Banks In FY24 | The banking sector has reported the best business momentum in last many years. Deposit growth is the highest in over 7 years while loan growth has been robust. Abhishek Kothari 🇮🇳 brings us the detail in our special segment Finstreet.

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Eid Mubarak to you & your family

Banks In FY24 | The banking sector has reported the best business momentum in last many years. Deposit growth is the highest in over 7 years while loan growth has been robust. Abhishek Kothari 🇮🇳 brings us the detail in our special segment #Finstreet

.CNBC-TV18
#FinStreet While FY23 was a record year for the banks, w.r.t. highest NIM in many years, lowest credit cost & historically high return ratios.. FY24 was a record year, w.r.t. business momentum of lenders in last few years
Deposits crossed Rs200 lakh cr in FY24…

#JustIn | Karnataka Bank partners with FISDOM to offer stock broking services & 3-in-1 accounts

Alert: 3 -in -1 accounts are savings, demat & trading accounts

#JustIn | Bandhan Bank appoints Satish Kumar as Head–Wholesale Banking w.e.f. April 10, 2024

#JustIn | Bank of Baroda hikes lending rates by 5 bps across most of the tenures w.e.f. April 12, 2024

.CNBC-TV18
#FinStreet While FY23 was a record year for the banks, w.r.t. highest NIM in many years, lowest credit cost & historically high return ratios.. FY24 was a record year, w.r.t. business momentum of lenders in last few years
Deposits crossed Rs200 lakh cr in FY24…

.CNBC-TV18
Bond mkt actions: Short term rates are cooling off from highs; remain elevated
NON-CONVERTIBLE DEBENTURES
HDB Financial takes Rs500cr via reissue of May 2027 bonds at 8.22% yield
Cholamandalam to raise upto Rs1000cr via five-year bonds at 8.54% coupon
REC to raise…

#4QWithCNBCTV18
Paisalo Digital – Robust disbursements growth aids strong AUM growth
Disbursements to AUM ratio at 11% vs 16.64%QOQ
Disbursements at Rs3588cr, up 38%YOY & 121%QOQ
AUM at Rs4622cr, up 38%YOY & 9.3%QOQ
Customer franchise at 42.9 lakh, up 186%QOQ

GS on Bandhan BK
Downgrade to Neutral, TP Rs 211
Await better clarity on near-term growth/profitability
Cut loan growth est. by 580bps/590 bps to c.13% for FY25E/FY26E
Still expect bank to deliver ROA/ROE in FY25 of 1.9%/16% (vs. 2.3%/18% prior)
Abhishek Kothari 🇮🇳 CNBC-TV18

BoFA Sec on PAytm
Resume coverage, U-P – TP Rs 400
Lending biz growth gradual; Competition high in payments
Earnings recovery and re-rating may be 2-3 quarters away
Now expect Co to achieve EBITDA breakeven in FY27 & net income break-even in FY28
Abhishek Kothari 🇮🇳 CNBC-TV18

#JustIn | Paisalo Digital Business Update 👇

➡️AUM up 32% at ₹4,622 cr as of March 31, 2024, vs ₹3,492 Cr (YoY)
➡️Disbursements up 38% at ₹3,588 cr as of March 31, 2024, vs ₹2,599 cr (YoY)
➡️Co-Lending loan disbursement up 100% at ₹1,128 cr as of March 31, 2024, vs ₹564 cr…

#JustIn | One 97 Communications: Surinder Chawla resigns as MD & CEO of Paytm Payments Bank w.e.f. June 26

Festive greetings to you & your family 🙏

#GlandPharma #LargeTrade | 90.8 lk shares (5.5% equity) worth ₹1,590 cr change hands

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.UCO Bank – CD Ratio improves; can augur well for NIMs
Deposits at Rs2.63 lakh cr, up 5.6%YOY & 3.7%QOQ
Domestic deposits at Rs2.5 lakh cr, up 3.73%YOY & 1.21%QOQ
CASA at Rs0.98 lakh cr, up 7.7%YOY & 5.4%QOQ
Domestic CASA ratio at 39.25% vs 37.82%YOY & vs…

#JustIn | Rajesh Rao resigns as Chief Operating Officer (COO) of Jana Small Finance Bank w.e.f. July 5, 2024

#BlockDeal : Nicomac Machinery, RP Advisory may sell 4.4% stake in Gland Pharma for ₹1,400 crore

Abhishek Kothari 🇮🇳 Jomy Jos Pullokaran

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