, it is hardly 4% - 5%. So, sir, I mean, the question is in terms of disbursement, what are the challenges? In your couple of geography also, not only the ones that you have called out for. But also, let us say, in UP and Uttarakhand, I think the AUM growth is slowing down. So , if you can give us more color in terms of disbursement and then what has been the pain point for this quarter and how you are planning it? If you can give us a bit more color on that?
Okay, sure. And sir, if I may ask, what was your April disbursement this year versus historical run rate? I mean if the April was slower, is it meaningfully slower?

Five-Star Business Finance Limited

Five-Star Business Finance Limited CC-May26.pdf · 2026-04-29
Yes, hi sir. Thanks for the opportunity, sir. One question on ROA. I mean, how do you see the ROA panning out from here on, given that your steady-state credit cost is only 20-30 basis points lower than the current level? And so, therefore, the ROA driver would be only margin. So how do you see that margin panning out? Do you see the margin probably a bit of coming down over a period of time , while you scale, because of the increase in the ticket size, and so on ? And hence, probably ROA could be here only at the current level of the fourth quarter, or how do you see ROA? That is the only question, sir.
Sure. Got it, sir. Thank you so much.

Mahindra & Mahindra Financial Services Limited

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited CC-Jan26.pdf · 2026-01-24
Yes. Hi. Thanks for the opportunity. I think a few questions have already been answered. Just a follow-up and two questions total. First one on the credit car d follow-up. While as you have mentioned that your Solitaire Card seems to be performing well, but I guess last time, you had earlier slowed down the card acquisition through 811 channel for the mass customer segment. Has that funnel been reopened? That is one. And also, in terms of the Solitaire Card, it is a Super Premium card, right. So, is it a ROE accretive product? Related to credit card also one question. In terms of this proportion of personal loans on credit cards, what could be that proportion in terms of this overall personal loan book of INR 25,000 crores? So, that is question one. Question two, sir, is on strategy a bit. In terms of, say, the Bank's leadership bandwidth in the consumer vertical has been further strengthened. In that context, do you have any plans, say, to expand or rejig the consumer Bank's product portfolio? Are there any products which are probably not key focus areas or maybe growth drivers today or maybe you are not offering currently, but you see becoming incremental growth drivers overtime? And the last question, sir, in terms of this IDBI deal, what would be your comments? Since now government has finally invited bids?
Sure, sir. And sir, those 2 questions on the strategy on the consumer Bank and the PL on?
Kotak Mahindra Bank Limited CC-Dec24.pdf · 2025-01-18
Thank you for the opportunity, I think a few questions have already been answered, just a follow-up. I think in the commentary you mentioned that there are signs of stress building up in the CV segment. However, if I look at the growth that is impact, in fact the growth has been in this quarter 4% versus last quarter 3% on a Q-on-Q basis. So, I just wanted to know if you can give some color in terms of the segments where we are growing or you are seeing pockets of opportunities and where do you see it going in LCV, HCV, MHCV , what kind of group? Or is it the construction equipment piece or what kind of growth you are seeing in this book from which segment? If you can give some quantitative color, that could be great.

Bank of Maharashtra

Bank of Maharashtra CC-Sep25.pdf · 2025-10-14
Thank you for giving me the opportunity. Sir, two questions. First one, your Agri GNPA has increased quite a lot over the last one year, and the number is touching almost 10% now. Anything specific that is happening there or any particular state or anything there? That is question one. Question two, sir, your comment on ECL, any impact there on both the credit cost or the asset quality side as well as on the fee income side, because now I think fee will be amortized?
Sir sorry, fee income and credit cost is in the context of ECL.
Bank of Maharashtra CC-Jun25.pdf · 2025-07-15
I think I will follow up with the previous question. I think in the last quarter, 40% of the loan book was linked to repo. Now I guess your transmission of the repo rate cut would be immediate. I mean, which would be T+1. 40% of the por tfolio seeing something like 75 to 100 basis point rate cut, but still your yields are intact. Could you explain what is the mathematics here, beyond whatever you have mentioned because if you transmit 75 to 100 basis point on the 40% of the portfolio, it would be something like 30 to 40 basis point kind of a yield decline, but your yields are intact on a Q-o-Q basis?
Sure, sir. Understood. I mean, while your cost of deposit has come down, I think your cost of fund has not, that is also partly because your borrowings has increased . Is this opportunistic in nature? Or could it could be strategic also given that you are replacing your bulk deposit with some of the borrowings this year. I mean if you can give some rationale there.

IIFL Finance Limited

AU Small Finance Bank Limited

AU Small Finance Bank Limited CC-Jul25.pdf · 2025-07-19
Yes, hi. Thanks for the opportunity. One question, I mean, on this credit cost again, on this unsecured MFI, credit card, personal loan, I can understand. But, Sanjay sir, I mean, structurally, if I see for last 6, 7, 8 years, your retail credit cost has always been 70 basis point or lower, barring the COVID year. Let us say, since FY '18. But for last 3, 4, 5 quarters, it is only running up and high. so, I mean, the question is structurally, what has changed? I mean, in the face of growth, I mean, have you structurally loosened some risk filter or have done something like that? And would it be fair to assume that probably that 60, 70 basis point credit cost in the secured retail is not possible anymore? Probably, if you are growing at 20% plus, more or less 100 basis point credit cost is a new normal. So, that is my only question.
Sure. But in terms of underwriting, I mean, nothing has changed over a period of time.

Axis Bank Limited

Axis Bank Limited CC-Jun25.pdf · 2025-07-17
Again, I mean harping on this technical thing, I mean just one simple question. If I have understood correctly that now since your upgrade will only happen if they pay, let us say, 3 EMI and since you have started this exercise from first quarter, would it be fair to assume that probably going into second half, your recovery or upgrade number would be meaningfully higher versus the current levels? Because by that time probably whatever the stock impact you have had in this quarter, those would have paid, let us say, 2-3 EMIs already and hence probably your recovery upgrade number would be meaningfully higher. So that is question 1. Question 2 is put it very simply that till last year you were following a different classification and now you are following a different, let us say, policies. If I assume that everything is same last year versus this year, would it be fair to assume that your slippages number for second, third and fourth quarter would be higher this year versus Y-o-Y because now you are not going to recognize those OTS number into the flow? And if I assume that everything is same, your incremental slippages are not coming down. Hence your reported slippages should be higher. Is that the understanding correct? These are my two questions.
Sure. And sir, one last question, if I may. Sir, your PCR has come down this quarter. Directionally, would it continue to come down or I mean how you are thinking about the PCR?

The Federal Bank Limited

The Federal Bank Limited CC-Dec24.pdf · 2025-01-28
Sir, two questions. One, I think in the initial remarks, you mentioned some headwinds on the gold loan growth going ahead. So, if you can maybe elaborate on that. The second one is on the CV and CE book. So, basically, if I see the disbursement growth this quarter, it has been pretty good. I mean, on a QoQ basis, it’s roughly 20–25 odd percent. So, what kind of growth are you seeing, and how do you see this growth going ahead? And also, I think you mentioned that you are now changing this group from floatin g to fixed. So, what could be the blended rate on the CV and CE book if you can highlight? Is it low single digits, mid-single digits, or higher?
Sure, and on the gold loan piece, in terms of these regulatory things, are we compliant at the moment, or are there still some changes to make?
The Federal Bank Limited CC-Dec23.pdf · 2024-01-16
Hi thanks for the opportunity and c ongratulations on a good set of numbers. Just one question, sir, in terms of NIMs. So if I see your yield on advances, that has been pretty stable on a Q-o-Q basis over the past 2, 3 quarters. However, at the same time, I think incrementally, your focus has always been on the higher-yielding segment. So despite your incremental focus on the higher yielding segments, your overall yield on advances is not going up. So just wanted to check what is -- I mean, what could be the rationale -- are you becoming more risk averse on your existing book on the core book? Or I mean, is it the deviation that is changing the whole game? Or I mean what could be your reading into that?
Right. Okay. Sure, sir, understood. Thanks.

PNB Housing Finance Limited

RBL Bank Limited

RBL Bank Limited CC-Dec24.pdf · 2025-01-18
I have three questions. The first one is a clarification. So, when you say that in the MFI, the provisioning policy is 25% every quarter we see some 1 DPD or is this from 91 DPD?
Understood, sure. The second question is, sir, on the collection efficiency, the improvement that you have seen in December, if you can give some geographic color in terms of where -- I mean is this improvement across broad -based all the states? Or how has been the situation across states? And also, if you can just talk about a bit more about Bihar, UP and probably Rajasthan, which would be your top couple of states.

Union Bank of India

Union Bank of India CC-Jun24.pdf · 2024-07-20
Couple of questions. One is on the yield on advances, that has declined on a QoQ basis. If you can shed some light, I mean, what is the actual behind that? And has there been any impact because of this revised payment charges guidelines? A. Manimekhalai Yes. Yield on advances has declined by about 15 days, primarily due to the fall in our DL recovery. About 11 bps impact it had because of the DL recovery compared to the previous quarter. We also saw a small increase in the average advances, that's about Rs.10,000 crores increase in the average advances. That's the reason there has been a decline, and plus if you look at this we were able to pass on the MCLR reset of only 25 bps during the year. So, that is the reason that if you look at YoY there is a decline in the yield on advances.
So, the second question is on the standard asset provision. So, I think this quarter you have provided something like Rs.1,300 crores and similarly, I think if I see let us say SMA -0, that book has also increased. So, if you can shed some light here? A. Manimekhalai Standard asset provisioning, we have done to the extent of about Rs.1,296 crores. It's increased to that extent. This increase is due to an anticipated distress or potential restructuring in a couple of accounts. That's the reason that we have done this additional provisioning.

Karur Vysya Bank Limited

Karur Vysya Bank Limited CC-Mar24.pdf · 2024-05-13
Congratulation on a good set of numbers. Sir, a couple of questions. In terms of non -interest income over the last couple of years, obviously, you have done the franchisee a nd non-interest income growth has been very good, but what is the trajectory from here on? Can we expect still higher the loan growth income in the non -interest side? And also within this, I think last year, we did something like INR200 crores of T .W O recovery. This year, nine month, the number was something like INR220 crores. So I'm assuming for the full year, that number would be higher. So I mean, what is the visibility there in terms of this TW O recovery supporting the overall non-interest income also. So yes, that is the first question.
Okay. Sure. Understood. And s ir, on the floating provision, so for last quarter, you have done it. So will it continue for next financial year as well since this is a good time, and you will continue to create provision in the next...

IDFC First Bank Limited

IDFC First Bank Limited CC-Sep23.pdf · 2023-10-28
A few questions have already been answered. A couple of questions . I heard that you talked about more in a detailed way on the branch vintage and all that thing. If you can also talk about on the customer acquisition run rate, what has been in your Bank for the last couple of quarters and vis-à-vis what was the run rate for, let us say , a few years back on that ? Also, nowadays I mean when I hear a lot of Banks, I mean people all talk about going more penetration on the existing customers base. So , on that front I mean , what would be your product per retail customer, how has been that trend if you have any analysis or any thoughts there?
But, sir, do you have any number on the customer acquisition side , what was the customer that you acquired in the last quarter?