Stockrabit · Analysts
Questions across 5 calls

Vikram Subramanian

Marshall Wace

Muthoot Finance Limited

Muthoot Finance Limited CC-May26.pdf · 2026-05-14
Congrats on a good set of numbers and on the strong yields. I just wanted to get a clarification on the yields based on all that you have been commenting till now. So, for the past three quarters, we have had a few one -offs in the yield, some INR 300 crores to INR 600 crores per quarter based on NPA recoveries and ARC sales. You used to say, so the sustainable level of yield was something around 18.5 %, while the reported yields were 20 -20.3. Would you upgrade that 18.5% now for the next year or for a sustainable basis? Is that 18.5 now closer to 20.5? Oommen K. Mammen It's not, this number is not that particular. It's not like a long -term loan where we are giving a loan for 10 years or 5 years or 20 years. So, this is a very short term. Tomorrow, if we want to increase it, we can increase it. We may also reduce it. What is the impact? Because we have a comfortable margin. This quarter, I think we have generated an ROI of around 7.5. So, it doesn't matter much in terms of the ultimate impact on the return asset. So, we don't want to give a view that the same rates will co ntinue. Again, to be very frank, I have just now asked on the competition, customer-based acquisition, etc. So, we as an institution might take calls in different points of time. So, we don't want to give a commitment that the same yields will be maintained.
Understood. But at least to clarify on that, the pricing increase that you took at some point in time in the past few months, which has resulted in this yield, as we speak, as of mid -May, that pricing has not reverted back to the previous lower pricing. Am I right in this understanding? Oommen K. Mammen Think from our point of view. We don't want to give out our strategy in terms of approach. As everyone says, it is a highly competitive market. So, what we roll out, probably we can tell you after we execute it.

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Mar25.pdf · 2025-04-24
Am I audible?
It pertains to gross Stage 2 and gross Stage 3. Basically, if I look at the trajectory of gross Stage 2 from first quarter, it's been going down steadily. And in fact, we have had a reasonably significant improvement in this quarter. This is on gross Stage 2, but Stage 3 is kind of sticky. So how should we look at this? What could be the outlook? Should we expect Stage 3 to remain at these levels, but Stage 2 to continue to reduce at the pace?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Sep24.pdf · 2024-10-29
Hello, am I audible?
I just wanted to get some clarity on some operational aspects of our core home loan products. Basically, in the prime home loan category, if a customer wants to take their home loan through a different lender through balance transfer maybe to one other bank, what are the practical frictional costs that the customer faces? Is there any cost that we charge them? What are the various costs that we can charge them and which ones we can practically impose?

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Mar24.pdf · 2024-05-02
I just wanted to get some clarification on the overall ECL cover. So, there is something that we have been noticing has been steadily dropping. So, now the overall ECL cover is at about 170 bps on the total portfolio. I understand the portfolio quality has been improving steadily and is at a very good stage right now , but is there any plans to create some macro prudential provisioning given we are at a very good credit cycle and this is a good time to create some buffers for some time later when cycle could turn bad and also given the fact that 170 bps seems a bit low? I just want to know at what point you might consider creating such a provision. Is it based on a timeframe or is it based on any early warning signals?
That’s clear. I also ask because on stage 1 as well there seems to be some reduction in coverage, but thanks for that answer . That’s clear. If I may just, can you give some color on what the current PD and LGDs are for?

IDFC First Bank Limited

IDFC First Bank Limited CC-Mar24.pdf · 2024-04-27
Just wanted to check on the growth guidance . So, you had mentioned 22 % to 23% advances growth with incremental LDR of somewhere close to 80%. So, should we assume 28% to 30% deposit growth for FY ‘25 and do you think that is internally achievable ? Just some comments on that, please.
So, that was clear and good to know. Just another question . Sorry to harp on this liquidity coverage ratio. I guess a couple of other participants asked as well. Just not able to reconcile this almost 7 percentage point fall in LCR, despite deposits increasing 9%, 10%, Q-o-Q and liquidity on the balance sheet has also increased. So, are there any change in the buckets? Not able to understand that.